CA > Monterey Park
Monterey Park, CA 91754,1120 College View DR

$1,751,688

$1,810,000

3.2%
Est.Price: ?

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Est. payment /mo

8,215 Sqft Lot

SOLD DATE : 02/15/2022

Key Details

Sold Price $1,751,688

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR22005967

Sold Date 02/15/22

HOA Y/N No

Year Built 1960

Lot Size 8,215 Sqft

Property Description

6 Unit investment opportunity located in the desirable city of Monterey Park, California. The 5315 square foot building was constructed in 1960 and consists of six large two bedroom/one and a half bathroom floorplans of approximately 886 square feet. The two-story property sits on an 8214 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. The forecasted rent is $9400 per month which is based on the seller's appraisal report. It is a very investment project

Location

State CA

County Los Angeles

Area 641 - Monterey Park

Zoning MPR3*

Interior

Interior Features Balcony, Ceiling Fan(s), Walk-In Closet(s)

Flooring Carpet

Fireplace No

Appliance Built-In Range, Electric Cooktop, Electric Oven, Electric Range, Microwave, Range Hood

Laundry Common Area

Exterior

Pool None

Community Features Curbs, Urban

Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available

View Y/N Yes

View City Lights, Neighborhood

Accessibility Parking

Private Pool No

Building

Lot Description 6-10 Units/Acre

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5253013024

Security Features Carbon Monoxide Detector(s)

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange

Financing Cash

Special Listing Condition Standard

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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141

Our team is ready to help you sell your home for the highest possible price ASAP

CRMLS – RECore
Listed by Sen Wang Rega Realty Services
Bought with Jin Gan Berkshire Hathaway HSCP
The Warburton Team Brokered By EXp

+1(626) 630-2141

andreww@gowpnow.com

43620 Ridge Park Dr, Temecula, CA, 92590, United States

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