An exceptional development opportunity in one of Los Angeles's most coveted neighborhoods, Monterey Park. Nestled on a tranquil street, this rare property comes with approved plans for two additional units: a second unit featuring 3 bedrooms and 2 baths, and an ADU with 2 bedrooms and 2 baths. A turnkey project for investors, developers, and builders, this property offers the potential to create an architectural masterpiece with strong returns. The existing residence is a charming 4-bedroom, 2-bath single-family home situated on a spacious corner lot, providing ample space for all three structures. Whether you're looking to expand your real estate portfolio, create a multi-generational living arrangement, or generate rental income, this property offers limitless potential. With the flexibility to live in one unit while leasing the others or to capitalize on the rising demand for multi-family housing, this Monterey Park gem is an unparalleled investment opportunity. Don't miss your chance to develop, invest, and thrive in one of the city's most desirable locations!
Days on market: 80
Listing updated: April 24, 2025 - 10:16:04
Listed by: Walter Castillo DRE #01141632 323-464-9272, Coldwell Banker Realty - Beverly Hills/Greater LA
Source: Beverly Hills/Greater LA, MLS#: CLW-L2000374 Originating MLS: CRMLS
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