Monterey Park Homes with Apartment Subtype

Welcome to Monterey Park, California—a vibrant gem nestled in the heart of Los Angeles County. Known for its rich cultural diversity and community-oriented atmosphere, Monterey Park offers a unique blend of suburban charm and urban convenience. With a population of around 60,000, this dynamic city is renowned for its excellent schools, lush parks, and a thriving dining scene that showcases flavors from around the world.

Monterey Park is particularly appealing for those seeking homes with an apartment subtype. Whether you’re a first-time buyer, a seasoned investor, or looking for a cozy rental, the housing options here cater to a variety of lifestyles. Many of the apartment complexes feature modern amenities, spacious layouts, and beautiful views, making them perfect for families, young professionals, and retirees alike. The city’s commitment to maintaining a high quality of life is evident in its well-maintained neighborhoods and community services.

Living in Monterey Park means you’re just a short drive away from the bustling energy of downtown Los Angeles, while still enjoying the tranquility of suburban living. The city is also well-connected via public transportation, making commuting a breeze. With its rich history, friendly community, and an array of housing options, Monterey Park is a wonderful place to call home. Embrace the opportunity to explore this charming city and discover the perfect apartment that suits your lifestyle. Your dream home awaits in Monterey Park!

Newest Monterey Park Homes with Apartment Subtype

$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.

218 W Hellman, Monterey Park

Start Your Search

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.