Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

SingleFamilyResidence

Bedrooms

3

Building size

1,185 sqft

Lot size

4,836 sqft

Year built

1939

Stories

1

Garage spaces

2

Pool

None

Status

Active

Days on market

25

MLS #

247323813

About this property

Excellent investment opportunity in Monterey Park featuring three rental units. The property is fully occupied with good rental income. The front house offers 2 bedrooms and 1 bathroom 1 kitchen with approximately 900 SF; the back unit offers 1 studio and 1 bathroom with approximately 282 SF; and the garage has been converted into a 2-bedroom, 1-bathroom, 1 kitchen, approximately 500 SF. The garage conversion is unpermitted. Current rents provide immediate rental income, with potential for increased rents based on estimated market rents. Conveniently located near restaurants, supermarkets, medical centers, schools, and the 10 Freeway. A great opportunity for investors seeking a multi-unit property with existing rental income and future rental upside.

Location

411 N Mcpherrin Avenue

Monterey Park, Los Angeles, CA, 91754