This property is no longer available to rent or buy. This description is from March 03, 2015
Wow!!!! R3 zoning. Large lot for a condo project. DEVELOPMENT OPPORTUNITY AND PRIME LOCATION in Monterey park. We are so pleased to offer this 4 units located in the heart of Monterey park for sale. Rent will be collected during the design work and review. Great Monterey Park location, located on a quiet, tree lined street, close to a Chinese supermarket, banks and restaurants. Currently there are 4 units total. One detached house 227 3 beds/1 bath (title shows 2 beds/1 bath) with a 2 car detached garage, tenants are paying $1800/month. There are 3 units in the other building, has a new roof and new water heaters. 229 A 2 beds/1 bath, $1400/month. 229 B (2 beds/1 bath) $1350/month. 229 C(1 bed/1 bath) $985/month. 229 B has a one year lease, the others are under month to month term. Total monthly income is $5535/ month. Landlord pays water, trash and gardener. Property to be sold as is condition. Truly a remarkable development opportunity. Buyer to verify with city for great potential development. Don't let this one get away. Please do not disturb tenants. Drive by and offer is subject to interior inspection.