Properties

Property Features
: None
: Wall Furnace
: None
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College View
1251
Drive
Located just west of Atlantic Boulevard, between Floral Drive and Brightwood Street.
641 - Monterey Park
MPR3YY
Listing Broker
CB Richard Ellis, Inc.
Priscilla Nee
Priscilla
Nee
Additional Information
Frame,Stucco,Wood Siding
Two
13
2024-04-16
2
2
17
12.0
5253033043
355
Features
6
Common Area
Listing Information
CLW-C102671
CLW-X74295
2024-05-04T00:07:13Z
Standard
2024-04-16T00:00:00Z
CRMLS
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 26% 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.

1251 College View Drive, Monterey Park, CA 91754

  • Bedrooms : 15
  • Bathrooms (Full) : 14
  • Square Footage: 8,745 Sqft
  • Visits : 4 in 20 days
$3,100,000
Listing ID#24380549
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Property Details
Year Built : 1959
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 24380549
Price : $3,100,000
Bedrooms : 15
Bathrooms (Full) : 14
Square Footage : 8,745 Sqft
Lot Area : 15,192 Sqft
Country : US
State : CA
County : Los Angeles
City : Monterey Park
Zip Code : 91754
Parking : Carport, Covered
Status : Active
Building Size : 8745
Mls Status : Active
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