Monterey Park, CA 91755,308 314 N Nicholson AVE
Monterey Park, CA 91755,308 314 N Nicholson AVE
Monterey Park, CA 91755,308 314 N Nicholson AVE
Monterey Park, CA 91755,308 314 N Nicholson AVE
Monterey Park, CA 91755,308 314 N Nicholson AVE
Monterey Park, CA 91755,308 314 N Nicholson AVE
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$6,200,000

$7,795,000

20.5%
Est.Price: ?

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Est. payment /mo

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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California Regional MLS (CRMLS)
Listed by Tyler Leeson • Marcus & Millichap RE Invest
Bought with Tyler Leeson • Marcus & Millichap RE Invest
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