1581 College View Drive Monterey Park, CA 91754
Listing Courtesy of: CRMLS / Coldwell Banker Realty / Cuong "Matt" Ly - Contact:  matt.ly@cbcnrt.com

  1581 College View Drive Monterey Park, CA 91754

Active (3 Days)
$1,550,000

Description

This rare 5-unit apartment building in Monterey Park, built in 1960 with 4,306 sq. ft. on an 8,238 sq. ft. lot, hits the market for the first time in 20 years, offering strong existing rents and immense investment potential. Each of the five 2-bedroom, 1-bathroom units includes a private balcony or patio, with individual gas and electric meters for easy management. The property features 5 tuck-under and 5 tandem parking spaces, ensuring ample parking for tenants. Ideally located within walking distance to East Los Angeles College and Brightwood Elementary, it provides convenient access to the 710 and 60 freeways, Downtown LA, and numerous restaurants and retail options. Don’t miss this unique opportunity to own a well-maintained property in a thriving rental market

MLS #:
AR25109435
Lot Size
8,240 SQFT
Type
Multifamily
Year Built
1960
Views
Neighborhood
County
Los Angeles County

Listed By

Cuong "Matt" Ly, DRE #01441481 CA, Coldwell Banker Realty, Contact: matt.ly@cbcnrt.com
Source
CRMLS
Last checked May 20 2025 at 5:38 AM GMT+0000
Bathroom Details
Interior Features
  • Laundry: Common Area
  • Gas Range
Property Features
  • Foundation: Slab
Heating and Cooling
  • Wall Furnace
  • Wall/Window Unit(s)
Flooring
  • Laminate
Exterior Features
  • Roof: Flat
Utility Information
  • Utilities: Electricity Connected, Natural Gas Connected, Water Source: Public
  • Sewer: Public Sewer
Parking
  • Assigned
Stories
  • 2
Additional Information: Arcadia | matt.ly@cbcnrt.com
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Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.