Monterey Park, CA 91754,218 North MC Pherrin Avenue North

$1,620,000

Est. payment /mo

$1,598,000

1.4%
Est.Price: ?

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218 North MC Pherrin Avenue North Monterey Park, CA 91754

5 Beds

4.5 Baths

3,131 SqFt

SOLD DATE : 10/22/2025

Key Details

Sold Price $1,620,000

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 3,131 sqft

Price per Sqft $517

MLS Listing ID WS25218416

Bedrooms 5

Full Baths 4

Half Baths 1

Year Built 2005

Lot Size 7,207 Sqft

Property Sub-Type Detached

Property Description

Custom-Built Luxury Home Perfect for Investment or Owner-Occupancy, Dont 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!

Location

State CA

County Los Angeles

Interior

Cooling Central Forced Air, Dual

Laundry Gas

Exterior

Parking Features Garage

Garage Spaces 2.0

View Y/N Yes

Building

Story 2

Sewer Public Sewer

Water Public

Others

Acceptable Financing Cash, Cash To New Loan

Listing Terms Cash, Cash To New Loan

Special Listing Condition Standard

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MLS Router / San Diego MLS
Listed by Qingde Liu Mayland Realty
Bought with JING FAN Pinnacle Real Estate Group
Candi DeMoura

Candi DeMoura

Realtor | License ID: 01930846

+1(858) 900-1333

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