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505 N New Avenue, Monterey Park, CA 91755

Property

505 N New Avenue, Monterey Park, CA 91755 Sold March 2024 CRMLS
$1,720,000Sold March 2024

Listing Agent: Sharon Liu (DRE #01720175) · Listing Office: Re/Max Premier Prop Arcadia · Contact: 626-758-0937 · Bought with: Benjamin Lin · 1000 Realty Corporation · MLS #AR23179304 · Source: CRMLS

10,742 sqft
Lot Size
1947
Year Built
Property
Type
2
Stories
0
Garage

About this property

AMAZING INVESTOR OPPORTUNITY IN A SUPERB LOCATION IN MONTEREY PARK! This is a well maintained hard to find 6-unit property located in the heart of Monterey Park, close to everything! Property has been managed by a professional management company and consists of one unit with 1 bedroom & 1 bathroom, four units with 2 bedrooms & 1 bathroom, and one unit with 3 bedrooms & 2 bathrooms. The property consists of two buildings, with 4 units in the front building and 2 units in the single story rear building(five units downstairs and one unit upstairs). Paved drive-way and assigned parking space for each unit. This is a rare opportunity for an investor seeking a steady flow of rental income. Close to Atlantic Square and Monterey Park downtown. Convenient to Schools, supermarket, 99-Ranch store, Hong Kong market, gym, restaurants, banks, and transportation. Property to be "sold as is". Drive-by only. Offer subject to interior inspection. Don't miss this incredible opportunity!

Listing description from the March 2024 sale, as reported to CRMLS.

Sale history

$1,720,000
Sold March 2024 · listed $1,900,000, on market September 2023 · MLS #AR23179304 · Source: CRMLS
Listing Agent: Sharon Liu · Listing Office: Re/Max Premier Prop Arcadia · Contact: 626-758-0937 · Bought with: Benjamin Lin · 1000 Realty Corporation
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