1179 College View Drive, Monterey Park, CA 91754
Commercial property
Sold January 2024
Listing Agent: Krikor Garabedian (DRE #01216376) · Listing Office: Keller Williams R. E. Services · Contact: 818-298-8810 · Bought with: Stephen Eng · Convoy Real Estate · MLS #GD23206734 · Source: CRMLS
About this commercial property
We are pleased to present a 5-unit apartment building located in Monterey Park, California, only one block walking distance to East Los Angeles College. East Los Angeles College is a public community college and has one of the largest student body campus by enrollment in the state of California. The property will be delivered 100% vacant allowing an investor the freedom to renovate and immediately obtain market rate rents. The unit mix is all 2 bedroom and 1 bathroom, with large units. The building is located on a corner, which allows for plenty of sunlight to all the units. In addition, the top units have outdoor balconies, and the bottom two units each have an outdoor patio area. Projected proforma rents are around $2,150 per unit, however with amenities such as outdoor patios and balconies it’s possible that a higher market rents can be achieved depending on quality of interior renovations. The property has onsite tuck under parking for 5-spaces.
Listing description from the January 2024 sale, as reported to CRMLS.
Sale history