Skip To Content

    643 El Mercado Avenue

    Monterey Park, CA 91754
    • $2,950,000
    • STATUS: Active
    • ON SITE: 61 days
    • ID#: CV21027081
    UPDATED: 42 min ago
    $2,950,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,978
      SQFT
    • $493
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    1st time on the market in 60 years! Located in one of the most desirable areas of Monterey Park, on the corner of El Portal and El Mercado. These 10 units are all single story and have been meticulously maintained. Beautiful mission style units with desirable courtyard living. Each unit has a wood burning fireplace, open beam ceilings & separate living area and bedroom space. The tenants will enjoy on site parking for 8 of the units. There are four 2 car garages with some storage space. There is also a separate laundry room. Located in a residential neighborhood, across the street from Monterey Park's historic Chamber of Commerce building.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-18T00:26:25.35. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/114253415
    Print Image

    643 El Mercado Avenue Monterey Park, CA 91754

    • Price: $2,950,000
    • Status: Active
    • Updated: 42 min ago
    • ID#: CV21027081
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    5,978
    SQFT
    $493
    $/SQFT
    1948
    Built
    Neighborhood:
    641 - Monterey Park
    County:
    Los Angeles
    Area:
    641 - Monterey Park
    Property Description
    1st time on the market in 60 years! Located in one of the most desirable areas of Monterey Park, on the corner of El Portal and El Mercado. These 10 units are all single story and have been meticulously maintained. Beautiful mission style units with desirable courtyard living. Each unit has a wood burning fireplace, open beam ceilings & separate living area and bedroom space. The tenants will enjoy on site parking for 8 of the units. There are four 2 car garages with some storage space. There is also a separate laundry room. Located in a residential neighborhood, across the street from Monterey Park's historic Chamber of Commerce building.
    Exterior Features

    Lot Features Lawn Number Of Separate Electric Meters 10 Parking Features Assigned Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes Roof Composition Spa Features None Spa YN No

    Interior Features

    Common Walls 2+ Common WallsNo One AboveNo One Below Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Heating Wall Furnace Heating YN Yes

    Property Features

    Additional Parcels YN No Cap Rate 3 Common Interest None Community Features CurbsSidewalks Contingency Sellers Successful 1031 Exchange into New Property.Seller May Consider Carrying The First Td With Proper Terms And Not Do The 1031 Exchange. Electric Expense 264 Fuel Expense 186 Garage YN Yes Gross Income 450 Gross Scheduled Income 110400 Insurance Expense 2621 Land Lease YN No Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Maintenance Expense 4100 Net Operating Income 86963 New Construction YN No New Taxes Expense 40000 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Number Of Units Leased 10 Operating Expense 23437 Pest Control Expense 360 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Tenant Pays Cable TvElectricityGasWater Trash Expense 1500 Water Sewer Expense 3830 Water Source Public Zoning Mpr1cd*

    Listing provided courtesy of Mark Peterson of Re/Max Masters Realty and Jill Peterson of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-18T00:26:25.35. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365194360-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365194360-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365194360-1.jpg
    Logo
    Team Forss Realty Group
    31213 Temecula Parkway
    Temecula CA, 92592