801-803 E Newmark Ave - Apartments FOR SALE
Monterey Park, CA 91755 |
801-803 E Newmark Ave
Monterey Park, CA 91755
HIGHLIGHTS
- Eight units (six and two) on two large contiguous lots totaling 35,833 square feet of land- nearly an acre
- All single story structures - Two detached duplex's and four single family units - Seven two bedroom units and one three bedroom unit
- 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)
- Prime Monterey Park location in the San Gabriel Valley - median single family home value is $980,000
- Can be sold separately or together
- Monterey Park does not have any municipal rent control (subject to AB-1482)
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
801-803 E Newmark Ave Monterey Park, CA
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
8801.339
STORIES
1
YEAR BUILT
1952
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
5259-013-038,5259-013-039
