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.
Sold for $6,200,000 on 02/07/23
Listing Provided by:
Tyler Leeson DRE #01451551 949-419-3200,
Marcus & Millichap RE Invest
$6,200,000
308-314 N Nicholson Ave, Monterey Park, CA 91755
--beds
--baths
19,368sqft
Multi Family
Built in 1976
-- sqft lot
$6,382,000 Zestimate®
$320/sqft
$2,860 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: February 08, 2023 at 10:00am
Listing Provided by:
Tyler Leeson DRE #01451551 949-419-3200,
Marcus & Millichap RE Invest
Bought with:
Tyler Leeson, DRE #01451551
Marcus & Millichap RE Invest
Source: CRMLS,MLS#: OC22212457
Originating MLS: California Regional MLS

Facts & features
Interior
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 19,368
- Total interior livable area: 19,368 sqft
Property
Parking
- Total spaces: 40
- Parking features: Garage
- Garage spaces: 20
- Uncovered spaces: 20
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 0.80 Acres
- Features: Lawn, Street Level
Details
- Additional parcels included: 5255019021
- Parcel number: 5255019022
- Zoning: MPR3*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1976
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Sidewalks
Location
- Region: Monterey Park
HOA & financial
Other financial information
- Total actual rent: 42795
Other
Other facts
- Listing terms: Cash to New Loan,1031 Exchange
Services availability
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Estimated market value
$6,382,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$6,382,000