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Listed by Kristopher German • RE/MAX 2000 REALTY
$ 1,175,000
Est. payment | /mo
6,823 Sqft Lot
$ 1,175,000
Est. payment | /mo
6,823 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRCV25169203
Year Built 1948
Lot Size 6,823 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
NEW PRICE! 3-Unit Triplex with approved permits to build 4th Unit ADU! The property presents an exceptional opportunity for investors or owner-users seeking strong existing income and value-add potential. The property features an ideal unit mix of one 1-bedroom/1-bath single-story unit and two 2-bedroom/1-bath units, totaling 2,442 rentable square feet on a 6,823 square foot lot. Each unit is separately metered for electricity and gas, and tenants enjoy garage parking and private interior laundry hookups, adding to long-term tenant appeal. What truly sets this offering apart is the rare opportunity to immediately increase value: approved plans and permits are in place for a 689 sq. ft. 1-bedroom ADU, allowing for a 4th income-generating unit. Major capital improvements have already been completed, including a new electrical panel for all units and a new copper main water line, ensuring reduced maintenance costs. Located in a strong rental market with proximity to shops, schools, and transportation, this property is ready for expansion-just bring your shovel and start building. Whether you're looking to grow your portfolio or live onsite while generating income, this Monterey Park property offers rare upside with permits already in hand.
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Rooms
Kitchen None
Interior
Laundry Gas Hookup, In Kitchen, 30
Exterior
Parking Features Assigned Spaces, Garage
Garage Spaces 3.0
Pool 31, None
View None
Roof Type Shingle
Building
Water District - Public
Others
Tax ID 5266020020
Special Listing Condition Not Applicable
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