Homes for sale - 1251 College View DR, Monterey Park, CA 91754

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Yosef Adde

yosef@adde.la +1(310) 363-7362

$ 2,950,000

Est. payment | -/mo

15 Beds

14 Baths

8,745 SqFt

Save

$ 2,950,000

Est. payment | -/mo

Save

15 Beds

14 Baths

8,745 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,745 sqft

Price per Sqft $337

MLS Listing ID 25503037

Bedrooms 15

HOA Y/N No

Year Built 1959

Lot Size 0.349 Acres

Property Description

Constructed in 1959 on a 15,192 square foot double lot, 1251 College View Drive is a two-story, 13-unit property with a total building size of 8,745 square feet. The property is separately metered for gas and electric, is serviced by a central water heater, and offers a gated pool, an on-site laundry facility, and covered parking with storage bins. 1251 College View Drive boasts a strong unit mix of one bachelor/one-bathroom unit, ten one-bedroom/one-bathroom units, one two-bedroom/one-bathroom unit, and one two-bedroom/two-bathroom unit. The units offer wall units for cooling. With current rents approximately 25% below market, a new owner is presented with the opportunity to increase rents to market upon vacancy or further increase rental income with complete unit renovations. There are no local rent control restrictions, but the property is subject to AB 1482. The property offers easy access to the 10, 60, and 710 freeways, providing ease of access to neighboring cities as well as Downtown Los Angeles, located less than 8 miles away. 1251 College View Drive is walking distance to East Los Angeles College (ELAC), which has a enrollment of approximately 30,321 students.

Location

State CA

County Los Angeles

Area 641 - Monterey Park

Zoning MPR3YY

Interior

Heating Wall Furnace

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Covered, Carport

Carport Spaces 6

Pool None

Total Parking Spaces 12

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5253033043

Special Listing Condition Standard

Listed by Priscilla Nee • CB Richard Ellis, Inc.

"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(310) 363-7362

yosef@adde.la

Serving the South Bay Los Angeles

1251 College View DR Monterey Park, CA 91754