308 N New Avenue Monterey Park, CA
$ 3,680,000
Property Attributes
  • MLS#WS21072804
  • TypeCommercial
  • CityMonterey Park
  • AreaMonterey Park
  • Zip91755
  • StyleMulti Family
  • Price$ 3,680,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size3,832 SqFt
Listing Provided Courtesy Of:
WILLIAM WEI with Pinnacle Real Estate Group.
Data Source:
Property Description

Investment Highlight: Ideal for owner operator Located in the heart of highly desired area Highly profitable business Special zoning use Redevelopment opportunity Seller retiring after 30 years in business Executive Summary: Rare R3 zoned single story property. 1 corner lot (APN 5286-016-046) plus 2 adjacent lots (APN 5258-007-068, 5258-007-067) across the street. Seller is retiring after running this successful pre-school at this location for 30 years. Seller is selling the business personal properties and the real estate together. This portfolio of properties has a lot of potential with current business or redevelopment. This is truly a great opportunity not to miss.

Price History
4/7/2021 Listed $3,680,000

General Features

Additional Parcels Y/N Yes
Business Type Child Care, Variety
Co-Listing Agent State License # 01790761
Listing Agent WILLIAM WEI - BRE#01937762
Listing Agent State License 01937762
MLS Area 641 - Monterey Park
Property Sub Type Additional Multi Family
Property SubType Multi Family
Property Type Commercial Sale
Special Listing Conditions Standard
Terms Cash, Cash to New Loan, 1031 Exchange

Interior Features

Laundry Features None

Exterior Features

Lot Features 2-5 Units/Acre, Rectangular Lot
Lot Size Acres 0.09
Lot Size Area 3832
Lot Size Source Assessor
Lot Size Square Feet 3832
Lot Size Units Square Feet
Number of Buildings 1
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91755

AVG $2.24M
AVG 86
Year Built
AVG 1942
AVG 79
Data Provided by Walkscore ® not using MLS data

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