NOT LISTED FOR SALE

1681 College View Dr Monterey Park, CA 91754

1 Bed
2 Baths
8,770 Sq Ft
0.39 Acres

Last Sold April 25, 2017

Last sale price $2,725,000 $311 Per Sq Ft

6 Days on Market

Highlights

  • 16,916 Sq Ft lot
  • Brightwood Elementary School Rated A
  • Laundry Room

About This Home

As of April 2017

The unit mix consists of Twelve (12) One Bedroom / One Bathroom and Two (2) Studio / One Bathroom, building was recently re-roof in 2015.Asset amenities include, Separate Gas & Electrical Metering, assigned Parking for Fourteen (14) Vehicles and Onsite Coin-Op Laundry Facilities. Considering the quality of the maintenance, the location within Monterey Park and the exceptional strong and stable income of the asset. Located within short distance to East Los Angeles College and Atlantic Square Shopping Center.The surrounding area has experienced a tremendous influx of new and vibrant entertainment, professional and retail amenities. Gorgeous view of the city light.

Last Agent to Sell the Property

Steve Hang

CBD INVESTMENT INC. License #01260352 Listed on: 02/08/2017

CBD INVESTMENT INC.

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

  • 0.39 Acre Lot
  • Two or More Common Walls

Home Design

  • 8,770 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Laundry

  • Laundry Room

Parking

  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 98
  • Tax Tract Number 21871
  • Assessor Parcel Number 5252028042

Community Details

Building Details

  • 14 Leased Units
  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $780
  • Gardener Expense $1,000
  • Insurance Expense $4,830
  • Water Sewer Expense $9,400
  • New Taxes Expense $32,500
  • Operating Expense $53,574
  • Gross Income $151,668
  • Net Operating Income $98,094

Additional Features

  • 14 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 9400.00
  • Zoning: MPR3YY
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 5252028042
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 310.72

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 16916.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 780.00
  • Gross Income: 151668.00
  • Gross Scheduled Income: 151668.00
  • Insurance Expense: 4830.00
  • Net Operating Income: 98093.74
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Operating Expense: 53574.20
  • Rent Control: No
  • Total Actual Rent: 151668.00
  • Total Expenses: 53574.00

Tax Info

  • New Taxes Expense: 32500.00
  • Tax Census Tract: 4820.02
  • Tax Lot: 98
  • Tax Tract Number: 21871

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
04/25/2017 04/25/17 Sold $2,725,000 +2.8% $311 / Sq Ft
02/08/2017 02/08/17 For Sale $2,650,000 -- $302 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steve Hang

    Seller's Agent in 2017

    Steve Hang

    CBD INVESTMENT INC.

    (626) 446-8999

    3 in this area

    17 Total Sales

    Section Image
  • Benjamin Hsiang

    Buyer's Agent in 2017

    Benjamin Hsiang

    Realty Investment Advisors, Inc.

    (424) 377-6001

    2 in this area

    72 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS17026615

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Monterey Park 91754

1681 College View Dr, Monterey Park, CA

This home is located at 1681 College View Dr, Monterey Park, CA 91754 since 08 February 2017. This property was built in 1959. 1681 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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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