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502 W Graves Avenue

Monterey Park, CA 91754
  • $890,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: WS23167623
UPDATED: 64 min ago
$890,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Listing Agent(s): Doresa Wang of Palm International Real Estate Inc. (626-298-1267)


Description

Charming investment or self-living property in a great Monterey Park location (within Mark Keppel High School boundary). The front house has 2 bedrooms and 1.5 bathrooms with a laundry room and an attached garage. The detached back house has 2 small bedrooms and one bathroom. The front unit has a better condition than the back unit. Tenant pays electricity and gas, landlord pays water and trash. Total living area is 1,516 sqft in a 6,015 sqft lot per County Assessor data. It is on a hillside and has a beautiful overlook view; also it may have ADU potential, please check with City. It is closed to everything which daily life required, easy access to Freeway 10, 60, 710, and only 6 miles away to Downtown LA. It is a value-add real estate asset for either an investor or a homeowner. The property need some works and will be sold in "As-Is condition. Drive by only, do not disturb/talk to tenants. Offer subject to interior inspection.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-21T07:41:09.35. 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 The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/143189481
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502 W Graves Avenue Monterey Park, CA 91754

  • Price: $890,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 64 min ago
  • MLS #: WS23167623
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1925
Built
Neighborhood:
641 - Monterey Park
County:
Los Angeles
Area:
641 - Monterey Park
Property Description
Charming investment or self-living property in a great Monterey Park location (within Mark Keppel High School boundary). The front house has 2 bedrooms and 1.5 bathrooms with a laundry room and an attached garage. The detached back house has 2 small bedrooms and one bathroom. The front unit has a better condition than the back unit. Tenant pays electricity and gas, landlord pays water and trash. Total living area is 1,516 sqft in a 6,015 sqft lot per County Assessor data. It is on a hillside and has a beautiful overlook view; also it may have ADU potential, please check with City. It is closed to everything which daily life required, easy access to Freeway 10, 60, 710, and only 6 miles away to Downtown LA. It is a value-add real estate asset for either an investor or a homeowner. The property need some works and will be sold in "As-Is condition. Drive by only, do not disturb/talk to tenants. Offer subject to interior inspection.
Exterior Features

Entry Level 2 Entry Location Front Door Lot Features Sloped Up Number Of Separate Electric Meters 2 Open Parking Spaces 2 Parking Total 3 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 21480 Gross Scheduled Income 21480 Insurance Expense 1250 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 6570 New Construction YN No New Taxes Expense 12460 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 1 Operating Expense 14910 Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Total Actual Rent 21480 Trash Expense 600 Water Sewer Expense 600 Water Source Public Zoning Mpr1*



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-21T07:41:09.35. 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 The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Doresa Wang of Palm International Real Estate Inc. (626-298-1267)