218 North MC Pherrin North Avenue Monterey Park, CA 91754
5 Beds
5 Baths
3,131 SqFt
UPDATED:
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 WS-25218416
Bedrooms 5
Full Baths 4
Half Baths 1
Year Built 2005
Lot Size 7,207 Sqft
Property Sub-Type Single Family Residence
Source California Regional Multiple Listing Service (CRMLS)
Property Description
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
Interior
Interior Features Balcony, High Ceilings, Pantry
Cooling Central Air, Dual
Fireplaces Type None
Laundry Gas Dryer Hookup, Individual Room, Inside
Exterior
Parking Features Concrete, Driveway
Garage Spaces 2.0
Pool None
Community Features Sidewalks, Street Lights, Urban
View Y/N No
View None
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
Schools
High Schools Mark Keppe
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944