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801 803 E Newmark Ave

Monterey Park, CA 91755

– beds
– baths
– sqft
~3/4 acre lot
1952 build
– on site

First time on the market in over 70 years! Young Lewin Advisors is pleased to present 801 and 803 Newmark Ave, an 8 unit property on two contiguous parcels totaling a lot size of 35,833 with R3 zoning. 801 E Newmark consists of a conventional 6 unit single story building with two separate front houses,(built in 1915 and 1952) and two duplex's (all 2 bed/1 bath units) built in 1962 with a carport in the rear. 802 Newmark Ave consists of two single family houses in the front- a 3 bed house built in 1956 and a two bed house built in 1950. Behind the houses is a substantial amount of vacant land. The Newmark properties have development potential being on nearly an acre of land. The lot dimensions for 801 per the assessor are 60.48 feet by 300.4 feet, and for 803 are 58.5 feet by 300.4 feet for a total of 35,833 square feet. Per the R-3 guidelines of the Monterey Park Development Standards (buyer to verify) - you can build one unit per 3,000 square feet with a maximum of 2 stories not to exceed 30 feet. If developed together you could build 11 units by right - and with AB-1211 you could add up to 8 ADU's making a 19 unit development potentially.

Listed By CRMLS_CA / Jackson Jorgensen / Younglewin Advisors, Inc. / jack@younglewin.com

Last checked: Checking… • Last updated Jan 16, 2025 •

MLS# PW25009779 —

The Building

Year Built:

1952
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

7752.00
Building Area Units:

Square Feet
Total Number Of Units:

8
# of Buildings:

6
Stories Total:

1
Entry Level:

1
Common Walls:

1 Common Wall, No One Above, No One Below
# of Separate Gas Meters:

8
# of Separate Water Meters:

1
# of Separate Electric Meters:

8

Interior

Entry Location:

Front
Laundry:

Gas & Electric Dryer Hookup
Laundry:

1

Location

Directions:

Between S Orange and New Ave
Latitude:

34.06013800
Longitude:

-118.11136200

The Property

Property Type:

Residential Income
Subtype:

Apartment
Lot Features:

Rectangular Lot
Lot Size Area:

35831.0000
Lot Size Acres:

0.8226
Lot Size SqFt:

35831.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Additional Parcels Description:

5259013039
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Tract:

786
Tax Lot:

3

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5259013038

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Urban
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking Spaces:

6.00
Carport Spaces:

6.00

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Sale history

Date	Event	Source	Price	% Change
1/14/25 Jan 14, 2025	Listed / Active	CRMLS_CA	$3,500,000

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This multifamily located in Monterey Park, CA 91755 is currently for sale for $3,500,000. 801 803 E Newmark Ave is a – square foot multifamily with – beds and – baths that has been on Estately for 4 days. This multifamily is in the attendance area of Garvey(Richard) Intermediate School, Monterey Vista Elementary School, and Mark Keppel High School.

Listing Courtesy of: CRMLS_CA and Younglewin Advisors, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 00:05 on Jan 18.

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.