$1,710,000
SOLD JAN 29, 2025

1741 College View Dr Monterey Park, CA 91754

11 Beds
9 Baths
5,746 Sq Ft
8,513 Sq Ft Lot

Recently Sold

$298 Per Sq Ft

10% Below List Price

121 Days on Market

Highlights

  • Laundry Room
  • Brightwood Elementary School Rated A
  • 5-minute walk to Sunnyslopes Park

About This Home

As of January 2025

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.

Last Agent to Sell the Property

DONALD LA

KW Executive Brokerage Phone: 626-888-2995 License #01928418 Listed on: 07/29/2024

KW Executive

Last Buyer's Agent

Rosa Gastelum

CENTURY 21 REALTY MASTERS License #02035129

CENTURY 21 REALTY MASTERS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 8,513 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 5,746 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 102
  • Tax Tract Number 21871
  • Assessor Parcel Number 5252028039
  • $2,018 per year additional tax assessments

Community Details

Overview

  • 6 Units

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $408
  • Fuel Expense $1,548
  • Gardener Expense $1,200
  • Insurance Expense $2,400
  • Other Expense $2,018
  • Trash Expense $2,448
  • Water Sewer Expense $4,584
  • New Taxes Expense $25,093
  • Operating Expense $39,700
  • Gross Income $127,584
  • Net Operating Income $87,884

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • CapRate: 4.90
  • Price Per Unit: 299167
  • Property Attached: Yes
  • Water Sewer Expenses: 4584.00
  • Zoning: MPR3YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5252028039
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 297.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Outside
  • Sewer: Public Sewer
  • Trash Expense: 2448.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8513.00
  • Lot Size Acres: 0.1954

Multi Family

  • Electric Expense: 408.00
  • Fuel Expense: 1548.00
  • Gross Income: 127584.00
  • Gross Multiplier: 14.07
  • Gross Scheduled Income: 127584.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 8513.0000 Square Feet
  • Net Operating Income: 87884.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 39700.00
  • Other Expense: 2018.00
  • Other Expense Description: DA
  • Rent Control: Yes
  • Total Expenses: 39700.00

Tax Info

  • New Taxes Expense: 25093.00
  • Tax Census Tract: 4820.02
  • Tax Lot: 102
  • Tax Tract Number: 21871
  • TaxOtherAnnualAssessmentAmount: 2018.00

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
01/29/2025 01/29/25 Sold $1,710,000 -4.7% $298 / Sq Ft
11/27/2024 11/27/24 Pending -- -- --
10/07/2024 10/07/24 Price Changed $1,795,000 -5.3% $312 / Sq Ft
07/29/2024 07/29/24 For Sale $1,895,000 -- $330 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • DONALD LA

    Seller's Agent in 2025

    DONALD LA

    KW Executive

    (626) 824-8853

    3 in this area

    57 Total Sales

    DONALD LA
    Section Image

  • R

    Buyer's Agent in 2025

    Rosa Gastelum

    CENTURY 21 REALTY MASTERS

    (323) 317-6519

    2 in this area

    15 Total Sales

    Rosa Gastelum
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS24155219

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Monterey Park 91754

1741 College View Dr, Monterey Park, CA

This home is located at 1741 College View Dr, Monterey Park, CA 91754 and is currently priced at $1,710,000, approximately $297 per square foot. This property was built in 1958. 1741 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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