$1,175,000
$1,550,000
24.2%For more information regarding the value of a property, please contact us for a free consultation.
1179 College View DR Monterey Park, CA 91754
4,828 SqFt
Key Details
Sold Price $1,175,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,828 sqft
Price per Sqft $243
MLS Listing ID GD23206734
Sold Date 01/31/24
HOA Y/N No
Year Built 1959
Lot Size 6,577 Sqft
Acres 0.151
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.
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 4
Total Parking Spaces 5
Building
Lot Description 2-5 Units/Acre
Story 2
Water Public
Others
Tax ID 5253014001
Financing Cash
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Stephen Eng • Convoy Real Estate