335 E Newmark, Monterey Park, CA 91755
335 E Newmark, Monterey Park, CA 91755
335 E Newmark, Monterey Park, CA 91755
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Diego Magdaleno

Diego Magdaleno

+1(714) 376-8652
$1,318,000
Est. payment /mo
9,469 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26088850

Construction Status Additions/Alterations,Building Permit

HOA Y/N No

Year Built 1947

Lot Size 9,469 Sqft

Property Sub-Type Duplex

Property Description

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 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 (#339) 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.

Location

State CA

County Los Angeles

Area 641 - Monterey Park

Interior

Interior Features All Bedrooms Up, All Bedrooms Down

Heating Ductless

Cooling Ductless

Flooring Tile

Fireplaces Type None

Fireplace No

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Street Lights

Roof Type Shingle

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction No

Construction Status Additions/Alterations,Building Permit

Others

Senior Community No

Tax ID 5259011018

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Special Listing Condition Standard

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Listed by Nhuc Tang Real Brokerage Technologies, Inc 626-807-3675, DRE #02026394

NEARBY SCHOOLS & PROPERTIES

Diego Magdaleno

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