207 N New Avenue, Monterey Park, CA 91755

$1,600,000 Asking Price

6 beds
5 baths
3,212  sqft
Built in 1922

GREAT OPPORTUNITY FOR INVESTORS; R3 ZONING; CURRENTLY 5+5 PLUS 1+1 PARTIAL GARAGE CONVERSION; CAN BE USED AS 3 UNITS WITH 3+2, 3+3 & 1+1 EACH WITH ITS OWN ENTRANCE; FIRST UNIT WITH 3 BEDROOMS + 2 BATHROOMS + LIVING ROOM DOWNSTAIRS; SECOND UNIT WITH FAMILY ROOM + KITCHEN + 3 BEDROOMS + 3 BATHROOMS + LOFT UPSTAIRS; THIRD UNIT WITH 1 BEDROOM+ 1 BATHROOM; 6 PARKING SPACES IN THE BACK & A 2-CAR ATTACHED GARAGE; A LARGE MIXED COMMERCIAL AND RESIDENTIAL DEVELOPMENT UNDER CONSTRUCTION ACROSS THE STREET ON NEW AVENUE; OWNER MAY BUILD A MULTI-FAMILY APARTMENT ON HIS OWN IF NOT SOLD BY OCTOBER.

Features & Amenities

Interior

Laundry:
Garage
A/C:
Central Forced Air
Heating:
Forced Air Unit
Fireplace:
FP in Family Room

Exterior

Pool:
None
Parking:
Parking spaces: 2

Construction

General:
2 Story

Location

HOA Amenities:
0.0
Originating MLS:
California Regional MLS
County:
Los Angeles

Lot

Zoning:
MPR3*, 5258007029
View:
N/K

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
California Regional MLS

This listing courtesy of:
Mel Wilson & Associates - Realtors, Ivy Lang

About Monterey Park, CA

Housing

Number of Units
20,853
Median Home Value
$657,901
Median Rent
$1,450

48.94% of housing units are renter occupied.

4.31% are vacant.

Commute

Car
71.60%
Public Transportation
1.42%
Walk to Work
0.81%
Work from Home
25.28%
Other
0.44%

The median travel time to work is 25 minutes.

People

Population
60,287
Median Age
44.30
Median Household Size
3.01

Education

High School
23.51%
Associate’s Degree
7.28%
Bachelor’s Degree
24.00%
Graduate Degree
10.08%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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