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    1180 College View Drive

    Monterey Park, CA 91754
    • $1,480,000
    • STATUS: Active
    • ON SITE: 107 days
    • ID#: WS20133623
    Price Reduced
    UPDATED: 5 min ago
    $1,480,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,800
      SQFT
    • $389
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Seller motivated, submit all offers. All rents can be increased immediately. Excellent investment opportunity! Monterey Park City prime and high demanded rental area, well maintained 3800 SQFT buildings on the 7864 SQFT lot, total four very spacious and bright units in the property. The front detached single house has 3 bedrooms 1.75 bathrooms with a private backyard ($1,740/month), the back two- story building has three 2 bedroom 1 bathroom units ($1,300/month, $1,350/month, and $1,200/month), each one has a private balcony and shared big front patios. 6 covered parking spaces plus extra tandem spaces, on-site laundry, separated electric and gas meters. All units have newer wooden floors, newer exterior paint, and very easy to manage. The rents are noticeably below market (seller did not increase the rents in the past couple years) so offer investors approx. 36% upside potential. Pro forma cap rate is 4.28%. Very close to Brightwood Elementary School, Sunnyslopes Park, and College; just minutes away from Freeway 60, 710, and 10; only 5 miles away from Downtown Los Angeles. Walking distance to Atlantic Blvd strip centers, which have groceries, pharmacy stores, banks, restaurants, various shops, public transportations, and much more. Please do not disturb tenants, offer subject to interior inspection.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-24T21:27:24.343. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/107649781
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    1180 College View Drive Monterey Park, CA 91754

    • Price: $1,480,000
    • Status: Active
    • Updated: 5 min ago
    • ID#: WS20133623
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    3,800
    SQFT
    $389
    $/SQFT
    1962
    Built
    Neighborhood:
    641 - Monterey Park
    County:
    Los Angeles
    Area:
    641 - Monterey Park
    Property Description
    Seller motivated, submit all offers. All rents can be increased immediately. Excellent investment opportunity! Monterey Park City prime and high demanded rental area, well maintained 3800 SQFT buildings on the 7864 SQFT lot, total four very spacious and bright units in the property. The front detached single house has 3 bedrooms 1.75 bathrooms with a private backyard ($1,740/month), the back two- story building has three 2 bedroom 1 bathroom units ($1,300/month, $1,350/month, and $1,200/month), each one has a private balcony and shared big front patios. 6 covered parking spaces plus extra tandem spaces, on-site laundry, separated electric and gas meters. All units have newer wooden floors, newer exterior paint, and very easy to manage. The rents are noticeably below market (seller did not increase the rents in the past couple years) so offer investors approx. 36% upside potential. Pro forma cap rate is 4.28%. Very close to Brightwood Elementary School, Sunnyslopes Park, and College; just minutes away from Freeway 60, 710, and 10; only 5 miles away from Downtown Los Angeles. Walking distance to Atlantic Blvd strip centers, which have groceries, pharmacy stores, banks, restaurants, various shops, public transportations, and much more. Please do not disturb tenants, offer subject to interior inspection.
    Exterior Features

    Carport Spaces 6.00 Garage Spaces 0.00 Lot Features Corner Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Total 10.00 Pool Features None Pool Private YN No Property Attached YN Yes Uncovered Spaces 4.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Common AreaIndividual Room

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 387.00 Elevation Units Feet Fuel Expense 1181.00 Gardener Expense 930.00 Gross Income 71776.00 Gross Scheduled Income 71776.00 Insurance Expense 1300.00 Land Lease YN No Laundry YN Yes Licenses Expense 280.00 Net Operating Income 46005.00 New Construction YN No New Taxes Expense 18625.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 7146.00 Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasTelephone Total Expenses 25771.00 Trash Expense 0.00 Water Sewer Expense 3068.00 Water Source Public Year Built Source Assessor Zoning Mpr3*

    Listing provided courtesy of Doresa Wang of Treeline Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-24T21:27:24.343. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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