425 North Rural Drive

Monterey Park, CA 91755

$2,530,000
Price
10
Beds
6
Baths
3,572 Sq. Ft.
$708 / Sq. Ft.
3,572
Sq. Ft.
$708
per Sq. Ft.

Description

Wow, A Wonderful Multiple Units + ADU in the Center of Monterey Park! The gated property with the Zoning of MPR3THIS IS A SPECIAL DELIMITER SENTENCE. The gated property with the Zoning of MPR3THIS IS A SPECIAL DELIMITER SENTENCE , spanning a huge lot of 9,110 SqFt and a generous living area of 3,572 SqFt, provides an excellent opportunity for an investor and/or as an owner with unbeatable income. The Front Unit on the second floor with an external staircase, offers 3 decent sized bedrooms and 1 bathrooms,...Wow, A Wonderful Multiple Units + ADU in the Center of Monterey Park! The gated property with the Zoning of MPR3THIS IS A SPECIAL DELIMITER SENTENCE. The gated property with the Zoning of MPR3THIS IS A SPECIAL DELIMITER SENTENCE , spanning a huge lot of 9,110 SqFt and a generous living area of 3,572 SqFt, provides an excellent opportunity for an investor and/or as an owner with unbeatable income. The Front Unit on the second floor with an external staircase, offers 3 decent sized bedrooms and 1 bathrooms, a spacious living room open to a dining room, a kitchen, and two car garage on the first floor. The Middle Unit boasts 4 bedrooms and 3 bathrooms, featuring an open floor plan, a large living room connected to the dining area, kitchen with granite countertops, stainless appliances, pantry family room, and its private gardening yard. The Back Unit is the newly completed ADU on the rear, a suite with its private bathroom, and 2 bedrooms sharing a full bathroom, two car garage. The property provides 3 separate electric meters, 3 gas meters, and 3 post boxes, each unit with its laundry, central air conditioning, tankless water heaters, and solar panels for ADU. More features including upgraded bathrooms, remodeled kitchens, upgraded hardwood and tile flooring, recessed lights, dual pane windows, cement ground on back and side yard easy to maintain, beautiful front yard garden, and more parking spaces on the front yard and the corner street. Prime location, walking distance to top rated Mark Keppel High School, with all the conveniences to school, public transportation, markets, and numerous gourmet restaurants. Easy access to the I- 10 and 710 freeways, enjoy the dynamic of DTLA, Monterey Park, Alhambra, and the best gourmet foods for you to choose. Minutes’ drive to AMC theater at Atlantic Square, close to Sierra Vista Park, TS Emporium, 99 Ranch Market, bus stations, and medical facilities. Take your chance to make this spectacular Monterey Park property your new home or investment to collect for rent! It won’t last!
  1. Listed by LAN XIAO • DRE #01937896 • Brokerage DRE #01836555 • RE/MAX ELITE REALTY • 626 589-3179

Property Details for 425 North Rural Drive

Architectural Style
Contemporary
Parking Spaces Total
7
Private Pool
No
Cooling Type
Central Forced Air, Wall/Window
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3572

Open Houses

Sunday, Nov 17th

11:00 AM - 1:00 PM

Public

LISTING UPDATED: 11/17/2024 05:21 AM

Property Details for 425 North Rural Drive

StatusActive
MLS #WS24230378
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.21 AC / 9,110 SF
CountyLos Angeles County

Building Information for 425 North Rural Drive

Stories1Residences-Year Built1929Building Size-Lot Size0.21 AC / 9,110 SF

Property Information for 425 North Rural Drive

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $150,000
  • Gross Scheduled Income: $150,000
  • Vacancy Allowance: 7500
  • Net Operating Income: $101,464
  • Cap Rate: 4.0
Expense Details
  • Operating Expense: $48,536
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,537
  • Maintenance Expense: $40,000
  • Trash Expense: $1,200
  • Water Sewer Expense: $4,800
  • Total Expenses: $48,536
Tax / Assessment Info
  • Tax Tract Number: 2399
  • Tax Census Tract: 4817.12
  • CFD/Mello-Roos Fee: $688
  • Tax Lot: 24
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Gas Range, Tankless Water Heater
  • Equipment: Room
  • Interior Features: Ceiling Fan(s), Copper Plumbing Partial, High Ceilings, Pantry, Quartz Counters, Recessed Lighting
  • Room Type: All Bedrooms Down, Den, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite, Walk-In Closet, Walk-In Pantry
  • Bedroom Features: All Bedrooms Down, Main Floor Bedroom, WalkInCloset
  • Water Heater Features: Tankless
  • Water Heater Type: Tankless
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating Type: Central
  • Heating: Central
  • Flooring: Laminate, Tile, Vinyl, Wood
Exterior Features
  • Window Features: Double Pane Windows
  • Security Features: Automatic Gate
  • Security: Automatic Gate
  • Roof: Shingle
  • Entry Location: 1
  • Fence: Yes
  • Fencing: Block
  • Property Condition: Turnkey
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Green Info
  • Green Energy Efficient: Appliances, Insulation, Lighting
  • Green Energy Generation: Solar
Land/Lot Info
  • Lot Features: Lot 6500-9999, Rectangular Lot, Paved
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Phone Available
  • Electric: Electricity Available, Phone Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Driveway, Garage
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Driveway, Concrete, Garage
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $4,300
  • Unit Type Total Rent: $4,300
  • Unit Type Pro Forma: 4300
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $5,000
  • Unit Type Total Rent: $5,000
  • Unit Type Pro Forma: 5000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,200
  • Unit Type Total Rent: $3,200
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 0
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 0
  • Number With Range: 3
  • Number With Refrigerator: 3

Property History for 425 North Rural Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 425 North Rural Drive

Taxable ValueLand$848,966Additions$515,242Total$1,364,208
Tax Record2024$18,775 ($1,565 / month)
Home Facts
Beds9Total Finished SqFt3,572 SqFtAbove Grade Finished SqFt3,572 SqFtLot Size9,107 SqFtStyleSingle Family ResidenceYear Built1929ZoningMPR3*CountyLOS ANGELESAPN5258-009-060

Schools near 425 North Rural Drive

This home is within Garvey Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Emerson (Ralph Waldo) Elementary School
PublicK to 6

Garvey (Richard) Intermediate School
Public7 to 8

Mark Keppel High School
Public9 to 12

Duff Language Magnet Academy
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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425 North Rural Drive is a multi-family home for sale in Monterey Park, CA 91755. This property was listed for sale on November 8, 2024 by RE/MAX ELITE REALTY, it's currently listed at $2,530,000. It has been on the market for a total of 9 days and was last sold on August 13, 2020. This listing's school district is Garvey Elementary School District. Nearby schools include Emerson (Ralph Waldo) Elementary School, Garvey (Richard) Intermediate School and Mark Keppel High School. 425 North Rural Drive is a 10-bed, 6-bath, 3,572 sqft multi-family home built in 1929.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX ELITE REALTY, LAN XIAO, DRE #01937896

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.