Monterey Park (641) Homes with Apartment Subtype

Welcome to Monterey Park, a vibrant city nestled in the heart of Los Angeles County, California. Known for its rich cultural diversity and thriving community, Monterey Park offers a unique blend of suburban charm and urban convenience. With its proximity to downtown Los Angeles, residents enjoy easy access to a wide array of shopping, dining, and entertainment options, all while being surrounded by the picturesque beauty of the San Gabriel Valley.

Monterey Park is particularly renowned for its welcoming neighborhoods, making it an ideal place for families and professionals alike. The area boasts a variety of housing options, including charming single-family homes and modern apartments. For those seeking the perfect blend of comfort and convenience, homes with apartment subtypes are a fantastic choice. These residences often feature spacious layouts, contemporary amenities, and the added benefit of community living, making them perfect for individuals, couples, or small families.

The city is also home to excellent schools, lush parks, and a strong sense of community, making it a desirable location for those looking to settle down. Whether you’re enjoying a leisurely stroll through one of the many local parks or savoring authentic cuisine in one of the diverse eateries, Monterey Park offers a lifestyle that is both enriching and fulfilling.

Explore the possibilities of calling Monterey Park home, where vibrant culture meets modern living. With its appealing homes and convenient location, this charming city is ready to welcome you into its thriving community!

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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