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Two-Unit Duplex with Attached Garage
For Sale
$1,128,000

423 Florence Ave Monterey, Monterey Park, CA 91755

R2-zoned property with distinct front and rear residences, separate electric and gas meters, and shared water service.

Property SizeContact for details
Lot Size0.18 Acres
Days on Market31

Property Features for 423 Florence Ave Monterey

General Information

Standard status Active
Total Parking Spaces 2
Lot size 0.18 Acres
Property subtype Duplex
Zoning R2

Site & Location

Highway Access Yes
Utilities to Site Yes

Units

Unit Mix 1 x 1BR/1BA, 1 x 3BR/3BA
Multifamily Units 2

Amenities

recessed lighting
dual-pane windows
laminate flooring
granite countertops
Wall/Window Unit(s)

Building Details

Year Built 1936
Stories 1
Listing Agency: RE/MAX ELITE REALTY
Listed By: YANHUA LIU · License #02080444
Source: Kw
Added: Aug 13 Changed: Sep 12 Last Checked: Sep 12 at 2:57PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX ELITE REALTY

Investment Insights

Based on property information with market context.

Built in 1936, this duplex contains two separate residences on a 7,850-square-foot lot. The front unit measures approximately 800 square feet and includes 1 bedroom and 1 full bathroom. At approximately 1,516 square feet, the rear unit offers 3 bedrooms and 3 full bathrooms, with two bedrooms featuring private bathrooms. The rear residence has been freshly painted.

Both units include recessed lighting, dual-pane windows, laminate flooring, and kitchens finished with granite countertops. The property also has an attached 2-car garage, two house numbers, two electric meters, two gas meters, and one water meter. Located near Mark Keppel High School, parks, shopping, dining, and the 10 Freeway, the property is in an R2-zoned neighborhood.

Key Highlights

  • Two residences on a 7,850‑square‑foot R2‑zoned lot
  • Front unit: approximately 800 square feet with 1 bedroom and 1 full bathroom
  • Rear unit: approximately 1,516 square feet with 3 bedrooms and 3 full bathrooms

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Gym & Fitness Center (Bike/Boat/Book/etc) Store Electrical Service Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,356
Businesses Nearby

Demographics for 91755, CA

27,637
Population
9,316
Households
3
Avg Household Size
44
Median Age
32%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
8,637
Density / Sq Mi
$74,362
Median Household Income
$37,778
Median Earnings
$1,811
Median Rent
$761,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - R2-zoned property with distinct front and rear residences, separate electric and gas meters, and shared water service.
Where is this duplex located?
The property is located at 423 Florence Ave Monterey Monterey Park, CA.
What is the asking price?
The asking price for this property is $1,128,000.
What are key features of this property?
This property features: Two residences on a 7,850‑square‑foot R2‑zoned lot; Front unit: approximately 800 square feet with 1 bedroom and 1 full bathroom; Rear unit: approximately 1,516 square feet with 3 bedrooms and 3 full bathrooms
More about this property
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