1020 College View Drive

    Monterey Park, CA 91754
    • $1,849,000
    • STATUS: ACTIVE
    • ON SITE: 205 days
    • ID#: 301762584
    UPDATED: 42 min ago
    $1,849,000
    • 2
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    NEW PRICING! 5.06% Proforma Cap Rate! Offered for the first time on the market, 1020 College View Drive presents a great opportunity for an investor to acquire a well located, value add 6 unit apartment building located in the desirable city of Monterey Park, California. The 5,292 square foot building was constructed in 1959 and consists of (6) two bedroom/one bathroom floorplans. The two story property sits on a 8,553 square foot lot and is located West of Atlantic Boulevard, North of Floral Drive and di NEW PRICING! 5.06% Proforma Cap Rate! Offered for the first time on the market, 1020 College View Drive presents a great opportunity for an investor to acquire a well located, value add 6 unit apartment building located in the desirable city of Monterey Park, California. The 5,292 square foot building was constructed in 1959 and consists of (6) two bedroom/one bathroom floorplans. The two story property sits on a 8,553 square foot lot and is located West of Atlantic Boulevard, North of Floral Drive and directly across from East Los Angeles College. The property features (6) tandem parking spaces (twelve total) in front of the building, storage bins in the carport area and each unit offers a spacious patio or balcony. In addition, the building has been re piped with copper and is serviced by a central water heater. The property is ideally situated in Monterey Park with easy access to Highway 60 Interstate 10 and the 710 Long Beach Freeway Because of its central location and proximity to Downtown Los Angeles, the city is well served by the Atlantic Transit Station Gold Line, Metrolink and bus transit, providing its residents many alternative ways of traveling to work, entertainment, dining, shopping, and home.

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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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.triolorealty.com/homes/100686282

    1020 College View Drive Monterey Park, CA 91754

    • Price: $1,849,000
    • Status: ACTIVE
    • Updated: 42 min ago
    • ID#: 301762584
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    1959
    Built
    Neighborhood:
    Monterey Park (91754)
    County:
    Los Angeles
    Area:
    Monterey Park (91754)
    Property Description
    NEW PRICING! 5.06% Proforma Cap Rate! Offered for the first time on the market, 1020 College View Drive presents a great opportunity for an investor to acquire a well located, value add 6 unit apartment building located in the desirable city of Monterey Park, California. The 5,292 square foot building was constructed in 1959 and consists of (6) two bedroom/one bathroom floorplans. The two story property sits on a 8,553 square foot lot and is located West of Atlantic Boulevard, North of Floral Drive and di NEW PRICING! 5.06% Proforma Cap Rate! Offered for the first time on the market, 1020 College View Drive presents a great opportunity for an investor to acquire a well located, value add 6 unit apartment building located in the desirable city of Monterey Park, California. The 5,292 square foot building was constructed in 1959 and consists of (6) two bedroom/one bathroom floorplans. The two story property sits on a 8,553 square foot lot and is located West of Atlantic Boulevard, North of Floral Drive and directly across from East Los Angeles College. The property features (6) tandem parking spaces (twelve total) in front of the building, storage bins in the carport area and each unit offers a spacious patio or balcony. In addition, the building has been re piped with copper and is serviced by a central water heater. The property is ideally situated in Monterey Park with easy access to Highway 60 Interstate 10 and the 710 Long Beach Freeway Because of its central location and proximity to Downtown Los Angeles, the city is well served by the Atlantic Transit Station Gold Line, Metrolink and bus transit, providing its residents many alternative ways of traveling to work, entertainment, dining, shopping, and home.
    Exterior Features

    Pool N/K Site Curbs

    Interior Features

    Total Baths Unit1 1

    Property Features

    Actual Cap Rate 3.86 Annual Expense Actual 35508 Buildings 1 Gross Rent Multiplier Actual 17.26 Gross Scheduled Income Actual 107100 Unit Number For Unit1 1 Unit1 Rent Actual 8925.0 Water Meter On Property Zoning Mpr3*

    Listing provided courtesy of Marcus & Millichap. Listing information © 2020 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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130