218 North MC Pherrin Avenue North Open House Save Request In-Person Tour Request Virtual Tour
Monterey Park,CA 91754
OPEN HOUSE
Sat Sep 20, 1:00pm - 3:00pm Sun Sep 21, 1:00pm - 3:00pm
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
Interior
Cooling Central Forced Air,Dual
Laundry Gas
Exterior
Parking Features Garage
Garage Spaces 2.0
View Y/N Yes
Building
Story 2
Sewer Public Sewer
Water Public
Others
Special Listing Condition Standard