321 New Ave, Monterey Park, CA 91755

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321 New Ave, Monterey Park, CA 91755
321 New Ave, Monterey Park, CA 91755
321 New Ave, Monterey Park, CA 91755
321 New Ave, Monterey Park, CA 91755
321 New Ave, Monterey Park, CA 91755
321 New Ave, Monterey Park, CA 91755
321 New Ave, Monterey Park, CA 91755
321 New Ave, Monterey Park, CA 91755
321 New Ave, Monterey Park, CA 91755
321 New Ave, Monterey Park, CA 91755
321 New Ave, Monterey Park, CA 91755
321 New Ave, Monterey Park, CA 91755
321 New Ave, Monterey Park, CA 91755
321 New Ave, Monterey Park, CA 91755
321 New Ave, Monterey Park, CA 91755

Property Details

Address
321 New Ave, Monterey Park, CA 91755
Price
$2,300,000
# of Units
7
Status
Available
Building Size
6,180 SF
Price/Unit
$328,571
CAP Rate
4.36%
Year Built
1963
GRM
16.07
Type
Apartment
Lot Size
8,492 SF
Price/SF
$372

Property Information

Rare opportunity! First time on the market since 1984! 321 New Ave is a 7 unit multifamily building with 2 x (3 Bed + 1.5 Bath units) and 5 x (2 Bed + 1 Bath units) all separately metered for electric and gas. This property sits on a flat 8,492 SF lot and has 9 parking spaces (4 covered + 5 open). Laundry onsite and each unit has their individual storage units. Currently 4 units are occupied and 3 units are vacant. Easy access to 10 FWY and 60 FWY. Money Magazine (Time Money) ranks Monterey Park #3 “Best Places to Live” in the enire United States. Money Magazine used scoring based on the cities’ economy, cost of living, education, housing, crime, amenities and ease of living.

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