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1179 College View Drive

Monterey Park, CA 91754
  • $1,550,000
  • STATUS: Active
  • ON SITE: 31 Days
  • ID#: GD23206734
UPDATED: 56 min ago
$1,550,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1959
County:

School Ratings & Info

Listing Agent(s): Krikor Garabedian of Keller Williams R. E. Services (818-432-3200) and Ruby Marcos of Keller Williams R.E Services(818-432-3200)


Description

We are pleased to present a 5-unit apartment building located in Monterey Park, California, only one block walking distance to East Los AngelesCollege. East Los Angeles College is a public community college and has one of the largest student body campus by enrollment in the state ofCalifornia. The property will be delivered 100% vacant allowing an investor the freedom to renovate and immediately obtain market rate rents.The unit mix is all 2 bedroom and 1 bathroom, with large units.The building is located on a corner, which allows for plenty of sunlight to all the units. In addition, the top units have outdoor balconies, and thebottom two units each have an outdoor patio area. Projected proforma rents are around $2,150 per unit, however with amenities such asoutdoor patios and balconies its possible that a higher market rents can be achieved depending on quality of interior renovations. The propertyhas onsite tuck under parking for 5-spaces.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-09T12:29:12.74. 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 EQTY | Forbes Global Properties. Licensed in the State of California, USA.
www.thecharlieprice.com/homes/145054968
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1179 College View Drive Monterey Park, CA 91754

  • Price: $1,550,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 56 min ago
  • ID#: GD23206734
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1959
Built
Neighborhood:
641 - Monterey Park
County:
Los Angeles
Area:
641 - Monterey Park
Property Description
We are pleased to present a 5-unit apartment building located in Monterey Park, California, only one block walking distance to East Los AngelesCollege. East Los Angeles College is a public community college and has one of the largest student body campus by enrollment in the state ofCalifornia. The property will be delivered 100% vacant allowing an investor the freedom to renovate and immediately obtain market rate rents.The unit mix is all 2 bedroom and 1 bathroom, with large units.The building is located on a corner, which allows for plenty of sunlight to all the units. In addition, the top units have outdoor balconies, and thebottom two units each have an outdoor patio area. Projected proforma rents are around $2,150 per unit, however with amenities such asoutdoor patios and balconies its possible that a higher market rents can be achieved depending on quality of interior renovations. The propertyhas onsite tuck under parking for 5-spaces.
Exterior Features

Carport Spaces 4 Carport YN Yes Entry Level 2 Lot Features 2-5 Units/Acre Open Parking Spaces 1 Parking Total 5 Sign On Property YN No

Property Features

Additional Parcels YN No Common Interest None Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Property Sub Type Multi Family Special Listing Conditions Standard Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-09T12:29:12.74. 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 EQTY | Forbes Global Properties. Licensed in the State of California, USA.
 
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EQTY | Forbes Global Properties
1100 Newport Center Drive, Suite 110
Newport Beach CA, 92660
Listing Agent(s): Krikor Garabedian of Keller Williams R. E. Services (818-432-3200) and Ruby Marcos of Keller Williams R.E Services(818-432-3200)