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Listed by Matt Cuong Ly • Coldwell Banker Realty
$ 1,550,000
Est. payment /mo
Active
1581 College View Drive Monterey Park, CA 91754
4,306 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,306 sqft
Price per Sqft $359
MLS Listing ID CRAR25109435
HOA Y/N No
Year Built 1960
Lot Size 8,240 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
This rare 5-unit apartment building in Monterey Park, built in 1960 with 4,306 sq. ft. on an 8,238 sq. ft. lot, hits the market for the first time in 20 years, offering strong existing rents and immense investment potential. Each of the five 2-bedroom, 1-bathroom units includes a private balcony or patio, with individual gas and electric meters for easy management. The property features 5 tuck-under and 5 tandem parking spaces, ensuring ample parking for tenants. Ideally located within walking distance to East Los Angeles College and Brightwood Elementary, it provides convenient access to the 710 and 60 freeways, Downtown LA, and numerous restaurants and retail options. Don’t miss this unique opportunity to own a well-maintained property in a thriving rental market
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate
Fireplace No
Laundry Other
Exterior
View Other
Building
Water Public
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