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    426 Sefton Ave

    Monterey Park, CA 91755
    • $2,850,000
    • STATUS: Active Under Contract
    • ON SITE: 73 days
    • ID#: 20-633804
    Under Contract
    UPDATED: 55 min ago
    $2,850,000
    • 21
      BEDS
    • 0.59
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,398
      SQFT
    • $385
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    We are pleased to present an 8 unit apartment complex in prime Monterey Park. Constructed in 1962, the property consists of four (4) separate buildings featuring one (1) 4 bedroom 2 bath unit, three (3) 3 bedroom 2 bath units and four (4) two bedroom 1 bath units. Unit 1 (4 bedroom 2 bath) and unit 3 (3 bedroom 2 bath) are two-story townhome style units. Situated on a huge 25,639 square foot lot zoned R-3 (High-Density Residential), this is one of the few potential future development opportunities left in the area. There are eight (8) single car garages and four (4) additional open parking spaces. This property is a 5 minute drive from downtown Monterey Park which includes almost 400 local businesses around the Garvey/Garfield corridor, including art boutiques, tea houses and cafes, grocery stores and restaurants serving authentic Chinese, Thai and ethnic cuisine.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-01T20:42:52.817. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/110160259
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    426 Sefton Ave Monterey Park, CA 91755

    • Price: $2,850,000
    • Status: Active Under Contract
    • Updated: 55 min ago
    • ID#: 20-633804
    21
    Beds
    0
    Baths
    0
    ½ Baths
    0.59
    Acres
    7,398
    SQFT
    $385
    $/SQFT
    1962
    Built
    Neighborhood:
    Monterey Park
    County:
    Los Angeles
    Area:
    Monterey Park
    Property Description
    We are pleased to present an 8 unit apartment complex in prime Monterey Park. Constructed in 1962, the property consists of four (4) separate buildings featuring one (1) 4 bedroom 2 bath unit, three (3) 3 bedroom 2 bath units and four (4) two bedroom 1 bath units. Unit 1 (4 bedroom 2 bath) and unit 3 (3 bedroom 2 bath) are two-story townhome style units. Situated on a huge 25,639 square foot lot zoned R-3 (High-Density Residential), this is one of the few potential future development opportunities left in the area. There are eight (8) single car garages and four (4) additional open parking spaces. This property is a 5 minute drive from downtown Monterey Park which includes almost 400 local businesses around the Garvey/Garfield corridor, including art boutiques, tea houses and cafes, grocery stores and restaurants serving authentic Chinese, Thai and ethnic cuisine.
    Exterior Features

    Cross Streets Newmark Ave Lot Size Area 25640 Other Structures None Parking Garage AssignedGarage Total Parking 12

    Interior Features

    Baths Total 12.00 Common Walls Attached Cooling Wall/Window Equipment None Heating Wall

    Property Features

    Assessed Total Value 497644 Gross Income 156060 Gross Operating Income 151378 Like Units1 1 Like Units2 3 Like Units3 4 Net Operating Income 99417.00 Number Of Buildings 4 Number Of Units 8 Owner Pays WaterGardener Sale Type Standard Source Living Area Owner Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 51961 Type Of Units Apartments Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Mpr3*

    Listing provided courtesy of Benjamin J. Hsiang DRE#01438644 of Realty Investment Advisors, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-01T20:42:52.817. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211