218 North MC Pherrin Avenue N, Monterey Park, CA 91754
- $1,620,000
- 5
- BD
- 5
- BA
- 3,131
- SqFt
- Sold Price
- $1,620,000
- List Price
- $1,598,000
- Closing Date
- Oct 22, 2025
- Status
- CLOSED
- MLS#
- WS25218416
- Year Built
- 2005
- Bedrooms
- 5
- Bathrooms
- 5
- Living Sq. Ft
- 3,131
- Lot Size
- 7,207
- Acres
- 0.17
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 0
- Property Type
- Single Family Residential
- Property Sub Type
- Single Family Residence
- Stories
- Two Levels
Property Description
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!
Additional Information
- Appliances
- Built-In Range, Dishwasher, Electric Oven, Gas Water Heater, Microwave
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Central Air, Dual
- View
- None
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- School District
- Alhambra
- High School
- Mark Keppe
- Interior Features
- Balcony, High Ceilings, Pantry, Loft, Main Level Primary, Multiple Primary Suites, Walk-In Pantry, Walk-In Closet(s)
- Attached Structure
- Detached
- Number Of Units Total
- 1
Listing courtesy of Listing Agent: Qingde Liu (jackyre88@gmail.com) from Listing Office: Mayland Realty.
Listing sold by JING FAN from Pinnacle Real Estate Group
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.