1541 College View Drive
Monterey Park, CA 91754
MLS #AR17063488

Income
  • 12units
  • 11,712sq ft
$3,980,000
Est. P&I payment: $15200.9/mo
1541 College View Drive, Monterey Park, CA 91754
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Description for 1541 College View Drive, Monterey Park, CA 91754
Well maintained 12 unit apartment with beautiful landscaping. Brightwood Elementary School. Huge lot. 2 units 3 bedrooms, 10 units 2 bedrooms. 4 with 1.75 baths, 8 with 1.5 baths. Some units built with balcony. Some units with patio. 8 units are 2 story, like condo style. 11 Units with updated kitchen including new counter tops and cabinets. Gated parking with 18 carport spaces. Laundry room on site. One storage room. Very convenient location. Very close to East LA College, Shopping plaza, markets and restaurants. Easy access to FWY 60, 14 minutes from downtown Los Angeles. 10 minutes from California State Los Angeles University. 17 minutes from University of Southern California. High desirable rental area. No rent control.
MLS #AR17063488
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My Notes for MLS #AR17063488

General Features

  • Number Of Buildings: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Year Built: 1962
  • Year Built Source: Assessor
  • Zoning: MPR3
  • Elevation Units: Feet

Exterior Features

  • Carport Spaces: 18
  • Lot Features: Landscaped
  • Lot Size SqFt: 16,402
  • Lot Size Units: Square Feet
  • Entry Location: ground level with steps
  • Parking YN: 1
  • Parking Features: Carport Attached,​Gated
  • Parking Total: 18
  • Pool Features: None
  • Common Walls: 2+ Common Walls
  • Property Attached YN: 1

Interior Features

  • Levels: Two
  • Spa Features: None
  • Average 1Bed Area Units: Square Feet
  • Average 2Bed Area Units: Square Feet
  • Average 3Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet

Utility Features

  • Cooling YN: 1
  • Cooling: Wall Window
  • Laundry YN: 1
  • Laundry Equipment Own Lease: Own
  • Laundry Features: Individual Room
  • Security Features: Automatic Gate,​Carbon Monoxide Detector(s),​Smoke Detector
  • Utilities: Sewer Connected
  • Water Source: Public
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1

Financial Features

  • Electric Expense: 684
  • Gross Scheduled Income: 270,000
  • Insurance Expense: 3,945
  • Laundry Income: 7,200
  • Maintenance Expense: 7,200
  • Operating Expense: 58,204
  • Price Per SqFt: 339.82
  • Tax Annual Amount: 33,428
  • Tax Year: 2016
  • Total Expenses: 58,204
  • Trash Expense: 3,738
  • Water Sewer Expense: 5,351
  • Tax Area: 1-840
  • Tax Lot: 90
  • Fuel Expense: 2,386
  • Gross Income: 17,400
  • Gross Operating Income: 241,200
  • Licenses Expense: 522
  • Pest Control Expense: 425
  • Total Actual Rent: 16,565

Community Features

  • Community Features: Curbs,​Sidewalks

Miscellaneous Features

  • Building Area Total: 11,712
  • Building Area Units: Square Feet
  • Days On Market: 158
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 158
  • Tax Tract Number: 21,871

Location

 
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Directions to 1541 College View Drive, Monterey Park, CA 91754
Cross Streets: Atlantic Blvd & Floral Dr.
Listing information for 1541 College View Drive, Monterey Park, CA 91754 was graciously provided by our friends at the listing brokerage, Coldwell Banker George Realty and by listing agent Chau Jessie DRE# 01450776

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 01/21/2018 at 6:08am
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