Off-Market Monterey Hills Airbnb Condo - $500,000

About This House

This condominium, located in the desirable Monterey Hills enclave of Northeast Los Angeles, is being offered off-market. It is currently functioning as a short-term rental.

The unit spans roughly 1,100 square feet and features two bedrooms and two bathrooms. Constructed in 1981, it has been comprehensively updated and is sold fully furnished. The property includes two underground parking spaces equipped with electric vehicle charging capability. The homeowners association provides gated parking, a swimming pool, a jacuzzi, a fitness center, and a communal recreation room. Monthly HOA fees are approximately $873, with a special assessment anticipated. While some foundational repairs are required, the condo has demonstrated robust performance as a short-term rental, generating estimated monthly revenues between $4,200 and $4,800, with nightly rates ranging from $130 to $178. For comparison, a nearby two-bedroom, one-bath unit of about 900 square feet was recently listed at $575,000 and received offers up to $590,000.

This opportunity is for end buyers exclusively, with cash or hard money financing required. An earnest money deposit of $25,000 is needed, with a closing of escrow date set for December 5, 2025. For property access, please call or text 213-456-7890.