$6,200,000
$7,795,000
20.5%For more information regarding the value of a property, please contact us for a free consultation.
0.8 Acres Lot
SOLD DATE : 02/07/2023
Key Details
Sold Price $6,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC22212457
Sold Date 02/07/23
HOA Y/N No
Year Built 1976
Lot Size 0.800 Acres
Property Description
Nicholson Villa is a 20-unit multifamily investment property located in Monterey Park, CA. Nicholson Villa offers an attractive unit mix consisting of one, two, and three-bedroom floor plans and amenities including gated access, ample surface and garage parking, walk-in closets, private patios or yards, and on-site laundry. Current ownership has completely renovated 4 units with improvements including new shaker-style cabinets, granite countertops, plumbing fixtures, flooring, and more. Nicholson Villa has an excellent Monterey Park location within walking distance to the abundance of retail, dining, and entertainment options at the intersection of North Garfield Avenue and East Garvey Avenue. The property is located within close proximity of major economic and housing drivers for the region including Garfield Medical Center as well as multiple higher education institutions. Additionally, the property is situated less than 0.5 miles from Interstate 10, providing residents with convenient access to employment and leisure destinations in the city of Los Angeles as well as the San Gabriel Valley.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning MPR3*
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 20.0
Garage Description 20.0
Pool None
Community Features Curbs, Sidewalks
Total Parking Spaces 40
Private Pool No
Building
Lot Description Lawn, Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5255019022
Energy Description 9697.0
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Tyler Leeson • Marcus & Millichap RE Invest
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States