CA > Monterey Park
Monterey Park, CA 91754,1251 College View Dr
Monterey Park, CA 91754,1251 College View Dr
Monterey Park, CA 91754,1251 College View Dr
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$2,950,000
Est. payment /mo
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15 Beds
14 Baths
8,745 SqFt
Active

1251 College View Dr Monterey Park, CA 91754

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Oscar Veloz

Oscar Veloz

+1(702) 901-1855

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,745 sqft

Price per Sqft $337

MLS Listing ID 25503037

Bedrooms 15

Year Built 1959

Lot Size 0.349 Acres

Acres 0.3488

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Monterey Park

Zoning MPR3YY

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Fireplaces Type None

Equipment Other

Laundry Community

Exterior

Parking Features Carport, Covered Parking

Garage Spaces 12.0

Pool None

Waterfront Description None

Roof Type Flat

Building

Story 2

Level or Stories Two

Structure Type Frame, Stucco, Wood Siding

Others

Special Listing Condition Standard

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 CB Richard Ellis, Inc.

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agent

Oscar Veloz

Realtor | RE.S.0184836

+1(702) 901-1855

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1251 College View Dr