812 W Fernfield DR Active Save Request In-Person Tour Request Virtual Tour
Monterey Park,CA 91754
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,640 sqft
Price per Sqft $792
MLS Listing ID 25493817
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1950
Lot Size 9,879 Sqft
Property Sub-Type Single Family Residence
Property Description
Prime Investment & Development Opportunity in Monterey Park. Unlock the full potential of this rare corner-lot property in the highly sought-after city of Monterey Park, perfect for savvy investors, developers, and income-focused buyers. This exceptional offering includes approved plans for two additional units: a 3-bed, 2-bath second unit and a 2-bed, 2-bath ADU, making it a fully entitled, shovel-ready project. The existing structure is a well-maintained 4-bedroom, 2-bath single-family home, providing immediate rental income while you build. Once completed, the property will feature three separate units ideal for maximizing cash flow, 1031 exchange opportunities, or long-term appreciation. Whether you're looking to: Live in one unit and rent the othersCreate a high-yield multi-unit portfolio piece, or Take advantage of Monterey Park's strong rental demand, this property offers a powerful combination of location, entitlement, and income potential. Don't miss this rare opportunity to invest, develop, and generate lasting returns in one of Los Angeles County's most desirable rental markets.
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Zoning MPR1*
Interior
Heating Central
Cooling Central Air
Flooring Tile,Wood
Fireplaces Type Living Room
Furnishings Unfurnished
Fireplace Yes
Appliance Built-In
Laundry Inside
Exterior
Parking Features Door-Multi,Garage,Gated
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Gated
View Y/N No
View None
Total Parking Spaces 6
Private Pool No
Building
Story 1
Entry Level One
Sewer Other
Water Public
Architectural Style Traditional
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5266024063
Security Features Gated Community
Acceptable Financing Cash,Conventional,FHA,Government Loan,VA Loan
Listing Terms Cash,Conventional,FHA,Government Loan,VA Loan
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard