Monterey Park, CA 91754,1180 College View DR
Monterey Park, CA 91754,1180 College View DR
Monterey Park, CA 91754,1180 College View DR
Monterey Park, CA 91754,1180 College View DR
Monterey Park, CA 91754,1180 College View DR
Monterey Park, CA 91754,1180 College View DR
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$1,450,000

$1,489,000

2.6%
Est.Price: ?

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Est. payment /mo

7,862 Sqft Lot


SOLD DATE : 07/05/2023

Key Details

Sold Price $1,450,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID WS23038143

Sold Date 07/05/23

HOA Y/N No

Year Built 1962

Lot Size 7,862 Sqft

Property Description

All leases are month to month and rents can be increased right after close. Excellent investment opportunity! Monterey Park City prime and high demanded rental area, ± 3800 SQFT buildings on a ± 7864 SQFT lot, total four very spacious and bright units. Ideal for living in one and collect rents on others. The front detached one-story single house has 3 bedrooms and 1.75 bathrooms with a private backyard ($1,800/month). The back two-story building has three 2 bedrooms 1 bathroom units ($1,330/month, $1,380/month, and $1,200/month), each one has a private balcony and shared big front patios. Six carport plus tandem total ten parking spaces, on-site laundry, separated electric and gas meters. Well maintained and very easy to manage. The rents are noticeably below market, offer investors over 37% upside potential. Flyer is attached in the supplements section. Very close to Brightwood Elementary School, Sunnyslopes Park, and East Los Angeles College; belonging to the famous Mark Keppel High School; just minutes away from Freeway 60, 710, and 10; only 5 miles away from Downtown Los Angeles. Walking distance to Atlantic Blvd commercial corridor, which has groceries, pharmacy stores, banks, restaurants, various shops, public transportations, and much more. Drive by only, do not disturb tenants, they don’t know the sale.

Location

State CA

County Los Angeles

Area 641 - Monterey Park

Zoning MPR3*

Interior

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 6

Pool None

Community Features Sidewalks

Total Parking Spaces 6

Private Pool No

Building

Lot Description Corner Lot

Sewer Unknown

Water Public

New Construction No

Others

Senior Community No

Tax ID 5253013031

Energy Description 1398.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by DORESA WANG • Palm International Real Estate Inc. • 626-877-6866
Bought with DORESA WANG • Palm International Real Estate Inc.
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