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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

    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.

    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#: OC22212457MLS LogoOriginating 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
    Get a cash offer in 3 minutes

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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