SOLD 03/19/2024
Photos
About
Details
Nearby major retailers
Interior Features
Listed by
Buyer agent
Payment calculator
Lot details
Neighborhood
Price history
Taxes
Similar commercial for sale
Recently sold commercial
Recently sold properties
Similar properties for sale
Request more info
FAQ
Map View
Commercial sold for $1,720,000 in 174 days
505 N New Ave Monterey Park, CA, 91755
Off the market Other
AMAZING INVESTOR OPPORTUNITY IN A SUPERB LOCATION IN MONTEREY PARK! This is a well maintained hard to find 6-unit property located in the heart of Monterey Park, close to everything! Property has been managed by a professional management company and consists of one unit with 1 bedroom & 1 bathroom, four units with 2 bedrooms & 1 bathroom, and one unit with 3 bedrooms & 2 bathrooms. The property consists of two buildings, with 4 units in the front building and 2 units in the single story rear building(five units downstairs and one unit upstairs). Paved drive-way and assigned parking space for each unit. This is a rare opportunity for an investor seeking a steady flow of rental income. Close to Atlantic Square and Monterey Park downtown. Convenient to Schools, supermarket, 99-Ranch store, Hong Kong market, gym, restaurants, banks, and transportation. Property to be "sold as is". Drive-by only. Offer subject to interior inspection. Don't miss this incredible opportunity!
Read more
Property details
4,380 sqft interior area
View
None
Land area
10,742 sqft (0.25 acres)
Address
505 N New Ave, Monterey Park, CA, 91755
City of California
Monterey Park
County
Los Angeles
Year Built
1947
District
Listing
Nearby major retailers
Costco
Trader Joe's
BMW
Albertsons
Aldi
Walmart Supercenter
T-Mobile
Wholesale: 2
Supermarket: 6
Car: 1
Mobile phone: 1
Show more
Interior Features
—
Garage & Parking
Assigned
Listed by
Sharon Liu, Re/Max Premier Prop Arcadia
Name
Sharon Liu
License number
01720175
Brokerage company
Re/Max Premier Prop Arcadia
MLS #
CRAR23179304
Buyer agent
Name
Benjamin Lin
Brokerage company
1000 Realty Corporation
Payment calculator
Calculate your monthly payments
Mortgage
$5,281
Taxes
$0
HOA dues
$0
Mortgage
$344,000 / 20%
2.28%
30 years
Your amount
$5,281 / month
Lot details
TMK #5258012023
Lot Description
Other, Back Yard, Front Yard, Paved
Parcel nr.
5258012023
91755 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
—
no data
People living in 91755
36%
Families with children
National average: 39%
25%
Non family households
417,300
Population
$78,742
Average Income
Age & gender
Median age 41 years
More info
Commute types
89% commute by car
More info
Education level
25% have high school education
More info
Number of employees
2% work in education and healthcare
More info
Vehicles available
38% have 2 vehicle
More info
Vehicles by gender
38% have 2 vehicle
More info
Housing market insights for
$1.09m
Neighborhood average
sales price*
sales price*
$928.67k
Neighborhood median
sales price*
sales price*
423
Number
of sales*
of sales*
Housing type
52% are single detacheds
More info
Rooms
47% of the houses have 4 or 5 rooms
More info
Bedrooms
68% have 2 or 3 bedrooms
More info
Owners vs Renters
53% are renters
More info
14.17 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Mar 19, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Mar 19, 2024 | Sold | $1,720,000 | 0 | Public Record |
| Mar 19, 2024 | Price Decrease | $1,720,000 -9.47% | 0 | MLS #CRAR23179304 |
| Dec 18, 2023 | Pending | $1,900,000 | 0 | MLS #CRAR23179304 |
| Nov 6, 2023 | Under contract | $1,900,000 | 0 | MLS #CRAR23179304 |
| Oct 8, 2023 | For sale | $1,900,000 | 0 | MLS #CRAR23179304 |
| Oct 5, 2023 | Temporarily Withdrawn | $1,900,000 | 0 | MLS #CRAR23179304 |
| Sep 28, 2023 | New Listing | $1,900,000 | 0 | MLS #CRAR23179304 |
Taxes of 505 N New Ave, Monterey Park, CA, 91755
MPR3 zoning / MLS #CRAR23179304
Zoning
MPR3
Similar commercial for sale
Similar homes nearby 505 N New Ave for sale
Recently sold commercial
Recently sold properties
Similar properties for sale
Request more info
By pressing SEND, you agree that Verhouse and real estate professionals may call/text you about your inquiry, which may involve use of automated means and prerecorded/artificial voices. You don’t need to consent as a condition of buying any property, goods or services. Message/data rates may apply. You also agree to our Terms of Use. Verhouse does not endorse any real estate professionals.
Frequently Asked Questions about 505 N New Ave
What is 505 N New Ave?
505 N New Ave is a Commercial/Industrial propertywith 4,380 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
505 N New Ave, Monterey Park, CA, 91755.
What comparable properties are nearby?
Comparable nearby commercial properties include 812 S Atlantic Blvd, 601 Monterey Pass Rd, 3314 Del Mar Ave, 2712 San Gabriel Blvd, 1045 S San Gabriel Blvd, 511 S Garfield Ave.
Based on information from the bridgeMLS as of 04-28-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Mar 20, 2024
Verhouse Last checked 1 minute ago
The closest grocery stores are Big Food Saver, 0.43 miles away and Quang Hoa Super Market, 0.64 miles away.
The 91755 zip area has a population of 417,300, and 36% of the families have children. The median age is 41.53 years and 89% commute by car. The most popular housing type is "single detached" and 53% is renter.
