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$1,050,000
Est. payment /mo
1,820 Sqft Lot
UPDATED:
01/05/2025 03:34 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25002400
HOA Y/N No
Lot Size 1,820 Sqft
Property Description
Located in the heart of Downtown Monterey Park along a high-traffic pedestrian shopping street, this property is conveniently situated near the Lincoln Hotel. The two-story building comprises two distinct units. The downstair unit was leased to a gold jewelry store generating $3,200 per month in rental income. The upstairs unit features its own private bathroom and direct gated access to Garvey Avenue. This upper unit is currently vacant, offering potential rental income of $1,000 to $1,500 per month and is ideal for office use. The property is surrounded by a variety of restaurants, banks, retail stores, and bus stops, making it a prime location for both business and convenience.
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Interior
Fireplace No
Laundry None
Building
Lot Description 0-1 Unit/Acre, Near Public Transit, Rectangular Lot
Story 2
Water Public
Others
Tax ID 5257022004
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Listed by Crystal Zheng • KW Executive • 626-823-1390
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HomeSmart Realty West
Broker | License ID: DRE#1905908
Broker License ID: DRE#1905908