Property · 2 recorded sales since 2015
Listing Agent: Benjamin J. Hsiang (DRE #01438644) · Listing Office: Remax Commercial and Investmen · Contact: 213-817-1000 · Bought with: Out of Area Out of Area · Out of Area · MLS #15823155 · Source: CRMLS
We are proud to present an extremely rare opportunity to acquire a seventy one unit apartment complex in the City of Monterey Park. The property consists two (2) separate buildings (1001 E. Newmark Avenue & 219 S. New Avenue) which consist of thirty three (33) studio units, thirty three (33) bachelor units, three (3) two bedroom one bath units, and two (2) one bedroom one bath units. These properties have NO other competition for Studios/bachelors in the area and have 59 parking spaces on site. Always fully occupied the properties have a gated community pool and well maintained grounds. These easy to manage two-story buildings sit on a spacious lot of over 48,000 square feet.
Listing description from the June 2015 sale, as reported to CRMLS.