NOT LISTED FOR SALE

1700 College View Dr Monterey Park, CA 91754

Estimated Value: $1,246,733 - $1,298,000

5 Beds
3 Baths
2,344 Sq Ft
$541/Sq Ft Est. Value

Last Sold May 30, 2024

Last sale price $1,234,340 $527 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,106/month

24 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Brightwood Elementary School Rated A
  • Laundry Room
  • Back Yard

About This Home

As of May 2024

Looking for a multi-family property in sought-after Monterey Park? This is the one! It's a GOOD DEAL for investors! The property includes a 3bed/2bath main house, along with a 2bed/1bath apartment above the garage. Rent out both units to get more income, or test out the short-term rental market. The 1544 sq ft main house is a single-level rancher with a big front porch and double entry doors. The layout is great, it only needs minor cosmetic upgrades to attract tenants in 2024. Just steps away from the kitchen, you'll find a covered back patio that spans the entire length of the house. You have plenty of room for alfresco dining & entertaining, and there’s a fenced-in yard for Fido, too. The isolated primary bedroom includes access to the patio as well. BONUS: This property sits at the edge of a hill, so no back neighbors! The garage layout is unique, as it allows the owner to access 3 bays, while the tenant has a separate driveway & 1-car garage at the back. The 800-sq ft garage apartment has a private back entrance and a covered patio with tree-top views. The interior was updated in 2020, with new floors and appliances. The corner windows bring in lots of natural light, and the kitchen has tons of cabinet & counter space. The large bedrooms share the updated hallway bathroom, complete with a custom-tiled tub surround. This house lives up to its street name, as the backyard overlooks the campus of East Los Angeles College. Since the school is across the street, you will always have tenants lined up to live this close to campus. There are lots of shopping & dining options along Atlantic Ave., which is within a 15-min walk or 3-min drive. Hop on the 60 Fwy or the 710 in no time at all! Two blocks away from Brightwood elementary school. Now is the time to invest in fast-growing Monterey Park!Or you could live in one & rent out the other for extra income.

Last Agent to Sell the Property

Raymond Tsai

Pinnacle Real Estate Group License #01784303 Listed on: 03/01/2024

Pinnacle Real Estate Group

Last Buyer's Agent

Olivia Hemaratanatorn

ESTATES ROYALE License #01976877

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,309

Year Built

  • Built in 1968

Lot Details

  • 7,653 Sq Ft Lot
  • No Common Walls
  • Back Yard

Parking

  • 4 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,344 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 107
  • Tax Tract Number 21871
  • Assessor Parcel Number 5252029037
  • $694 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $60,660
  • Net Operating Income $58,395

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,309

Year Built

Built in 1968

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: Cherrie (Asst.)
  • Other Phone Number: 626-214-6780
  • Price Per Unit: 550000
  • Property Attached: No
  • Zoning: MPR3*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5252029037
  • Year Built: 1968
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Ground Level
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 526.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 7653.00
  • Lot Size Acres: 0.1757

Multi Family

  • Gross Income: 60660.00
  • Gross Scheduled Income: 60660.00
  • Lot Size Area: 7653.0000 Square Feet
  • Net Operating Income: 58395.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 4820.02
  • Tax Lot: 107
  • Tax Tract Number: 21871
  • TaxOtherAnnualAssessmentAmount: 694.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2024
Closed on
May 23, 2024
Sold by
May Aoyagi Trust and Aoyagi May
Bought by
Chow Jonathan
Seller's Agent
Raymond Tsai
Pinnacle Real Estate Group
Buyer's Agent
Olivia Hemaratanatorn
ESTATES ROYALE
List Price
$1,100,000
Sold Price
$1,234,340
Premium/Discount to List
$134,340
12.21%
Views
9
Current Estimated Value
$1,268,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,593
Avg. Annual Appreciation
2.29%
Original Mortgage
$450,000
Outstanding Balance
$444,738
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$824,195

Purchase Details

Closed on
Sep 2, 2003
Sold by
Aoyagi May
Bought by
Aoyagi May and The May Aoyagi Trust
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chow Jonathan $1,234,500 Wfg National Title
Aoyagi May -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chow Jonathan $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2024 05/30/24 Sold $1,234,340 0.0% $527 / Sq Ft
05/30/2024 05/30/24 Sold $1,234,340 +12.2% $527 / Sq Ft
04/19/2024 04/19/24 For Sale $1,100,000 -10.9% $469 / Sq Ft
04/01/2024 04/01/24 Off Market $1,234,340 -- --
04/01/2024 04/01/24 Off Market $1,234,340 -- --
03/25/2024 03/25/24 Pending -- -- --
03/25/2024 03/25/24 Pending -- -- --
03/22/2024 03/22/24 For Sale $1,100,000 0.0% $469 / Sq Ft
03/22/2024 03/22/24 For Sale $1,100,000 -10.9% $469 / Sq Ft
03/15/2024 03/15/24 Off Market $1,234,340 -- --
03/15/2024 03/15/24 Off Market $1,234,340 -- --
03/01/2024 03/01/24 For Sale $1,100,000 0.0% $469 / Sq Ft
02/29/2024 02/29/24 For Sale $1,100,000 -- $469 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,309 $1,259,026 $881,280 $377,746
2024 $2,309 $126,849 $39,867 $86,982
2023 $2,265 $124,363 $39,086 $85,277
2022 $2,175 $121,925 $38,320 $83,605
2021 $2,134 $119,535 $37,569 $81,966
2019 $2,072 $115,991 $36,455 $79,536
2018 $1,942 $113,718 $35,741 $77,977
2016 $1,837 $109,304 $34,354 $74,950
2015 $1,811 $107,663 $33,838 $73,825
2014 $1,802 $105,555 $33,176 $72,379
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS24041589

California Regional Multiple Listing Service (CRMLS)

APN: 5252-029-037