Tour
More
1 / 32
2 / 32
3 / 32
SOLD 10/27/2020
910 E Newmark Avenue, Monterey Park, CA 91755
2
beds
1
bath
· 24744
ft2 lot
$2,330,000
Listing provided courtesy of Listing Broker: Scott Tamkin, Compass.
Source CRMLS.
We are pleased to present 910 E. Newmark, a 7-unit apartment complex in prime Monterey Park. Constructed in 1949, the property consists of four (4) separate buildings featuring (7) 2 Bedroom/1 Bathroom units. All units are single story apartment units. Situated on a huge 24,744 square foot lot zoned MPR3 (High-Density Residential), this is one of the few potential future development opportunities left in the area. There are 4 garage spots and multiple open parking spaces. 910 E. Newmark is in very close proximity to downtown Monterey Park and surrounding cities. Monterey Park is known for world famous Chinese, Thai, and other Asian cuisines. Dont miss this incredible opportunity to redevelop this large lot or improve rents.
HOA
$—/month
On market
7 days
Year built
1949
Property type
Multi-Family
Parking
8
MLS
20634390
Price / Sq.Ft.
ft2
Status
Closed
Flyhomes Cash Offer
Based on a price of $2,100,000
Rebate:
Cash Offer Costs:
Net Rebate:
Negotiating Power:
Flyhomes Cash Offer
$0
$0
+$408/day
$0
Best
Flyhomes Guaranteed Offer
$10,500
- -
$10,500
Better
Discount Brokerage
$8,110
not offered
$8,110
Average
Traditional Brokerage
$0
not offered
$0
Variable
Legal Disclaimer: The Savings Calculator is intended for planning and educational purposes only, and should not be solely relied upon in your decision to participate in Flyhomes’ Cash Offer or other programs.Read more
Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: See Remarks
•   
Appliances: Refrigerator
•   
Has Appliances
•   
Laundry: 1
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Driveway, Assigned, Guest
•   
Garage Spaces: 8.00
Lot Info
•   
Zoning: MPR3*
•   
Lot Features: Value In Land, Back Yard, Lawn, Flag Lot
•   
Lot Size Acres: 0.5600
•   
Lot Size Area: 24744.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 4
•   
Total Units: 7
Property Type
•   
Architectural Style: Bungalow
Property Features
•   
Property Condition: Fixer
Building Info
•   
Stories Total: 1
Listing Details, Costs & Financing Information
Financial Info
•   
Tenant Pays: Electricity, Gas
•   
Gross Operating Income: 71820.00
•   
Vacancy Allowance Rate: 0.00
•   
Total Expenses: 35394.00
•   
Gross Multiplier: 11.24
•   
Taxes Percent: 1.25
Tax/Assessment Info
•   
Gross Income: 75600.00
•   
Tax Year: 2020
•   
Taxes: 29514.0
Lease Info
•   
Net Operating Income: 36425.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 7
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 900.00
•   
Unit 1 Total Rent: 900.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
Location
•   
Directions: South of Garvey Ave, West of New Ave.
Other
Calculation
•   
Dom: 7
•   
Cdom: 7
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 08, 2021 3:02pm
Neighborhood snapshot
20
Properties for sale
11
Median days on market
$416.67
Median sold price/sqft
102.25%
Sold/List %
walk-icon}
walk score® :
transit-icon}
transit score® :
bike-icon}
bike score® :
Property History
10/27/2020
10/27/2020
CRMLS #20634390
sold
CRMLS #20634390
$2,100,000
--9.87%
10/26/2020
10/26/2020
Public Record
sold
Public Record
$2,330,000
+10.95%
09/17/2020
09/17/2020
CRMLS #20634390
active
CRMLS #20634390
$2,100,000
+40.00%
06/02/2016
06/02/2016
Public Record
sold
Public Record
$1,500,000
+233.33%
09/28/1988
09/28/1988
Public Record
sold
Public Record
$450,000
+547.48%
See more property history
Nearby Similar Homes
street view
$1,750,000
448 N California Street
San Gabriel, CA 91775
3 bed
3 bath
2810
 ft²
 · 
13490
 ft²  lot
Products
BrokerageMortgageToursTitle & Escrow
Download the Flyhomes App
Equal Housing Opportunity
By searching, you agree to the Terms of Use and Privacy Policy.
California DRE #02012110

1 Homes are subject to our approval and must be listed within an MLS in the areas that Flyhomes operates. Homes are subject to inspections and other limitations.
Flyhomes © 2021