1251 College View DriveMonterey Park, California91754United States
$3,100,000
15 BDResidential Income
1 of 8
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Constructed in 1959 on a 15,192 square foot double lot, 1251 College View Drive is a two-story, 13-unit property with a total building size of 8,745 square feet. The property is separately metered for gas and electric, is serviced by a central...
$3,100,000
15
Bedrooms
8,745
Sq Ft.
Interior
.3488 Acres
Exterior
Residential Income
Property type
1959
Year Built
24380549
Web Id
24380549
MLS ID
Alhambra Unified
School District
16
days ago
About 1251 College View Drive
Constructed in 1959 on a 15,192 square foot double lot, 1251 College View Drive is a two-story, 13-unit property with a total building size of 8,745 square feet. The property is separately metered for gas and electric, is serviced by a central water heater, and offers a gated pool, an on-site laundry facility, and covered and carport parking with storage bins. 1251 College View Drive boasts a strong unit mix of one bachelor/one-bathroom unit, ten one-bedroom/one-bathroom units, one two-bedroom/one-bathroom unit, and one two-bedroom/two-bathroom unit. The units offer wall units for cooling. With current rents approximately 26% below market, a new owner is presented with the opportunity to increase rents to market upon vacancy or further increase rental income with complete unit renovations. There are no local rent control restrictions, but the property is subject to AB 1482. The property offers easy access to the 10, 60, and 710 freeways, providing ease of access to neighboring cities as well as Downtown Los Angeles, located less than 8 miles away. 1251 College View Drive is walking distance to East Los Angeles College (ELAC), which has a 2023 enrollment of 33,397 students.
Listing Courtesy of Priscilla Nee, CB Richard Ellis, Inc., 01435254, Active
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.