Custom-Built Luxury Home – Perfect for Investment or Owner-Occupancy, Don’t 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!
Sold for $1,620,000
Listed by: Mayland Realty • Qingde Liu • 909-529-8888
Bought with: Pinnacle Real Estate Group
Tax assessed value
$1,620,000
218 N McPherrin Ave, Monterey Park, CA 91754
5beds
3,131sqft
Single Family Residence
Built in 2005
7,207 Square Feet Lot
$1,616,300 Zestimate®
$517/sqft
$5,218 Estimated rent
Home value
$1,616,300
$1.45M - $1.79M
$5,218/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Qingde Liu 909-529-8888,
Mayland Realty
Bought with:
JING FAN, DRE #02091169
Pinnacle Real Estate Group
Source: CRMLS,MLS#: WS25218416
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 1
Rooms
- Room types: Bonus Room, Family Room, Kitchen, Laundry, Loft, Living Room, Primary Bathroom, Primary Bedroom, Other, Pantry
Primary bedroom
- Features: Multiple Primary Suites
Primary bedroom
- Features: Main Level Primary
Bathroom
- Features: Bathtub, Separate Shower, Tub Shower
Cooling
- Central Air, Dual
Appliances
- Included: Built-In Range, Dishwasher, Electric Oven, Gas Water Heater, Microwave
- Laundry: Gas Dryer Hookup, Inside, Laundry Room
Features
- Balcony, High Ceilings, Pantry, Loft, Main Level Primary, Multiple Primary Suites, Walk-In Pantry, Walk-In Closet(s)
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 3,131 sqft
Property
Parking
- Total spaces: 2
- Parking features: Concrete, Driveway, Garage Faces Front, Garage
- Garage spaces: 2
Accessibility
- Accessibility features: No Stairs
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
Lot
- Size: 7,207 Square Feet
- Features: 2-5 Units/Acre
Details
- Parcel number: 5256014039
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 2005
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Street Lights, Sidewalks, Urban
Location
- Region: Monterey Park
Financial & listing details
- Price per square foot: $517/sqft
- Tax assessed value: $1,620,000
- Date on market: 9/16/2025
- Cumulative days on market: 3 days
- Listing terms: Cash,Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 10/22/2025 | Sold | $1,620,000-1.8%$517/sqft |
Source:  CRMLS #WS25218416 Report a problem | ||
| 11/1/2024 | Sold | $1,650,000$527/sqft |
Source: CRMLS #WS24206979 Report a problem | ||
| 10/31/2024 | Pending sale | $1,650,000$527/sqft |
Source: CRMLS #WS24206979 Report a problem | ||
| 10/25/2024 | Contingent | $1,650,000$527/sqft |
Source: CRMLS #WS24206979 Report a problem | ||
| 10/17/2024 | Listed for sale | $1,650,000$527/sqft |
Source: CRMLS #WS24206979 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,620,000 -1.8% |
| 2025 | $21,689 +119.2% | $1,650,000 +124.2% |
| 2024 | $9,895 +2% | $735,909 +2% |
| 2023 | $9,698 +4.9% | $721,480 +2% |
| 2022 | $9,241 +1.3% | $707,334 +2% |
| 2021 | $9,123 +0.6% | $693,466 +1% |
| 2020 | $9,070 | $686,356 +2% |
| 2019 | $9,070 +3.3% | $672,899 +2% |
| 2018 | $8,783 | $659,706 +2% |
| 2017 | $8,783 +1.2% | $646,772 +2% |
| 2016 | $8,680 +7.2% | $634,091 +1.5% |
| 2015 | $8,095 +3% | $624,568 +2% |
| 2014 | $7,858 | $612,334 +2.5% |
| 2012 | -- | $597,616 +2% |
| 2011 | -- | $585,899 +0.8% |
| 2010 | -- | $581,521 -0.2% |
| 2009 | -- | $582,903 +2% |
| 2008 | -- | $571,474 +2% |
| 2007 | -- | $560,270 +2% |
| 2006 | -- | $549,285 +91.9% |
| 2005 | -- | $286,285 +18.8% |
| 2004 | -- | $241,031 +12.5% |
| 2003 | -- | $214,200 +26.7% |
| 2002 | -- | $169,000 +9.7% |
| 2000 | -- | $154,000 |
Find assessor info on the county website
Neighborhood: 91754
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Nearby schools
GreatSchools rating
- 8/10Ynez Elementary SchoolGrades: K-8Distance: 0.2 mi
- 9/10Mark Keppel High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- High: Mark Keppe
Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,616,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,616,300
- California
- Los Angeles County
- Monterey Park
- 91754
- 218 N McPherrin Ave
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