812 W Fernfield DR Active Save Request In-Person Tour Request Virtual Tour
Monterey Park,CA 91754
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,640 sqft
Price per Sqft $823
MLS Listing ID 25493817
Bedrooms 4
Full Baths 2
Year Built 1950
Lot Size 9,879 Sqft
Property Sub-Type Single Family Residence
Property Description
An exceptional development opportunity in one of Los Angeles' most coveted neighborhoods , Monterey Park. Nestled on a tranquil street, this rare property comes with RTI-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!
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Zoning MPR1*
Interior
Heating Central
Cooling Central Air
Flooring Tile,Wood
Fireplaces Type Living Room
Laundry Inside
Exterior
Parking Features Door-Multi,Garage,Gated
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Gated
View Y/N No
View None
Building
Story 1
Sewer Other
Water Public
New Construction No
Others
Acceptable Financing Cash,Conventional,FHA,Government Loan,VA Loan
Listing Terms Cash,Conventional,FHA,Government Loan,VA Loan
Special Listing Condition Standard