About the Listing 8299 - TRZHANGRA

Exceptional Mixed-Use Development Opportunity in the Heart of Monterey Park Located just behind the vibrant Times Square of Monterey Park, 623 N Chandler Blvd, Monterey Park offers a truly rare and highly sought-after property with mixed-use zoning, a type of opportunity that is increasingly difficult to find in today’s market. The property presents multiple potential development pathways, providing exceptional flexibility for investors, developers, and owner-users. Possible configurations may include: Development of up to three (3) residential units with full residential use. A commercial and residential mixed-use project, allowing for diversified income potential. Whether envisioned as a residential development or a mixed-use asset, this property stands out for its strong rental income potential and long-term value. Its prime location, consistent demand, and versatile zoning make it well-positioned for attractive rental returns. Surrounded by shops, dining, offices, and everyday conveniences, the site enjoys excellent walkability, strong foot traffic, and a highly central location, appealing to residential tenants, business operators, and mixed-use investors alike. Opportunities of this nature—combining premium location, zoning flexibility, and income potential—are exceptionally rare in Monterey Park. An outstanding choice for developers, investors, or owner-users seeking to capitalize on a one-of-a-kind property in a thriving urban core. For owner-users, the property also offers an appealing live-and-income potential. An owner may choose to occupy one unit while exploring the possibility of developing an additional unit to generate stable rental income, creating a balanced opportunity for personal use and long-term cash flow.

Listing Highlights