CA > Monterey Park
Monterey Park, CA 91754,1581 College View Dr
Monterey Park, CA 91754,1581 College View Dr
Monterey Park, CA 91754,1581 College View Dr
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Ron Taibi

Ron Taibi

+1(661) 212-1135
$1,499,000
Est. payment /mo
10 Beds
5 Baths
4,306 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,306 sqft

Price per Sqft $348

MLS Listing ID 25602295

Bedrooms 10

Year Built 1960

Lot Size 8,240 Sqft

Acres 0.1892

Property Sub-Type Multi-Family

Property Description

Located at 1581 College View Drive in Monterey Park, CA, this well maintained 5-unit multifamily building was constructed in 1960, spans4,306 square feet, and sits on an 8,238-square-foot lot zoned MPR3YY.The property offers a desirable unit mix of (5) 2-bedroom, 1-bath units. Each unit is individually metered for gas and electricity, while water and sewer are master-metered. On-site amenities include a laundry facility, providing added convenience for tenants. Electrical at the property was recently updated and it is set up to add charging stations for electric vehicles. Additionally, the roof was just replaced. Plumbing has been updated to copper over time throughout most of the building. The property offers 5 tuck-under parking spaces. This apartment building presents a solid investment opportunity with stable income with approximately 20%upside in rents, in a sought-after Monterey Park location near schools, shopping, and major transportation routes. The property is subject to California state rent control, AB1482.

Location

State CA

County Los Angeles

Area Monterey Park

Zoning MPR3YY

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment Cable

Laundry Community

Exterior

Parking Features Tandem, Covered Parking

Garage Spaces 10.0

Pool None

Waterfront Description None

View Y/N Yes

View City

Roof Type Bitumen

Building

Story 2

Foundation None

Sewer In Street

Water District

Level or Stories Two

Structure Type Hard Coat

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by NAI Capital Commercial Inc.

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Ron Taibi

Ron Taibi

+1(661) 212-1135

Agent | License ID: 01240158

Agent License ID: 01240158

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