1251 College View Drive, Monterey Park, CA 91754
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Listed Price :
$3,100,000
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Beds :
15
-
Baths :
14
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Property Size :
8,745 sqft
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Year Built :
1959
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 and carport 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 27% 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 2023 enrollment of 33,397 students.
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Bedrooms |
15 |
| Bathroom Information |
| Bathrooms |
14 |
Listing Information
| Address |
1251 College View Drive |
| City |
Monterey Park |
| State |
CA |
| Zip |
91754 |
| County |
Los Angeles |
| Listing Agent |
Priscilla Nee DRE #01435254 |
| Courtesy Of |
CB Richard Ellis, Inc. |
| List Price |
$3,100,000 |
| Status |
Hidden |
| Type |
Residential Income |
| Structure Size |
8,745 |
| Lot Size |
15,192 |
| Year Built |
1959 |
Listing information courtesy of: Priscilla Nee, CB Richard Ellis, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:31 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
