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Property Description

All leases are month to month and rents can be increased right after close. Excellent investment opportunity! Monterey Park City prime and high demanded rental area, +- 3800 SQFT buildings on a +- 7864 SQFT lot, total four very spacious and bright units. Ideal for living in one and collect rents on others. The front detached one-story single house has 3 bedrooms and 1.75 bathrooms with a private backyard ($1,800/month). The back two-story building has three 2 bedrooms 1 bathroom units ($1,330/month, $1,380/month, and $1,200/month), each one has a private balcony and shared big front patios. Six carport plus tandem total ten parking spaces, on-site laundry, separated electric and gas meters. Well maintained and very easy to manage. The rents are noticeably below market, offer investors over 37% upside potential. Flyer is attached in the supplements section. Very close to Brightwood Elementary School, Sunnyslopes Park, and East Los Angeles College; belonging to the famous Mark Keppel High School; just minutes away from Freeway 60, 710, and 10; only 5 miles away from Downtown Los Angeles. Walking distance to Atlantic Blvd commercial corridor, which has groceries, pharmacy stores, banks, restaurants, various shops, public transportations, and much more. Drive by only, do not disturb tenants, they don't know the sale.

Overview

Property Status
Sold
Date Sold
July 5, 2023
Lot Size
7,864 Sq.Ft.
MLS ID
WS23038143
Property Type
Multi-Family
Year Built
1962

Features & Amenities

Neighborhood
Monterey Park
Water Source
Public
Pool
None
Lot Features
Corner Lot
Laundry Room
Common Area
Sewer
Unknown
Sales Price
$1,450,000
Zoning
MPR3*

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1180 College View Drive

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    License #1523172

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