425 N Rural Drive, Monterey Park, California 91755, Monterey Park, 91755 - bed, bath

425 N Rural Drive, Monterey Park, California 91755 home-pic-0
ACTIVE$2,430,000
425 N Rural Drive, Monterey Park, California 91755
0Bed
0Bath
3,572Sqft
9,110Lot
Year Built
1929
Close
-
List price
$2.43M
Original List price
$2.53M
Price/Sqft
$680
HOA
-
Days on market
-
Sold On
-
MLS number
WS24230378
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.43M(50th), sqft - 3572(50th), beds - undefined(50th), baths - undefined(50th).

Wow, A Wonderful Multiple Units + ADU in the Center of Monterey Park! The gated property with the Zoning of MPR3* , 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, wall unit ac, 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!

Price History

Date
Event
Price
09/16/25
Price Change
$2,430,000
11/08/24
Listing
$2,530,000
Condition Rating
Excellent

Despite being built in 1929, the property has undergone extensive and recent renovations. The listing explicitly states a 'newly completed ADU,' 'remodeled kitchens,' 'upgraded bathrooms,' 'upgraded hardwood and tile flooring,' 'recessed lights,' 'dual pane windows,' 'central air conditioning,' 'tankless water heaters,' and 'solar panels for ADU.' The images confirm these updates, showcasing modern kitchens with stainless steel appliances, granite countertops, and contemporary cabinetry (especially in the middle unit), along with updated bathrooms featuring modern vanities and tiling. The overall condition appears virtually new with no deferred maintenance, aligning with the 'Excellent' criteria for a property extensively renovated within the last 5 years.
Pros & Cons

Pros

Exceptional Income Potential: The property features multiple units, including a newly completed ADU, offering significant and unbeatable income generation opportunities for investors or owner-occupants.
Independent Unit Functionality: Each unit is equipped with separate electric meters, gas meters, post boxes, individual laundry facilities, and dedicated HVAC (central A/C or wall units), ensuring tenant independence and ease of management.
Extensive Modern Upgrades: Recent renovations include upgraded bathrooms, remodeled kitchens with granite countertops and stainless appliances, upgraded hardwood/tile flooring, recessed lights, and dual-pane windows, reducing immediate maintenance needs.
Prime & Convenient Location: Situated in a prime Monterey Park location, it offers walking distance to top-rated Mark Keppel High School, public transportation, markets, diverse restaurants, and easy freeway access (I-10, 710), enhancing its appeal to tenants.
Large Lot & Ample Parking: Spanning a generous 9,110 SqFt lot, the property provides ample outdoor space, including a beautiful front yard garden, easy-to-maintain cement ground in the back/side yard, and multiple parking spaces.

Cons

Age of Original Structure: Built in 1929, the property's underlying structure is nearly a century old. While extensively upgraded, potential buyers should consider the long-term maintenance implications associated with an older foundation and infrastructure.
Tenant Management Complexity: As a multi-unit property, it requires active and potentially demanding management of multiple tenants, leases, and ongoing maintenance requests, which may be a challenge for new investors or owner-occupants.
High Initial Investment: With a list price of $2.43 million, this property represents a substantial financial commitment, which could limit the pool of potential buyers and necessitate a robust financial strategy.

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