Monterey Park, CA 91755 425 N Rural Drive

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Presented By: LAN XIAO with RE/MAX ELITE REALTY; 626 589-3179
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# WS24230378
  • 11/08/2024
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 10
  • Baths • 6
  • SQFT • 3,572
  • Garage • 2

Home Details

Wow, A Wonderful Multiple Units + ADU in the Center of Monterey Park! The gated property with the Zoning of MPR3* , spanning a huge lot of 9,110 SqFt and a generous living area of 3,572 SqFt, provides an excellent opportunity for an investor and/or as an owner with unbeatable income. The Front Unit on the second floor with an external staircase, offers 3 decent sized bedrooms and 1 bathrooms, a spacious living room open to a dining room, a kitchen, and two car garage on the first floor. The Middle Unit boasts 4 bedrooms and 3 bathrooms, featuring an open floor plan, a large living room connected to the dining area, kitchen with granite countertops, stainless appliances, pantry family room, and its private gardening yard. The Back Unit is the newly completed ADU on the rear, a suite with its private bathroom, and 2 bedrooms sharing a full bathroom, two car garage. The property provides 3 separate electric meters, 3 gas meters, and 3 post boxes, each unit with its laundry, central air conditioning, wall unit ac, tankless water heaters, and solar panels for ADU. More features including upgraded bathrooms, remodeled kitchens, upgraded hardwood and tile flooring, recessed lights, dual pane windows, cement ground on back and side yard easy to maintain, beautiful front yard garden, and more parking spaces on the front yard and the corner street. Prime location, walking distance to top rated Mark Keppel High School, with all the conveniences to school, public transportation, markets, and numerous gourmet restaurants. Easy access to the I- 10 and 710 freeways, enjoy the dynamic of DTLA, Monterey Park, Alhambra, and the best gourmet foods for you to choose. Minutes’ drive to AMC theater at Atlantic Square, close to Sierra Vista Park, TS Emporium, 99 Ranch Market, bus stations, and medical facilities. Take your chance to make this spectacular Monterey Park property your new home or investment to collect for rent! It won’t last!
Presented By: LAN XIAO with RE/MAX ELITE REALTY; 626 589-3179

Interior Features for 425 N Rural Drive

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate, Tile, Vinyl, Wood
Heating Y/NYes
Interior AmenitiesCeilingFans, HighCeilings, Pantry, QuartzCounters, RecessedLighting, AllBedroomsDown, BedroomOnMainLevel, MainLevelPrimary, PrimarySuite, WalkInPantry, WalkInClosets
Laundry FeaturesLaundryRoom
Total Stories1
Window FeaturesDoublePaneWindows

Other Rooms

Entry Level1

General for 425 N Rural Drive

Additional Parcels Y/NNo
AppliancesGasRange, TanklessWaterHeater
Architectural StyleContemporary
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.0
Carport Y/NNo
CityMonterey Park
Community FeaturesSidewalks
CoolingCentralAir, WallWindowUnits
CountyLos Angeles
DirectionsSouth of Hellman Ave, East of Garfield Ave.
Electric Expense0.0
Electric On Property Y/NNo
Energy EfficientAppliances, Insulation, Lighting
Entry Location1
Fuel Expense0.0
Garage Spaces2.0
Garage Y/NYes
Green Energy GenerationSolar
Gross Income150000.0
HOANo
HOA Fee$0.0
HeatingCentral
Home Warranty Y/NNo
Insurance Expense2536.6
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToExistingLoan, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet9110.0
Lot Size UnitsSquareFeet
MLS Area641 - Monterey Park
MaintenanceExpense40000.0
MobileHomeRemainsYNNo
Net Operating Income101464.4
New ConstructionNo
Number Of Units Total3
Number of Units Leased0
Operating Expense48535.6
Pool FeaturesNone
Property Attached Y/NNo
Property ConditionTurnkey
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofShingle
Security FeaturesSecurityGate
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot24
Tenant PaysAllUtilities
Total Actual Rent12500.0
Trash Expense1200.0
UtilitiesElectricityAvailable, PhoneAvailable
Water Sewer Expense4800.0
Waterfront Y/NNo
Year Built1929
Year Built SourceAppraiser
ZoningMPR3*

Exterior for 425 N Rural Drive

Building Area Total3572.0
Crops Included Y/NNo
FencingBlock
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesPaved, RectangularLot
Lot Size Acres0.2091
Lot Size Area9110.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters3
Open Parking Y/NNo
Parking FeaturesConcrete, Driveway, Garage
Private PoolNo
SpaNo
Total Parking7.0
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $2,530,000
MLS#WS24230378
List Date 11/08/2024
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
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