Elite Real Estate Group
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID WS25106914
HOA Y/N No
Year Built 1941
Lot Size 1,860 Sqft
Lot Dimensions Assessor
Property Sub-Type Mixed Use
Property Description
Located in the heart of Monterey Park, this rare commercial and residential building offers a great investment opportunity.
***The property features:
- A front store (commercial unit) with potential for retail, office, learning center use, live and work etc.
- 2 residential apartments at the back and on the 2nd level, each with 2 bedrooms and 1 bathroom
- Total of 4 bedrooms, 3 bathrooms and an extra separate shower stall
- Each unit has its own separate entrance
- Total area: 2150 sqft
- Potential rental income: Approx. $6,000 per month.
***Key Highlights:
- Recently renovated units in good condition
- Prime location, just 3 blocks from Garfield Ave and minutes drive to DTLA
- Easy access to major freeways
- Long-term growth potential in one of LA County's most desirable cities
***Current Status:
- Commercial unit leased until end of 2025
- Residential apartments currently vacant after recent renovations
Don't miss this exceptional opportunity to own a multi-unit property with great rental income and long-term growth potential.
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Interior
Heating See Remarks
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Washer Hookup
Exterior
Fence Block
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Shingle
Present Use Commercial
Building
Lot Description 2-5 Units/Acre, Flag Lot, Near Public Transit, Street Level, Walkstreet
Story 2
Water Public
Others
Tax ID 5257022007
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Elite Real Estate Group
Team