Prime Investment & Development Opportunity in Monterey Park. Unlock the full potential of this rare corner-lot property in the highly sought-after city of Monterey Park, perfect for savvy investors, developers, and income-focused buyers. This exceptional offering includes approved plans for two additional units: a 4-bed, 3-bath second unit and a 2-bed, 2-bath ADU, making it a fully entitled, shovel-ready project. The existing structure is a well-maintained 4-bedroom, 2-bath single-family home, providing immediate rental income while you build. Once completed, the property will feature three separate units ideal for maximizing cash flow, 1031 exchange opportunities, or long-term appreciation. Whether you’re looking to: Live in one unit and rent the others, Create a high-yield multi-unit portfolio piece, or Take advantage of Monterey Park’s strong rental demand, this property offers a powerful combination of location, entitlement, and income potential. Don’t miss this rare opportunity to invest, develop, and generate lasting returns in one of Los Angeles County’s most desirable rental markets.
Property Details
Price:
$1,299,000
MLS #:
25493817
Status:
Active
Beds:
4
Baths:
2
Address:
812 W Fernfield Drive
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
641montereypark
City:
Monterey Park
Listed Date:
Feb 3, 2025
State:
CA
Finished Sq Ft:
1,640
ZIP:
91754
Lot Size:
9,880 sqft / 0.23 acres (approx)
Year Built:
1950
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Schools
Interior
Appliances
Built- In
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Wood, Tile
Heating
Central
Laundry Features
Inside
Exterior
Architectural Style
Traditional
Parking Features
Garage – Two Door, Gated
Parking Spots
6.00
Security Features
Gated Community
Financial
Map
Community
- Address812 W Fernfield Drive Monterey Park CA
- Area641 – Monterey Park
- CityMonterey Park
- CountyLos Angeles
- Zip Code91754
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812 W Fernfield Drive
Monterey Park, CA
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