Single-Story Home with Bonus Studio for sale! A charming single-story home located on a tree-lined street in one of Monterey Park's most convenient neighborhoods. The main house offers 3 bedrooms and 2 full bathrooms, a primary suite with its own ensuite bath. The floor plan is comfortable and functional, making it easy to enjoy day-to-day living. A separate permitted rumpus room with its own kitchen area and bathroom adds flexibility - ideal for a guest suite, studio, or potential rental. The property has a 2-car garage that offers an opportunity for additional ADU living space. Newly added in 2025 are a new roof, central AC, wood flooring, recessed lighting and garage door. Nearby, you'll find everyday conveniences such as grocery shopping, restaurants, and services at Atlantic Square and Prado Center, all within walking distance. Enjoy quick access to the 60 Freeway, making commutes across the San Gabriel Valley and into Downtown Los Angeles a breeze. If you're looking for a versatile property in a well-located neighborhood, 501 W Floral Dr is a fantastic opportunity.