948 W Newmark
Monterey Park, CA, 91754 $ 598,000
Baths0.0 Monthly Estimate*
$ 3,776
Listed by eXp Realty of California Inc
Studio for $598,000. The lot size is 0.9803.
What if your next dream home started with nearly one acre of breathtaking hillside land overlooking the San Gabriel Valley mountains? Rare opportunity to own nearly one acre of hillside land in one of Monterey Park's most desirable neighborhoods. Spanning approximately 42,701 square feet (0.98 acres), this R-1 zoned parcel offers breathtaking 180-degree panoramic views of the San Gabriel Valley, city lights, mountain vistas, and spectacular sunsets. Perched above the surrounding neighborhood, this unique property presents an exceptional opportunity to build a custom dream estate, private hillside retreat, or explore future development possibilities. The lot's size, frontage, and location may offer potential for lot split opportunities such as SB-9 and additional residential development, including ADUs, subject to buyer verification and approval from the appropriate governmental agencies. Located within the highly regarded Alhambra Unified School District and surrounded by established residential homes, this property combines privacy, convenience, and long-term upside. Vacant land of this size and caliber is becoming increasingly difficult to find in Monterey Park, making this a truly unique offering for builders, developers, investors, or owner-users seeking to create something special. Enjoy a premier location, stunning views, and endless possibilities. Buyers are advised to conduct their own independent investigations regarding zoning, lot dimensions, lot split potential, development opportunities, utility availability, permits, schools, and all aspects of the property.
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FeaturesGeneralZoning R1
HOA Fee 0
View City Lights Mountain(s) Neighborhood Panoramic
Community Features Mountainous
County Los Angeles
New Construction false
Property Type Land
HOA false
Special Listing Conditions Standard
Status Active
Directions Between 940 and 956 W Newmark Ave Monterey Park
City Monterey Park
Senior Community Y/N false
MLS Area 641 - Monterey Park
Lot Size Units Square Feet
Lot Size Square Feet 42701
Listing Terms Cash Cash to Existing Loan Cash to New Loan
Land Lease Y/N false
Additional Parcels Y/N false
Standard Status Active
Tax Lot 2
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ExteriorLot Features Lot Over 40000 Sqft Sloped Up
Water Source Other
Lot Size Area 42701
Lot Size Acres 0.9803
Lot Size Source Assessor
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* Excluded FeaturesList ByExp Realty Of California IncBroker
clarencechiyeung@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,776
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Monterey Park, CA
Average List Price $565,667
Percent of Sale Price 5%
About Monterey Park, CA 61,934 Population
3% Since 2002
$ 56,710 Median Income
43.9 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/26/2026 | $598,000 | | Listed Price |