439 S New Ave
Monterey Park, CA 91755
Multifamily Property For Sale · 7 Units

If you are looking for Location/ and land value for future development value then this is it! (7) Units consisting of of 4 stand alone buildings. Zoned R-3 with with a huge 23k square feet lot and a wide 78 foot frontage. According to the owner, there's a possibility to build 7 units, with no need to build retaining wall or dig underground; buyer needs to verify with city as it may change. The front main house is a single family and has been remodeled with permits and has central air/heat, bath added with a bonus den that can be used as a 4th bedroom and a huge basement below easily a living space and also has it's own separate private driveway, a 3 car garage below and private front and backyard enclosed. Below is a Mother in law, 1 bedroom with access to the front and backyard with guest parking. The center has a stand alone house 2 bedroom / 1 bath with it's own private enclosed backyard. The back has twin duplexes, 4 units total with 2 bedroom/1 bath and it's own common area. 5 carport parking and plenty of parking spaces. Rents are below market, with upside potential. This is a project waiting to be fully realized! Located in Monterey Park California, Los Angeles County.