$10,000 Closing Credit¹
#WS24190973, JANINE LEE, Listing Office: KO TAI REALTY
$3,500,000 List price
801803 E Newmark Ave Monterey Park, CA 91755
0.8 acres
Condo
Property details
About 801803 E Newmark Ave
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.
Highlights
Home typeCondominium
StatusActive
Lot size0.8226 Acres
Year built1952
MLS #PW25009779
Summary
- MLS Number: PW25009779
- MLS Name: CRMLS
- Office Name: Younglewin Advisors, Inc.
- Office Email: jack@younglewin.com
- Listing Agent: Jackson Jorgensen
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 12:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,500,000
801803 E Newmark Ave
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
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Nearby schools
6
Robert Hill Lane Elementary School
Public District KG-6
1.4 mi
•1500 Avenida Cesar Chavez
7
City Terrace Elementary School
Public District KG-5
1.6 mi
•4350 City Terrace Dr
3
Kipp Iluminar Academy
Public Charter KG-4
1.7 mi
•4800 E Cesar Chavez Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $51,763. Most Monterey Park, CA residents have annual incomes between $35k-100k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
37%
<35k
46%
35k-100k
16%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
43%
Single, No Kids
9%
Single, with Kids
27%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
7%
12-17 yrs old
20%
18-34 yrs old
41%
35-64 yrs old
20%
65+ yrs old
What do the neighbors do for fun?
Men's Tennis
Live Theatre
Hiking/backpacking
Where do the neighbors shop?
Nordstrom Rack
Bloomingdales
Banana Republic
Where do the neighbors go to eat?
The Cheesecake Factory
Boston Market
Starbucks
What do the neighbors drive?
Volvo
Mercedes
Audi
What do the neighbors listen to?
News
Alternative
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 801803 E Newmark Ave
This home is located at 801803 E Newmark Ave in Monterey Park, CA and zip code 91754 in the The San Gabriel Valley neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since January 15, 2025 and is currently priced at $3,500,000.
In February 2025, from all listings sold in Monterey Park, CA there were more than 6 sold above asking price, over 7 sold below and more than 0 were sold right at the asked price. Between January and February 2025, Monterey Park, CA real estate market has seen increase in the number of listings by 16.4%. While the average time on the market in February 2025 was 78 days, the median list price was $929,833.
From Rocket Homes Real Estate and based on county public records data.