1741 College View Dr
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1741 College View Dr
6 Unit Apartment Building $1,795,000 ($299,167/Unit) 4.90% Cap Rate Monterey Park, CA 91754
Executive Summary
Long time Owners!! First time on market since 1965!! 6 Unit Apartment in Monterey Park, CA walking distance to East Los Angeles College and Brightwood Elementary. 3 miles from Cal State LA. All units are separately metered for electric and gas. Laundry units are owned by Seller and will be included with the sale for additional income. The building was just repainted 3 months ago. Milgard windows have been installed. Very convenient location with easy access to 710 FWY and 60 FWY. Less than 2 miles from Monterey Park Golf Club and 2.5 miles away from Montebello Country Club. Many parks, restaurants, retail shops, and coffee/tea shops nearby.
Property Facts In Escrow
| Price | $1,795,000 | Apartment Style | Low Rise |
| Price Per Unit | $299,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 4.90% | Building Size | 5,746 SF |
| Gross Rent Multiplier | 14.07 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.04/1,000 SF |
| Price | $1,795,000 |
| Price Per Unit | $299,167 |
| Sale Type | Investment |
| Cap Rate | 4.90% |
| Gross Rent Multiplier | 14.07 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 5,746 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.04/1,000 SF |
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Den
- Family Room
- Freezer
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 5252-028-039 | Improvements Assessment | $123,758 |
| Land Assessment | $39,867 | Total Assessment | $163,625 |
PROPERTY TAXES
Parcel Number
5252-028-039
Land Assessment
$39,867
Improvements Assessment
$123,758
Total Assessment
$163,625
zoning
| Zoning Code | MPR3YY |
| MPR3YY |
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1741 College View Dr
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