211 N Mcpherrin Avenue, Monterey Park, CA 91754

211 N. McPherrin Ave, a 6-unit multifamily located in the desirable city of Monterey Park, California. Monterey Park was recently ranked #3 on Money Magazine’s prestigious list of “Best Places to Live 2017.” This attractive offering boasts a prime location for families and working professionals. The property is located within a 2-mile radius of several elementary schools and high schools while simultaneously maintaining a peaceful and quiet ambiance. The property is also located within walking distance of a plethora of authentic, delectable cuisine. Residents of this property enjoy the peace of mind of being within a mile of the local police and fire stations. The property has been in the same ownership since 1986 and this is the first time it is being offered for sale. This offering presents a great opportunity for investors to acquire a well-located value-add apartment community with excellent unit mix in a strong submarket. The property has a very high walk score of 90 due to its superior location within walking distance to myriad of shopping, dining, entertainment, and other amenities in the area (along Garvey Ave, Atlantic Blvd, and Garfield Ave). This ±4,292 sqft apartment was built in 1963 and situated on a ±10,208 sqft lot. It offers an excellent unit mix of one (1) x 3-bedroom+1-bathroom house, four (4) x 2-bedroom+1.5-bathroom townhouse style units, and one (1) x studio.