The property offers a nice unit mix of 2 bedroom and 1 bedroom units totaling 2,115 square feet on a large MPR3 zoned 11,457 square foot lot. With current zoning, a new owner will have the option to build an additional four units on the site or redevelop the site to provide a total unit count of seven new units by-right (Buyer to verify with the City of Monterey Park). Currently, the site is served with garage and open parking spaces which allows for plenty of parking for tenants. With open space, an owner can become creative and provide high end common area improvements which would attract higher paying tenants. Furthermore, the current ownership does not provide common area laundry facilities which opens up a potential investor the ability to open another income stream
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