240 S Ynez Avenue, Monterey Park, CA 91754

$999,000 Asking Price

3 beds
3 baths
1,602  sqft
Built in 1926

Rare find! Excellent opportunity to fix and save or invest and develop! Currently featuring a 1,600 sq ft single-family Craftsman-style home with 3 bedrooms, 3 bathrooms, and a detached 2-car garage, this home is ideal for those looking to fix and save or re-imagine the property’s full potential with R3 zoning for multifamily development on a sprawling 10,000 sq ft corner lot in the heart of Monterey Park. Located in a desirable neighborhood known for its vibrant community, the property is within the highly rated Ynez Elementary and Keppel High School district. Enjoy easy access to a variety of shopping, dining, and outdoor recreation options, while being conveniently close to major freeways, including the 10, 710, 60, 5, and 110, making commuting a breeze. Whether you're looking to invest, completely redevelop, or simply fix and save, this property is a golden opportunity with endless possibilities!


Features & Amenities

Interior

General:
Built-in Features,Chair Rail,Crown Molding,Tile Counters,Wood Product Walls,Primary Suite
Appliances:
Gas Range
Laundry:
Washer Hookup,Laundry Room
Flooring:
Carpet,See Remarks,Tile,Wood
A/C:
true, Whole House Fan,Wall/Window Unit(s)
Heating:
true, Floor Furnace
Fireplace:
Decorative,Living Room,See Remarks, Fireplace

Exterior

General:
None
Style:
Craftsman
Pool:
None
Parking:
Concrete,Door-Single,Driveway,Garage Faces Front,Garage,Garage Door Opener,RV Potential,Side By Side, Parking spaces: 2

Construction

Windows:
Jalousie,Wood Frames
General:
Frame,Wood Siding, 1, Raised

Location

Road/Access:
City Street
HOA Amenities:
0.0
Originating MLS:
CRMLS
School District:
Alhambra
County:
Los Angeles

Lot

Zoning:
MPR3YY, 5257009006
View:
None
Fencing:
Chain Link,Wood

Utilities

Water:
Public
Sewer:
Private Sewer

Financial

Source:
CRMLS

This listing courtesy of:
Equity Union, Stephanie Vitacco

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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