1020 College View Drive

    Monterey Park, CA 91754
    • $1,828,888
    • STATUS: Active
    • ON SITE: 235 days
    • ID#: CV19154950
    UPDATED: 58 min ago
    $1,828,888
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,292
      SQFT
    • $346
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    NEW PRICING! 4.28% Cash on Cash Return on Actual! 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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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-22T12:28:11.54. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Costantino Group | Cal American Homes and Realty. Licensed in the State of California, USA.

    www.livelovethefoothills.com/homes/96457216

    1020 College View Drive Monterey Park, CA 91754

    • Price: $1,828,888
    • Status: Active
    • Updated: 58 min ago
    • ID#: CV19154950
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    5,292
    SQFT
    $346
    $/SQFT
    1959
    Built
    Neighborhood:
    641 - Monterey Park
    County:
    Los Angeles
    Area:
    641 - Monterey Park
    Property Description
    NEW PRICING! 4.28% Cash on Cash Return on Actual! 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

    Garage Spaces 0.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Common Area

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.01 Community Features CurbsSuburbanUrban Country Us Electric Expense 352.00 Elevation Units Feet Fuel Expense 1418.00 Gardener Expense 840.00 Gross Income 107629.00 Gross Multiplier 17.08 Gross Scheduled Income 107100.00 Insurance Expense 2500.00 Land Lease YN No Laundry Income 1000.00 Laundry YN Yes Maintenance Expense 3500.00 Net Operating Income 73421.00 New Construction YN No New Taxes Expense 21500.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 34208.00 Other Income1 600.00 Pest Control Expense 540.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 34208.00 Trash Expense 1779.00 Vacancy Allowance 1071 Water Sewer Expense 1779.00 Water Source Public Year Built Source Assessor Zoning Mpr3*

    Listing provided courtesy of David Covarrubias of Marcus & Millichap and Douglas Mccauley of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-22T12:28:11.54. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Costantino Group | Cal American Homes and Realty. Licensed in the State of California, USA.

     
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    Claremont CA, 91711