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$1,499,000
Est. payment /mo
10 Beds
5 Baths
4,306 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,306 sqft
Price per Sqft $348
MLS Listing ID 25602295
Bedrooms 10
HOA Y/N No
Year Built 1960
Lot Size 8,241 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Zoning MPR3YY
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Common Area
Exterior
Parking Features Covered, Garage, Tandem
Pool None
View Y/N Yes
View City Lights
Roof Type Bitumen
Porch Deck, Porch
Total Parking Spaces 10
Private Pool No
Building
Faces South
Story 2
Entry Level Two
Sewer Other
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5252028029
Special Listing Condition Standard
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Listed by Tim Steuernol NAI Capital Commercial Inc.
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