1179 College View Drive, Monterey Park, CA 91754
-
Sold Price :
$1,175,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1959
Property Description
We are pleased to present a 5-unit apartment building located in Monterey Park, California, only one block walking distance to East Los Angeles
College. East Los Angeles College is a public community college and has one of the largest student body campus by enrollment in the state of
California. The property will be delivered 100% vacant allowing an investor the freedom to renovate and immediately obtain market rate rents.
The unit mix is all 2 bedroom and 1 bathroom, with large units.
The building is located on a corner, which allows for plenty of sunlight to all the units. In addition, the top units have outdoor balconies, and the
bottom two units each have an outdoor patio area. Projected proforma rents are around $2,150 per unit, however with amenities such as
outdoor patios and balconies it’s possible that a higher market rents can be achieved depending on quality of interior renovations. The property
has onsite tuck under parking for 5-spaces.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
1179 College View Drive |
| City |
Monterey Park |
| State |
CA |
| Zip |
91754 |
| County |
Los Angeles |
| Listing Agent |
Krikor Garabedian DRE #01216376 |
| Co-Listing Agent |
Ruby Marcos DRE #01281160 |
| Courtesy Of |
Keller Williams R. E. Services |
| Close Price |
$1,175,000 |
| Status |
Closed |
| Type |
Commercial |
| Subtype |
Multi Family |
| Structure Size |
N/A |
| Lot Size |
N/A |
| Year Built |
1959 |
Listing information courtesy of: Krikor Garabedian, Ruby Marcos, Keller Williams R. E. Services. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 7th, 2024 at 5:32 AM 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.
