335 E Newmark, Monterey Park, California 91755, Monterey Park, 91755 - 0 bed, 0 bath
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Monterey Park, California 91755
This Value-Add Residential Income Duplex is listed at $1,318,000, evaluated against a $1,157,141 Fair Market Value. The property represents a strategic acquisition due to its Poor Condition Rating, featuring a front unit already gutted to the studs with approved plans for a 3-bedroom layout. Situated on an expansive 9,472 Sq Ft Lot within the prestigious Mark Keppel High School district, the site offers significant ROI potential through ADU/JADU conversion of the detached garage and a renovated rear unit with a private patio. This is a high-upside opportunity for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 335 E Newmark Subject | $1,318,000* List Price | 0 | 0 | 1,462 | $791 | - |
A 803 E Emerson Sold | $1,020,000 | 4 | 2 | 1,393 | $732 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
While the rear unit is fully renovated with modern kitchen/bath finishes, the front unit is completely gutted to the studs and requires a full interior build-out. Given the 1947 original construction and the fact that half the property is currently unlivable and needs a total rehab, it meets the criteria for poor condition.
The property features a fully renovated rear unit with a proven short-term rental history and a large 9,472 sqft lot that offers significant potential for ADU/JADU conversion.
Situated in a highly desirable Monterey Park neighborhood within the prestigious Mark Keppel High School district, ensuring strong long-term tenant demand and property value retention.
The front unit is already gutted to the studs with approved plans for a 3-bedroom, 3-bathroom layout, saving the buyer substantial time and demolition costs.
The front unit is currently a shell and requires a full interior build-out, which will necessitate a large capital injection and extensive project management.
Because the primary front structure is currently uninhabitable, the property may not qualify for traditional conventional financing, potentially limiting the buyer pool to cash or hard money investors.
Exceptional value-add duplex opportunity on a large, flat lot in a highly desirable Monterey Park location within the sought-after Mark Keppel High School district (buyer to verify)! This versatile property is ideal for investors, developers, or first-time buyers looking to live in one unit while generating income from the other. The rear unit (#335) has been fully renovated and previously operated as a successful short-term rental, performing very well and offering strong income potential. Perfect for immediate rental use, extended family, or in-law living. The front home (#339) has been fully gutted to the studs and comes with approved plans for a spacious 3-bedroom, 3-bathroom layout—providing a rare opportunity for the next owner to design and complete their dream home to their own taste while saving significant time and demolition costs. Situated on an expansive lot, the property offers ample parking for 6+ vehicles and includes a detached 2-car garage with excellent potential for Junior ADU conversion and possible expansion (buyer to verify), creating even more income opportunities. Whether you’re looking to create a multi-generational living setup, offset your mortgage with rental income, or invest in a property with strong upside and flexibility, this is a unique opportunity you won’t want to miss.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,462 | 1,979 | 33% |
| Lot Size | 9,472 | 9,456.5 | 50% |
| Price | $1.32M | $1.22M | 67% |
| Price per sq ft | $902 | $573 | 83% |
| Built year | 1947 | 1953 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 131 | 17% |
Apr 26, 2026
$1,318,000
Initial Listing
Sep 12, 2024
$960,000
Public Record