
218 North MC Pherrin Avenue N, Monterey Park, CA 91754
Custom-Built Luxury Home – Perfect for Investment or Owner-Occupancy, Don’t Miss Out! Prime Monterey Park Location – This high-quality, custom-built luxury residence, constructed in 2005, offers 4 bedrooms, 5 bathrooms, and 3,130 sq ft of living space on a generous 7,200 sq ft lot. Features a detached oversized garage (over 600 sq ft), ideal for a low-cost ADU conversion! Elegant French Double Doors open to a grand, soaring foyer with a stunning spiral staircase, exuding luxury and sophistication. The main level boasts a spacious primary suite, while the upper level includes two en-suite bedrooms plus a versatile loft space.Low Property Taxes, No HOA Fees – Exceptional holding costs make this an outstanding choice for both investors and homeowners. Meticulously Renovated by the Seller with Premium Upgrades – Featuring a brand-new luxurious interior, this property is currently operating as a successful short-term rental (STR) with stable income. Over the past six months, average rental income has exceeded $12,000/month, with financials available upon request and consistent growth potential. Post-sale, the seller is willing to offer a high-rent lease-back arrangement.Motivated Seller! Due to business liquidity needs, the seller is reluctantly letting this property go at a $150,000 loss – a rare opportunity for a quick sale!
Bedrooms
5
Bathrooms
5
Square Feet
3,131
Lot Size
7,207 sqft
Year Built
2005
Property Type
Single Family Residence
Days on Market
3
HOA Fee
N/A
Garage Total
2
MLS #
WS25218416
Interior Features
Balcony, High Ceilings, Pantry, Loft, Main Level Primary, Multiple Primary Suites, Walk In Pantry, Walk In Closets
Accessibility
No Stairs
Appliances
Built In Range, Dishwasher, Electric Oven, Gas Water Heater, Microwave
Laundry
Gas Dryer Hookup, Inside, Laundry Room
Main Level Master
Yes
Cooling
Central Air, Dual
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Based on price, location, and features
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