Price Reduction
Address
1180 College View Drive Monterey Park, CA
Price
$ 1,480,000
Property Attributes
  • MLS#WS20133623
  • TypeIncome
  • CountyLOS ANGELES
  • CityMonterey Park
  • AreaMonterey Park
  • Zip91754
  • Style
  • Price$ 1,480,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3800
  • Lot Size7,863 SqFt
Listing Provided Courtesy Of:
DORESA WANG with TREELINE REALTY.
Property Description

Seller motivated, submit all offers. All rents can be increased immediately. Excellent investment opportunity! Monterey Park City prime and high demanded rental area, well maintained 3800 SQFT buildings on the 7864 SQFT lot, total four very spacious and bright units in the property. The front detached single house has 3 bedrooms 1.75 bathrooms with a private backyard ($1,740/month), the back two- story building has three 2 bedroom 1 bathroom units ($1,300/month, $1,350/month, and $1,200/month), each one has a private balcony and shared big front patios. 6 covered parking spaces plus extra tandem spaces, on-site laundry, separated electric and gas meters. All units have newer wooden floors, newer exterior paint, and very easy to manage. The rents are noticeably below market (seller did not increase the rents in the past couple years) so offer investors approx. 36% upside potential. Pro forma cap rate is 4.28%. Very close to Brightwood Elementary School, Sunnyslopes Park, and College; just minutes away from Freeway 60, 710, and 10; only 5 miles away from Downtown Los Angeles. Walking distance to Atlantic Blvd strip centers, which have groceries, pharmacy stores, banks, restaurants, various shops, public transportations, and much more. Please do not disturb tenants, offer subject to interior inspection.

Price History
7/9/2020 Listed $1,490,000
10/19/2020 1% - $1,480,000

General Features

Attached Structure Attached
Carport Spaces 6.00
Community Features Sidewalks
Directions College View Dr. cross Crest Vista Dr.
Garage Spaces 0.00
Listagentaor West San Gabriel Valley
Listing Agent DORESA WANG - BRE#01523172
Listing Agent State License 01523172
MLS Area 641 - Monterey Park
Pool Features None
Price Per Square Foot 389.47
Property Attached Y/N Yes
Sewer Unknown
Source System CRMLS
Special Listing Conditions Standard
Total Units 4
Zoning MPR3*

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 1 Common Wall
Laundry Features Common Area, Individual Room
Laundry Y/N Yes
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 3800.00
Lot Features Corner Lot
Lot Size Acres 0.1805
Lot Size Area 7864.0000
Lot Size Source Assessor
Lot Size Square Feet 7864.00
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 5
Number of Separate Gas Meters 5
Number of Separate Water Meters 1
Total Parking 10.00
Uncovered Spaces 4.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91754

Price
AVG $2.12M
$1.48M
Visits
AVG 55
44
Year Built
AVG 1957
1962

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