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801-803 E Newmark Ave
Monterey Park, CA 91755
801-803 E Newmark Ave Monterey Park, CA · Multifamily Property For Sale
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8 Units
Investment Highlights
- Eight units (six and two) on two large contiguous lots totaling 35,833 square feet of land- nearly an acre
- R-3 zoning - allowing 11 units by right (one unit per 3,000 square feet) - with AB-1211 8 units could be added in addition to this (buyer to verify)
- Can be sold separately or together
- All single story structures - Two detached duplex's and four single family units - Seven two bedroom units and one three bedroom unit
- Prime Monterey Park location in the San Gabriel Valley - median single family home value is $980,000
- Monterey Park does not have any municipal rent control (subject to AB-1482)
Property Facts
| No. Units | 8 | Lot Size | 0.82 AC |
| Property Type | Multifamily | Building Size | 8,801 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1952 |
| Building Class | C | ||
| Zoning | MPR3* | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 8,801 SF |
| No. Stories | 1 |
| Year Built | 1952 |
| Zoning | MPR3* |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | $1,483 | - |
| 3+2 | 1 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,020,000 | |
| Land Assessment | $2,397,000 | Total Assessment | $3,417,000 |
Property Taxes
Parcel Numbers
Land Assessment
$2,397,000
Improvements Assessment
$1,020,000
Total Assessment
$3,417,000
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