Monterey Park (641) Homes with Apartment Subtype

Monterey Park, located in Los Angeles County, California, is a vibrant and diverse city that offers a unique blend of urban amenities and suburban charm. With a population of around 64,000 residents, Monterey Park is known for its rich cultural heritage, excellent schools, and convenient access to major highways and public transportation.

One of the popular housing options in Monterey Park is homes with the apartment subtype. These properties provide a great opportunity for homeowners to generate additional income by renting out a separate unit within their home. This arrangement is ideal for families looking for extra space or individuals seeking a source of passive income.

Homes with the apartment subtype in Monterey Park come in a variety of styles and sizes, ranging from cozy bungalows to spacious multi-level residences. Many of these properties feature separate entrances, ensuring privacy for both the homeowners and tenants. With the high demand for rental properties in the area, investing in a home with an apartment subtype can be a profitable venture.

Living in Monterey Park offers residents a wide range of amenities, including parks, shopping centers, and a diverse culinary scene. The city is also known for its strong sense of community and numerous cultural events throughout the year.

If you're looking for a vibrant and diverse community with excellent housing options, Monterey Park is an ideal place to call home. Whether you're interested in purchasing a home with an apartment subtype or exploring the city's rich cultural heritage, Monterey Park has something for everyone.

Newest Monterey Park (641) Homes with Apartment Subtype

$3,195,000

SB26214190 MLS ⋅ Active Status

Trophy Multifamily Asset in the Heart of Monterey Park First time on the market in over 45 years! This exceptional multifamily investment opportunity is ideally located in the heart of Monterey Park and sits on an oversized approximately 20,000-square-foot lot. The property offers an attractive unit mix consisting of approximately 80% two-bedroom units and 20% one-bedroom units, providing strong appeal to a broad tenant base. Most units feature private balconies or patios and are SB 721 compliant. Tenant amenities include a beautifully landscaped common area with a BBQ and outdoor seating area, mature gardens, and common-area laundry facilities. Each tenant also benefits from either a single or dual enclosed garage, providing valuable off-street parking and additional storage. The property presents upside income potential through below-market rents and is exempt from the Los Angeles City RSO, with rents subject to applicable California statewide rent-control guidelines. Additional property features include: Separately metered gas and electricity Gated entrance Enclosed garage parking Mature landscaping and garden areas Stable tenancy Approximately 20,000 SF lot Attractive 80% two-bedroom / 20% one-bedroom unit mix With its long ownership history, desirable unit mix, substantial lot size, garage parking, and potential for rental upside, this is a rare opportunity to acquire a multifamily asset in a market where properties with more than five units trade infrequently.

218 W Hellman, Monterey Park

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