Monterey Park Homes with Apartment Subtype

Monterey Park Homes with Apartment Subtype

Welcome to Monterey Park, California—a vibrant city nestled in the heart of Los Angeles County, known for its rich cultural tapestry and welcoming community. Just a stone's throw from the bustling metropolis of downtown Los Angeles, Monterey Park offers the perfect balance of urban convenience and suburban tranquility. With its diverse population and a variety of amenities, this city is an ideal place for families, young professionals, and retirees alike.

Monterey Park boasts an array of homes, including charming apartments that cater to a variety of lifestyles. Whether you're looking for a cozy one-bedroom or a spacious multi-bedroom unit, the apartment options here are plentiful. Many of these homes feature modern amenities and are located within close proximity to parks, shopping centers, and excellent schools. The area is well-connected by public transportation and major freeways, making commuting a breeze.

The city is also celebrated for its culinary scene, with a plethora of restaurants offering delicious cuisines from around the world, especially authentic Asian fare that reflects the city's rich cultural heritage. Outdoor enthusiasts will appreciate the numerous parks and recreational facilities, providing ample opportunities for relaxation and leisure activities.

Monterey Park is not just about homes; it's about building a community. With a calendar full of local events, festivals, and farmers' markets, residents have plenty of opportunities to connect and engage with their neighbors. If you're considering a move to this charming city, you'll find that Monterey Park offers a unique blend of culture, convenience, and community spirit—a place where you can truly feel at home.

Newest Monterey Park Homes with Apartment Subtype

218 W Hellman, Monterey Park
$3,195,000
SB26214190 MLS ⋅ Active Status
Trophy Multifamily Asset in the Heart of Monterey Park First time on the market in over 45 years! This exceptional multifamily investment opportunity is ideally located in the heart of Monterey Park and sits on an oversized approximately 20,000-square-foot lot. The property offers an attractive unit mix consisting of approximately 80% two-bedroom units and 20% one-bedroom units, providing strong appeal to a broad tenant base. Most units feature private balconies or patios and are SB 721 compliant. Tenant amenities include a beautifully landscaped common area with a BBQ and outdoor seating area, mature gardens, and common-area laundry facilities. Each tenant also benefits from either a single or dual enclosed garage, providing valuable off-street parking and additional storage. The property presents upside income potential through below-market rents and is exempt from the Los Angeles City RSO, with rents subject to applicable California statewide rent-control guidelines. Additional property features include: Separately metered gas and electricity Gated entrance Enclosed garage parking Mature landscaping and garden areas Stable tenancy Approximately 20,000 SF lot Attractive 80% two-bedroom / 20% one-bedroom unit mix With its long ownership history, desirable unit mix, substantial lot size, garage parking, and potential for rental upside, this is a rare opportunity to acquire a multifamily asset in a market where properties with more than five units trade infrequently. IMPORTANT NOTE: Buyer/agent to verify square footage (lot and units) and all MLS information. Broker and agent do not represent or guarantee accuracy of the square footage, bedroom/bathroom count, lot size or lot lines/dimensions, permitted or unpermitted spaces, school boundary lines or eligibility, rent control, or the information concerning the conditions, or features of the property. Buyer/agent are advised to independently verify the accuracy of all information.

218 W Hellman, Monterey Park
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.