423 N Chandler Ave, Monterey Park

$2,890,000   |   8 beds   |   8 baths

423 N Chandler Ave
Monterey Park, CA

Rare Income Investment Opportunity located in downtown Monterey Park City! This 18,920 SqFt Lot features 7 single-story townhome-like apartment units. Features: One (1) 2B/2Bath w/private driveway, fenced back patio & front lawn, brand new 3 car parking garage (can park up to 8 cars); and Six (6) 1B/1Bath Large units each with its own 2 parking spaces, washer/dryer hook-ups, and Mini AC splits (Cooling & Heating). Additional bonuses: recent upgrades to copper plumbing, new sewer system, and brand-new pavers to the entire property. Each unit is individually metered. Four (4) of the units have been completely remodeled. Residents enjoy the convenience of this location, with walkable distance to retail amenities, the Atlantic Time Square and proximity to the 10 Fwy and downtown L.A! The property’s excellent location with minimal maintenance makes a prime investment opportunity for a value-add strategy to deliver above average returns. This is the first time 423 N Chandler has been offered for sale in more than 20 years. The property’s location, rental demand, and embedded value make it a strong acquisition opportunity. Situated amongst new hotel and entertainment developments like Marriot, Hilton, Hyatt, Atlantic Time Square, etc. Airbnb opportunity!

Property Details

Presented By

Keller Williams Realty
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