Exceptional value-add duplex opportunity on a large, flat lot in a highly desirable Monterey Park location within the sought-after Mark Keppel High School district (buyer to verify)! This versatile property is ideal for investors, developers, or first-time buyers looking to live in one unit while generating income from the other.
The… Read More rear unit (#335) has been fully renovated and previously operated as a successful short-term rental, performing very well and offering strong income potential. Perfect for immediate rental use, extended family, or in-law living.
The front home (#331) has been fully gutted to the studs and comes with approved plans for a spacious 3-bedroom, 3-bathroom layout—providing a rare opportunity for the next owner to design and complete their dream home to their own taste while saving significant time and demolition costs.
Situated on an expansive lot, the property offers ample parking for 6+ vehicles and includes a detached 2-car garage with excellent potential for Junior ADU conversion and possible expansion (buyer to verify), creating even more income opportunities.
Whether you’re looking to create a multi-generational living setup, offset your mortgage with rental income, or invest in a property with strong upside and flexibility, this is a unique opportunity you won’t want to miss. Read Less
Property listed by Real Brokerage Technologies, Inc, Nhuc Tang 626-807-3675
Listing Snapshot
Days Online
1
Last Updated
Property Type
Duplex
Lot Size
0.22 Acres
Year Built
1947
MLS Number
AR26088850
Additional Details
Building
Built in 1947, 1 building, 1 storey, Entry level: 1, Entry location: 1
Community
StreetLights
Cooling
Ductless
Expenses
Insurance: $3,000, Operating: $30, Trash: $1,200
Fireplaces
None
Floors
Tile
Foundation
ConcretePerimeter
Garage
2 spaces
Heating
Ductless
Income
Gross Income: $62,700, Gross ScheduledIncome: $66,000, Net Operating Income: $46,200
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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