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SOLD 2/24/2021
426 Sefton Avenue, Monterey Park, CA 91755
9
beds
5
baths
7398
ft2
· 25640
ft2 lot
$2,630,000
$385 / ft2
Listing provided courtesy of Listing Broker: Benjamin J. Hsiang, Realty Investment Advisors, In.
Source CRMLS.
We are pleased to present an 8 unit apartment complex in prime Monterey Park. Constructed in 1962, the property consists of four (4) separate buildings featuring one (1) 4 bedroom 2 bath unit, three (3) 3 bedroom 2 bath units and four (4) two bedroom 1 bath units. Unit 1 (4 bedroom 2 bath) and unit 3 (3 bedroom 2 bath) are two-story townhome style units. Situated on a huge 25,639 square foot lot zoned R-3 (High-Density Residential), this is one of the few potential future development opportunities left in the area. There are eight (8) single car garages and four (4) additional open parking spaces. This property is a 5 minute drive from downtown Monterey Park which includes almost 400 local businesses around the Garvey/Garfield corridor, including art boutiques, tea houses and cafes, grocery stores and restaurants serving authentic Chinese, Thai and ethnic cuisine.
HOA
$—/month
On market
2 months
Year built
1962
Property type
Multi-Family
Parking
8
MLS
20633804
Price / Sq.Ft.
$385 / ft2
Status
Closed
Flyhomes Cash Offer
Based on a price of $2,850,000
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$11,185
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$0
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Property Details
Interior Features & Layout
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
•   
Cooling Details: Wall/Window Unit(s)
Interior Size
•   
Building Area Total: 7398.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Assigned, Garage
•   
Garage Spaces: 8.00
Building Info
•   
Zoning: MPR3*
•   
Stories Total: 2
Community Info
•   
Number Of Buildings: 4
•   
Total Units: 8
Lot Info
•   
Lot Size Acres: 0.5800
•   
Lot Size Area: 25640.0000
•   
Lot Size Units: Square Feet
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 151378.00
•   
Total Actual Rent: 13005.00
•   
Total Expenses: 51961.00
•   
Gross Multiplier: 18.26
Tax/Assessment Info
•   
Gross Income: 156060.00
•   
Tax Year: 2019
•   
Taxes: 9086.0
Lease Info
•   
Net Operating Income: 99417.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 5400.00
•   
Unit 3 Total Units: 4
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 5400.00
Unit 2 Information
•   
Unit 2 Actual Rent: 5340.00
•   
Unit 2 Bedrooms: 3
•   
Unit 2 Total Units: 3
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 2
•   
Unit 2 Total Rent: 5340.00
Unit 1 Information
•   
Unit 1 Bedrooms: 4
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 2265.00
•   
Unit 1 Total Rent: 2265.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: South of Newmark Ave
Other
Calculation
•   
Dom: 65
•   
Cdom: 65
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 06, 2021 12:47pm
Neighborhood snapshot
16
Properties for sale
12.5
Median days on market
$416.55
Median sold price/sqft
102.18%
Sold/List %
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Property History
02/24/2021
02/24/2021
CRMLS #20633804
sold
CRMLS #20633804
$2,850,000
+8.37%
02/23/2021
02/23/2021
Public Record
sold
Public Record
$2,630,000
--7.72%
11/02/2020
11/02/2020
CRMLS #20633804
active
CRMLS #20633804
$2,850,000
--5.00%
09/18/2020
09/18/2020
CRMLS #20633804
active
CRMLS #20633804
$3,000,000
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