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 leases are month to month and 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 55+
- 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
Visits
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of January 18, 2021 2:13 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
