Monterey Park (641) Homes with Apartment Subtype

Nestled in the heart of Los Angeles County, Monterey Park is a vibrant community that effortlessly blends suburban charm with urban convenience. Known for its rich cultural diversity, this picturesque city is just a stone’s throw away from downtown Los Angeles, making it an ideal location for those seeking both tranquility and accessibility. With a population that celebrates a mosaic of cultures, Monterey Park boasts an array of delightful dining options, bustling markets, and community events that reflect its unique heritage.

For homebuyers, Monterey Park offers a variety of housing options, including the increasingly popular homes with apartment subtypes. These residences are perfect for those looking to invest in a property that can accommodate multi-generational living or provide rental income. Many of these homes feature spacious layouts, modern amenities, and private outdoor spaces, making them perfect for families or individuals seeking extra room to grow.

The city is also known for its excellent schools, beautiful parks, and recreational facilities, making it a fantastic place for families to call home. Whether you’re strolling through the scenic parks, enjoying a meal at one of the many local eateries, or attending community events, Monterey Park has something for everyone.

With its ideal location, diverse community, and appealing housing options, Monterey Park is more than just a place to live; it’s a vibrant lifestyle waiting to be embraced. Explore the homes with apartment subtypes in this charming city and discover the perfect blend of comfort and convenience that awaits you!

Newest Monterey Park (641) 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

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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.