$1,751,688
$1,810,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
1120 College View DR Monterey Park, CA 91754
8,215 Sqft Lot
Key Details
Sold Price $1,751,688
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR22005967
Sold Date 02/15/22
HOA Y/N No
Year Built 1960
Lot Size 8,215 Sqft
Property Description
6 Unit investment opportunity located in the desirable city of Monterey Park, California. The 5315 square foot building was constructed in 1960 and consists of six large two bedroom/one and a half bathroom floorplans of approximately 886 square feet. The two-story property sits on an 8214 square foot parcel and is individually metered for gas and electricity and has a central hot water heater. The subject property presents a great opportunity for an investor to acquire a well-located value add apartment community with over twenty percent rental upside. The property features a spacious patio or balcony for each unit, six tandem parking spaces (twelve total), storage bins in the carport area. The forecasted rent is $9400 per month which is based on the seller's appraisal report. It is a very investment project
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Zoning MPR3*
Interior
Interior Features Balcony, Ceiling Fan(s), Walk-In Closet(s)
Flooring Carpet
Fireplace No
Appliance Built-In Range, Electric Cooktop, Electric Oven, Electric Range, Microwave, Range Hood
Laundry Common Area
Exterior
Pool None
Community Features Curbs, Urban
Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available
View Y/N Yes
View City Lights, Neighborhood
Accessibility Parking
Private Pool No
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5253013024
Security Features Carbon Monoxide Detector(s)
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Jin Gan • Berkshire Hathaway HSCP