Monterey Park (641) Homes with Apartment Subtype

Monterey Park (641) Homes with Apartment Subtype

Welcome to Monterey Park, a vibrant city nestled in the heart of Los Angeles County, California. Known for its rich cultural diversity and inviting community spirit, Monterey Park is a hidden gem that offers an exceptional quality of life. Just a stone’s throw away from downtown Los Angeles, residents enjoy the perfect blend of suburban tranquility and urban convenience.

Monterey Park is renowned for its culinary scene, boasting an array of authentic Asian restaurants, bustling markets, and charming cafes that reflect the area's multicultural heritage. The city is home to numerous parks and recreational facilities, providing ample opportunities for outdoor activities and family gatherings. With excellent schools and a strong sense of community, Monterey Park is an ideal place for families, young professionals, and retirees alike.

When it comes to housing, Monterey Park offers a unique selection of homes with apartment subtypes that cater to various lifestyles and budgets. Whether you're seeking a cozy studio, a spacious two-bedroom apartment, or a multi-family dwelling, you’ll find an array of options that suit your needs. Many of these homes feature modern amenities, open floor plans, and beautiful views of the surrounding hills, making them perfect for both comfort and style.

In Monterey Park, you can enjoy the best of both worlds: a peaceful residential atmosphere combined with the excitement of city life. With its welcoming community, diverse amenities, and a thriving real estate market, Monterey Park is not just a place to live; it’s a place to call home. Come explore the possibilities and discover your dream apartment in this charming city!

Newest Monterey Park (641) 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.