1251 College View Drive, Monterey Park, CA 91754 - Berkshire Hathaway HomeServices California Properties

1251 College View Drive, Monterey Park, CA 91754

$2,950,000 Approx. USD 15 beds, 14 baths
8,745 sqft

Listing Agent


Priscilla Nee | priscilla.nee@cbre.com
Lic#: 01435254
Broker: Courtesy of CB Richard Ellis, Inc.

Agent Remarks

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 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 25% 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 enrollment of approximately 30,321 students.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25503037
Price: $2,950,000
Beds: 15
Baths: 14
None fireplaces
Built in 1959
8,745 sqft
2 stories
0.35 acres
Lot size: 0.3488
County: Los Angeles
Zoning: MPR3YY
Construction: Frame,Stucco,Wood Siding
Parking description: Covered,Carport
Heating description: Wall Furnace
MLS area: 641 - Monterey Park

Last Updated: 3/12/2025

 Days On Market (DOM): 62

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This listing belongs to the 641 - Monterey Park MLS area

Lat/Long: 34.043080, -118.147466.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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