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423 N Chandler Ave
Monterey Park, CA 91754
Downtown Monterey Park Multifamily Investment · Multifamily Property For Sale
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7 Units
Investment Highlights
- Grate Add On Potentials. Upside in Income.
- Robust Demographics within 5 Miles Radius.
- 100% Occupied, High Rental Demand Location.
- Excellent Location, Walkable Distance to the Atlantic Time Square.
- Legacy Opportunity – first time offered for sale in more than 20 years.
- Current Cap Rate of 4.4%, Proforma Cap 6-8%
Property Facts
| No. Units | 7 | Building Size | 4,566 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1956 |
| Building Class | C | Parking Ratio | 4.16/1,000 SF |
| Lot Size | 0.43 AC | ||
| Zoning | SP - Mixed Used: commercial/residential | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 4,566 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1956 |
| Parking Ratio | 4.16/1,000 SF |
| Zoning | SP - Mixed Used: commercial/residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Fireplace
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $3,800 | - |
| 1+1 | 6 | $2,000 | - |
Property Taxes
| Parcel Number | 5256-002-006 | Improvements Assessment | $540,006 |
| Land Assessment | $517,047 | Total Assessment | $1,057,053 |
Property Taxes
Parcel Number
5256-002-006
Land Assessment
$517,047
Improvements Assessment
$540,006
Total Assessment
$1,057,053
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