Skip To Content
    Return to Previous Page

    1020 College View Drive

    Monterey Park, CA 91754
    • $1,700,000
    • STATUS: SOLD
    • ON SITE: 274 days
    • ID#: 301762584
    Sold - 08/07/2020
    $1,700,000
    SOLD - 08/07/2020
    • 2
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    BACK ON THE MARKET! SELLER FINANCING AVAILABLE! The entire exterior building was painted in June 2020 and new outdoor lighting fixtures were added. Offered for the first time on the market, 1020 College View Drive is a 6-unit investment opportunity located in the desirable city of Monterey Park, California. The 5,292 square foot building was constructed in 1959 and consists of six large two bedroom/one bathroom floorplans of approximately 882 square feet. The two-story property sits on a 8,553 square foot BACK ON THE MARKET! SELLER FINANCING AVAILABLE! The entire exterior building was painted in June 2020 and new outdoor lighting fixtures were added. Offered for the first time on the market, 1020 College View Drive is a 6-unit investment opportunity located in the desirable city of Monterey Park, California. The 5,292 square foot building was constructed in 1959 and consists of six large two bedroom/one bathroom floorplans of approximately 882 square feet. The two-story property sits on a 8,553 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 and an on-site laundry room. The building has been recently re-piped with copper to reduce future maintenance expenses.

    Monthly Payment Calculator

    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.dreamlivingsd.com/homes/100686282
    Print Image

    1020 College View Drive Monterey Park, CA 91754

    • Price: $1,799,999
    • Status: SOLD
    • Updated: 47 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
    BACK ON THE MARKET! SELLER FINANCING AVAILABLE! The entire exterior building was painted in June 2020 and new outdoor lighting fixtures were added. Offered for the first time on the market, 1020 College View Drive is a 6-unit investment opportunity located in the desirable city of Monterey Park, California. The 5,292 square foot building was constructed in 1959 and consists of six large two bedroom/one bathroom floorplans of approximately 882 square feet. The two-story property sits on a 8,553 square foot BACK ON THE MARKET! SELLER FINANCING AVAILABLE! The entire exterior building was painted in June 2020 and new outdoor lighting fixtures were added. Offered for the first time on the market, 1020 College View Drive is a 6-unit investment opportunity located in the desirable city of Monterey Park, California. The 5,292 square foot building was constructed in 1959 and consists of six large two bedroom/one bathroom floorplans of approximately 882 square feet. The two-story property sits on a 8,553 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 and an on-site laundry room. The building has been recently re-piped with copper to reduce future maintenance expenses.
    Exterior Features

    Pool N/K Site Curbs

    Interior Features

    Total Baths Unit1 1

    Property Features

    Actual Cap Rate 4.17 Annual Expense Actual 33908 Buildings 1 Gross Rent Multiplier Actual 16.44 Gross Scheduled Income Actual 109500 Unit Number For Unit1 1 Unit1 Rent Actual 1520.0 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.
     
    https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_301762584-1.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_301762584-1.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_301762584-1.jpg
    Logo
    Cay, Carly & Patrick | Keller Williams
    12780 High Bluff Drive
    San Diego CA, 92130