Millman Team Real Estate

$1,299,000
4 Bed
2 Bath
1,640 Sqft
0.23 Acre Lot

812 W Fernfield Drive, Monterey Park, California 91754

  • Residential Property Type
  • 1,640 Sqft Square Footage
  • Garage Cars Garage
  • 1950 Year Built
Property Description

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.

Basic Details
Residential
For Sale
25493817
$1,299,000
None
4
2
1,640 Sqft
1950
0.23 Acre
Active
2
Single Family Residence
Features
: None
: Central
: Central Air
: Living Room
: Garage, Door-Multi, Gated
: Traditional
: Tile, Wood
: Inside
: Other
$0
Appliances
: Built-In
Address Map
CA
Los Angeles
Monterey Park
91754
Fernfield
812
Drive
East of Atlantic
641 - Monterey Park
W
MPR1*
Additional Information
$0
$0
$0
$0
$0
1640
: Gated
2.0
: One
2025-02-03
1350000
1
1
: Public
Broker/Agent Information
Coldwell Banker Realty
Walter Castillo
Listing Information
CLW-L10280
CLW-L2000374
Cash,Conventional,FHA,Government Loan,VA Loan
Active
2025-11-18T04:12:59Z
CRMLS
: Standard
2025-02-03T00:00:00Z
Agent info
Ray Millman
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