For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $940,500
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,840 sqft
Price per Sqft $511
MLS Listing ID CV23075164
Sold Date 06/22/23
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1922
Lot Size 0.365 Acres
Property Description
Looking for the perfect investment opportunity in one of the top-rated cities in the country? In 2017, Monterey Park was voted one of the top cities in Money magazine, making this the perfect opportunity for savvy investors looking to capitalize on the thriving real estate market thanks to its good schools, neighbors, and growing economy. Don't miss out on this rare chance to own a piece of the American dream in one of the most sought-after locations in the country.
This charming single-family home boasts an enormous 15,902 square foot lot with coveted R2 zoning and backs up to the serene Garvey Ranch Park, providing a tranquil setting for your daily routine. Los Angeles County Assessor's portal shows 17,572 square feet. Buyer to confirm and satisfy themselves with square footage, permits and condition of property.
The possibilities are endless with so much potential. Interested buyers are encouraged to speak with the City about their development plans. Take advantage of the rare opportunity to develop and increase the value of your investment. The home itself offers 1,840 square feet of spacious living, perfect for owner occupancy or renters. The large basement provides additional space to transform into giant storage with loads of shelf space.
Storage won't be an issue with two extra storage rooms and a detached two-car garage, providing ample space for all of your belongings. Located in the heart of Monterey Park, this home is in close proximity to top-rated schools, making it the ideal location to settle down.
The home itself features hardwood floors and a huge dining room with built-in cabinetry. The property is in need of repair, but its large size and huge basement offer ample potential for customization and renovation. Long cement driveway leads to the large storage room connected to the 2 car garage.
One of the best features of this property is its location, which backs up to the beautiful Garvey Ranch Park. The area is also home to top-rated schools and offers great access to downtown Los Angeles, as well as a wide variety of parks, restaurants, and shopping options.
This property is truly a developer's dream, with many newly built homes around the area. It's hard to find a lot this size in such a prime location in Monterey Park, so don't miss out on this incredible opportunity to create the home or investment property of your dreams!
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Zoning MPR2*
Rooms
Main Level Bedrooms 3
Ensuite Laundry Washer Hookup, Gas Dryer Hookup
Interior
Interior Features All Bedrooms Down
Laundry Location Washer Hookup,Gas Dryer Hookup
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Garage Driveway, Garage, RV Access/Parking
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Street Lights, Sidewalks, Park
View Y/N Yes
View Park/Greenbelt
Parking Type Driveway, Garage, RV Access/Parking
Attached Garage No
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Back Yard, Front Yard, Lawn, Near Park
Story 1
Entry Level One
Sewer Unknown
Water Public
Level or Stories One
New Construction No
Schools
School District Alhambra
Others
Senior Community No
Tax ID 5260005017
Acceptable Financing Cash, Cash to Existing Loan
Listing Terms Cash, Cash to Existing Loan
Financing Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with CHUONG THAI • EXP REALTY