$ 1,499,000
-
$1,499,000
Price -
10
Bed -
5
Bath -
4,306
SqFt
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About the Listing CLW-X82972 - CLW-C138002
Located at 1581 College View Drive in Monterey Park, CA, this well maintained 5-unit multifamily building was constructed in 1960, spans4,306 square feet, and sits on an 8,238-square-foot lot zoned MPR3YY.The property offers a desirable unit mix of (5) 2-bedroom, 1-bath units. Each unit is individually metered for gas and electricity, while water and sewer are master-metered. On-site amenities include a laundry facility, providing added convenience for tenants. Electrical at the property was recently updated and it is set up to add charging stations for electric vehicles. Additionally, the roof was just replaced. Plumbing has been updated to copper over time throughout most of the building. The property offers 5 tuck-under parking spaces. This apartment building presents a solid investment opportunity with stable income with approximately 20%upside in rents, in a sought-after Monterey Park location near schools, shopping, and major transportation routes. The property is subject to California state rent control, AB1482.
Listing Highlights for 1581 College View Dr
Status
Active With Contingency
Days on Site
19
Property Type
Multi-Family
MLS ®
25602295
Year Built
1960
Total Square Footage
4,306
Lot/Acreage
0.19
County
Los Angeles
Area
641 - Monterey Park
Interior Details
- Bedrooms: 10
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 10
- Zoning: MPR3YY
- Roof: Bitumen
- Others: 2+ Total Units
- Sewer: Other
- Parking Features: Tandem Garage,Covered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5252028029
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
1581 College View Dr Monterey Park, CA 91754
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