335 E Newmark Monterey Park, CA 91755
9,469 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26088850
Construction Status Additions/Alterations,Building Permit
HOA Y/N No
Year Built 1947
Lot Size 9,469 Sqft
Property Sub-Type Duplex
Property Description
The rear unit (#335) has been fully renovated and previously operated as a successful short-term rental, performing very well and offering strong income potential. Perfect for immediate rental use, extended family, or in-law living.
The front home (#331) has been fully gutted to the studs and comes with approved plans for a spacious 3-bedroom, 3-bathroom layout—providing a rare opportunity for the next owner to design and complete their dream home to their own taste while saving significant time and demolition costs.
Situated on an expansive lot, the property offers ample parking for 6+ vehicles and includes a detached 2-car garage with excellent potential for Junior ADU conversion and possible expansion (buyer to verify), creating even more income opportunities.
Whether you're looking to create a multi-generational living setup, offset your mortgage with rental income, or invest in a property with strong upside and flexibility, this is a unique opportunity you won't want to miss.
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Interior
Interior Features All Bedrooms Up, All Bedrooms Down
Heating Ductless
Cooling Ductless
Flooring Tile
Fireplaces Type None
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Street Lights
Roof Type Shingle
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction No
Construction Status Additions/Alterations,Building Permit
Others
Senior Community No
Tax ID 5259011018
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS