315 N New Avenue Monterey Park, CA
$ 3,680,000
Property Attributes
  • MLS#WS21072776
  • TypeCommercial
  • CityMonterey Park
  • AreaMonterey Park
  • Zip91755
  • StyleMulti Family
  • Price$ 3,680,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1203
  • Lot Size7,515 SqFt
Listing Provided Courtesy Of:
WILLIAM WEI with Pinnacle Real Estate Group - 909-731-7689
Data Source:
California Regional MLS (CRMLS) - 25 - CA
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. 2 adjacent lots (APN 5258-007-068, 5258-007-067) plus 1 corner lot (APN 5286-016-046) 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 Description 5258007068, 5286016046
Business Type Child Care, Variety
Co-Listing Agent State License # 01790761
Co-listing Agent ELAINE TRAN - BRE#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
Status Active
Terms Cash, Cash to New Loan, 1031 Exchange
Zoning R3

Interior Features

Laundry Features None

Exterior Features

Lot Features 2-5 Units/Acre, Rectangular Lot
Lot Size Acres 0.17
Lot Size Area 7515
Lot Size Source Assessor
Lot Size Square Feet 7515
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
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 91755

AVG $2.49M
AVG 191
Year Built
AVG 1943
AVG 82
Data Provided by Walkscore ® not using MLS data

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