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$ 1,598,000
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218 North MC Pherrin Avenue North Monterey Park, CA 91754
5 Beds
4.5 Baths
3,131 SqFt
Open House
Sun Sep 21, 1:00pm - 4:00pm
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,131 sqft
Price per Sqft $510
MLS Listing ID WS25218416
Bedrooms 5
Full Baths 4
Half Baths 1
Year Built 2005
Property Sub-Type Detached
Property Description
Custom-Built Luxury Home Perfect for Investment or Owner-Occupancy, Dont Miss Out! 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
Direction North MC Pherrin crossing Avondale Ave
Interior
Interior Features Balcony, Pantry
Cooling Central Forced Air, Dual
Fireplace No
Appliance Dishwasher, Microwave, Electric Oven
Laundry Gas
Exterior
Parking Features Garage
Garage Spaces 2.0
View Y/N Yes
Water Access Desc Public
Accessibility No Interior Steps
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Tax ID 5256014039
Special Listing Condition Standard
Listed by Qingde Liu Mayland Realty
