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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$1,598,000

Est. payment - /mo

5 Beds

5 Baths

3,131 SqFt

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Open House

Sun Sep 21, 1:00pm - 4:00pm

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,131 sqft

Price per Sqft $510

MLS Listing ID WS25218416

Bedrooms 5

Full Baths 4

Half Baths 1

HOA Y/N No

Year Built 2005

Lot Size 7,204 Sqft

Property Sub-Type Single Family Residence

Property Description

Custom-Built Luxury Home – Perfect for Investment or Owner-Occupancy, Don't Miss Out!
Prime Monterey Park Location – This high-quality, custom-built luxury residence, constructed in 2005, offers 4 bedrooms, 5 bathrooms, and 3,130 sq ft of living space on a generous 7,200 sq ft lot. Features a detached oversized garage (over 600 sq ft), ideal for a low-cost ADU conversion! Elegant French Double Doors open to a grand, soaring foyer with a stunning spiral staircase, exuding luxury and sophistication. The main level boasts a spacious primary suite, while the upper level includes two en-suite bedrooms plus a versatile loft space.Low Property Taxes, No HOA Fees – Exceptional holding costs make this an outstanding choice for both investors and homeowners.
Meticulously Renovated by the Seller with Premium Upgrades – Featuring a brand-new luxurious interior, this property is currently operating as a successful short-term rental (STR) with stable income. Over the past six months, average rental income has exceeded $12,000/month, with financials available upon request and consistent growth potential. Post-sale, the seller is willing to offer a high-rent lease-back arrangement.Motivated Seller! Due to business liquidity needs, the seller is reluctantly letting this property go at a $150,000 loss – a rare opportunity for a quick sale!

Location

State CA

County Los Angeles

Area 641 - Monterey Park

Rooms

Main Level Bedrooms 1

Interior

Interior Features Balcony, High Ceilings, Pantry, Loft, Main Level Primary, Multiple Primary Suites, Walk-In Pantry, Walk-In Closet(s)

Cooling Central Air, Dual

Fireplaces Type None

Fireplace No

Appliance Built-In Range, Dishwasher, Electric Oven, Gas Water Heater, Microwave

Laundry Gas Dryer Hookup, Inside, Laundry Room

Exterior

Parking Features Concrete, Driveway, Garage Faces Front, Garage

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Street Lights, Sidewalks, Urban

View Y/N No

View None

Accessibility No Stairs

Total Parking Spaces 2

Private Pool No

Building

Lot Description 2-5 Units/Acre

Dwelling Type House

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

High Schools Mark Keppe

School District Alhambra

Others

Senior Community No

Tax ID 5256014039

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Qingde Liu Mayland Realty

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218 North MC Pherrin AVE N Monterey Park, CA 91754