Rare Income Investment Opportunity located in the heart of Monterey Park City! This 18,920 SqFt Lot features 7 single-story townhome-like apartment units. Features: One (1) 2B/2Bath w/private driveway, fenced back patio & front lawn, brand new 3 car parking garage (can park up to 8 cars); and Six (6) 1B/1Bath Large units each with its own 2 parking spaces, washer/dryer hook-ups, and Mini AC splits (Cooling & Heating). Additional bonuses: recent upgrades to copper plumbing, new sewer system, and brand-new pavers to the entire property. Each unit is individually metered. Four (4) of the units have been completely remodeled. Residents enjoy the convenience of this location, with walkable distance to retail amenities, the Atlantic Time Square and proximity to the 10 Fwy and downtown L.A! The property’s excellent location with minimal maintenance makes a prime investment opportunity for a value-add strategy to deliver above average returns. Other Highlights: Opportunity 423 N Chandler is a 7-unit multifamily investment opportunity situated North of Atlantic in the highly sought-after city of Monterey Park: Rare offering – The sale of 423 N Chandler marks a rare opportunity to acquire in one of Southern California’s premium submarkets. This is one of the large lot currently offered for sale in Monterey Park city. Pride of Ownership Asset – Trophy investment situated on ±18,920 SqFt with incredible walkable distance to the Atlantic Time Square. Upside in Income – Due to strong rental demand in Monterey Park city, an investor has an opportunity to increase the gross income by updating unit interiors and have the potential of turning them into lucrative Airbnb rentals. Legacy Opportunity – This is the first time 423 N Chandler has been offered for sale in more than 20 years. The property’s location, rental demand, and embedded value make it a strong acquisition opportunity.
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