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Sold for $1,450,000 on 07/05/23
  • Listing Provided by: 

    DORESA WANG DRE #01523172 626-877-6866,

    Palm International Real Estate Inc.

    $1,450,000

    1180 College View Dr, Monterey Park, CA 91754

    --beds
    --baths
    3,800sqft
    Quadruplex
    Built in 1962
    -- sqft lot
    $1,545,900 Zestimate®
    $382/sqft
    $2,887 Estimated rent

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    $2,887/mo

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    $2,887/mo

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    $9,082/mo

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    $9,082/mo

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    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: July 06, 2023 at 02:14pm

    Listing Provided by:

    DORESA WANG DRE #01523172 626-877-6866,

    Palm International Real Estate Inc.

    Bought with:

    DORESA WANG, DRE #01523172

    Palm International Real Estate Inc.

    Source: CRMLS,MLS#: WS23038143MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 3,800
    • Total interior livable area: 3,800 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Carport
    • Carport spaces: 6
    Features
    • Pool features: None
    Lot
    • Size: 7,864 sqft
    • Features: Corner Lot
    Details
    • Parcel number: 5253013031
    • Zoning: MPR3*
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1962

    Utilities & green energy

    • Sewer: Unknown
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Sidewalks
    Location
    • Region: Monterey Park

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan
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    Estimated market value
    $1,545,900