$2,850,000
SOLD AUG 18, 2025

1251 College View Dr Monterey Park, CA 91754

15 Beds
14 Baths
8,745 Sq Ft
0.35 Acres

Recently Sold

$326 Per Sq Ft

3% Below List Price

146 Days on Market

Highlights

  • 0.35 Acre Lot
  • Laundry Facilities
  • Wood Siding
  • Brightwood Elementary School Rated A

About This Home

As of August 2025

Constructed in 1959 on a 15,192 square foot double lot, 1251 College View Drive is a two-story, 13-unit property with a total building size of 8,745 square feet. The property is separately metered for gas and electric, is serviced by a new central water heater, and offers a gated pool, an on-site laundry facility, and covered parking with storage bins. 1251 College View Drive boasts a strong unit mix of one bachelor/one-bathroom unit, ten one-bedroom/one-bathroom units, one two-bedroom/one-bathroom unit, and one two-bedroom/two-bathroom unit. The units offer wall units for cooling. With current rents approximately 25% below market, a new owner is presented with the opportunity to increase rents to market upon vacancy or further increase rental income with complete unit renovations. There are no local rent control restrictions, but the property is subject to AB 1482. The property offers easy access to the 10, 60, and 710 freeways, providing ease of access to neighboring cities as well as Downtown Los Angeles, located less than 8 miles away. 1251 College View Drive is walking distance to East Los Angeles College (ELAC), which has a enrollment of approximately 30,321 students.

Last Agent to Sell the Property

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 03/11/2025

Last Buyer's Agent

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.35 Acre Lot

Home Design

  • Flat Roof Shape
  • Frame Construction
  • Wood Siding
  • Stucco

Interior Spaces

  • 8,745 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 14 Bathrooms

Parking

  • 12 Parking Spaces
  • 6 Carport Spaces

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Central Water Heater

Community Details

  • 13 Units
  • Laundry Facilities
  • Vacancy Allowance $7,336

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for gardener, water
  • Assessor Parcel Number 5253-033-043

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 8745
  • Lot Acreage: 0.3488
  • Stories: 2
  • Year Built: 1959
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 15
  • Laundry: Community
  • Total Bathrooms: 14.00
  • Price Per S Q F T: 337.34

Exterior Features

  • Construction: Frame, Stucco, Wood Siding
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool Expense: 3495.00
  • Pool: No
  • Roof: Flat
  • Spa Yn: No

Garage/Parking

  • Carport Spaces: 6
  • Covered Parking: 6
  • Parking Garage: Carport, Covered Parking
  • Total Parking: 12

Utilities

  • Water Heater: Central Water Heater
  • Cooling: Wall Unit(s)
  • Electric Expense: 2262.00
  • Heating: Wall
  • Water Heaters: Yes

Condo/Co-op/Association

  • Professional Management: 11859.00

Fee Information

  • Gas Expense: 2893.00
  • Insurance Expense: 6326.00
  • Maintenance Expense: 9100.00
  • Other Expense: 17204.00

Lot Info

  • Assessor Parcel Number: 5253-033-043
  • Lot Size Area: 15192

Rental Info

  • Owner Pays: Gardener, Water
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 12.17
  • Number Of Units: 13
  • Total Annual Expense: 95672
  • Type Of Units: Multifamily
  • Vacancy Allow: 7336
  • Vacancy Rate: 3%

Tax Info

  • Tax Expense: 40913.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2025 08/18/25 Sold $2,850,000 -3.4% $326 / Sq Ft
08/04/2025 08/04/25 Pending -- -- --
03/11/2025 03/11/25 For Sale $2,950,000 -- $337 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Priscilla Nee

    Seller's Agent in 2025

    Priscilla Nee

    CB Richard Ellis, Inc.

    (310) 550-2500

    5 in this area

    34 Total Sales

    Priscilla Nee
    Section Image
  • Benjamin Hsiang

    Buyer's Agent in 2025

    Benjamin Hsiang

    Realty Investment Advisors, Inc.

    (424) 377-6001

    3 in this area

    72 Total Sales

    Benjamin Hsiang
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 25503037

The MLS
California Los Angeles County Monterey Park 91754

1251 College View Dr, Monterey Park, CA

This home is located at 1251 College View Dr, Monterey Park, CA 91754 and is currently priced at $2,850,000, approximately $325 per square foot. This property was built in 1959. 1251 College View Dr is a home located in Los Angeles County with nearby schools including Brightwood Elementary School, Mark Keppel High School, and KIPP Sol Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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