342 E Newmark Ave | Monterey Park, CA 91755
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- LoopNet Team
342 E Newmark Ave
Monterey Park, CA 91755
Not Subject to Local Rent Control, 45% Upside · Multifamily Property For Sale
·
5 Units
Investment Highlights
- Highly Sought-After San Gabriel Valley Location
- Available for Sale for First Time in Nearly 45 Years
- Potential to Add ADUs to Significantly Increase Property Value (Buyer to Verify)
- Not Subject to Local Rent Control -- Higher Annual Rent Increases (Buyer to Verify)
- Offering Includes a Two-Bedroom House Plus Four Additional Apartment Units, Each with Private Yards and Two Parking Spaces
- Roofs Recently Replaced on All Buildings
Property Facts
| No. Units | 5 | Lot Size | 0.32 AC |
| Property Type | Multifamily | Building Size | 3,207 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1955 |
| Building Class | C | ||
| Zoning | MPR2 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 3,207 SF |
| No. Stories | 1 |
| Year Built | 1955 |
| Zoning | MPR2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,100 | 550 |
| 2+1 | 1 | $1,900 | 1,000 |
Property Taxes
| Parcel Number | 5259-003-050 | Improvements Assessment | $636,724 |
| Land Assessment | $1,108,962 | Total Assessment | $1,745,686 |
Property Taxes
Parcel Number
5259-003-050
Land Assessment
$1,108,962
Improvements Assessment
$636,724
Total Assessment
$1,745,686
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