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    1180 College View Drive

    Monterey Park, CA 91754
    • $1,480,000
    • STATUS: ACTIVE
    • ON SITE: 193 days
    • ID#: 302586220
    UPDATED: 52 min ago
    $1,480,000
    • 9
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Seller motivated, submit all offers. All leases are month to month and 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, Seller motivated, submit all offers. All leases are month to month and 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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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sandiegoareahomesforsale.co/homes/107665060
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    1180 College View Drive Monterey Park, CA 91754

    • Price: $1,480,000
    • Status: ACTIVE
    • Updated: 52 min ago
    • ID#: 302586220
    9
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    1962
    Built
    Neighborhood:
    Monterey Park (91754)
    County:
    Los Angeles
    Area:
    Monterey Park (91754)
    Property Description
    Seller motivated, submit all offers. All leases are month to month and 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, Seller motivated, submit all offers. All leases are month to month and 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

    Pool N/K Site Corner LotSidewalks

    Interior Features

    Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

    Property Features

    Annual Expense Actual 25771 Buildings 2 Gross Scheduled Income Actual 71776 Tenant Pays Cable TvElectricityGas/Propane Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1740.0 Unit2 Rent Actual 1300.0 Unit3 Rent Actual 1350.0 Unit4 Rent Actual 1200.0 Zoning Assessor

    Listing provided courtesy of Treeline Realty. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Steven G. Fraioli & Associates
    13176 Midbluff Ave
    San Diego CA, 92128