SOLD 01/31/2024
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Commercial sold for $1,175,000 in 87 days
1179 College View Dr Monterey Park, CA, 91754
Off the market Comm Ind For Sale
We are pleased to present a 5-unit apartment building located in Monterey Park, California, only one block walking distance to East Los Angeles College. East Los Angeles College is a public community college and has one of the largest student body campus by enrollment in the state of California. The property will be delivered 100% vacant allowing an investor the freedom to renovate and immediately obtain market rate rents. The unit mix is all 2 bedroom and 1 bathroom, with large units. The building is located on a corner, which allows for plenty of sunlight to all the units. In addition, the top units have outdoor balconies, and the bottom two units each have an outdoor patio area. Projected proforma rents are around $2,150 per unit, however with amenities such as outdoor patios and balconies it’s possible that a higher market rents can be achieved depending on quality of interior renovations. The property has onsite tuck under parking for 5-spaces.
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Property details
4,828 sqft interior area
Land area
6,579 sqft (0.15 acres)
Address
1179 College View Dr, Monterey Park, CA, 91754
City of California
Monterey Park
County
Los Angeles
Year Built
1959
Parking Spaces
5
District
Listing
Nearby major retailers
Costco
Lowe's
Walmart Supercenter
BMW
Albertsons
Aldi
Wholesale: 3
Do it yourself: 1
Supermarket: 5
Car: 1
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Listed by
Krikor Garabedian, Keller Williams R. E. Services
Name
Krikor Garabedian
License number
01216376
Brokerage company
Keller Williams R. E. Services
MLS #
CRGD23206734
Buyer agent
Name
Stephen Eng
Brokerage company
Convoy Real Estate
Payment calculator
Calculate your monthly payments
Mortgage
$3,608
Taxes
$0
HOA dues
$0
Mortgage
$235,000 / 20%
2.28%
30 years
Your amount
$3,608 / month
Lot details
TMK #5253014001
Parcel nr.
5253014001
91754 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 91754
40%
Families with children
National average: 39%
23%
Non family households
551,412
Population
$66,751
Average Income
Age & gender
Median age 37 years
More info
Commute types
86% commute by car
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Education level
32% have not graduated education
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Number of employees
2% work in education and healthcare
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Vehicles available
35% have 2 vehicle
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Vehicles by gender
35% have 2 vehicle
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Housing market insights for
$855.78k
Neighborhood average
sales price*
sales price*
$800k
Neighborhood median
sales price*
sales price*
432
Number
of sales*
of sales*
Housing type
58% are single detacheds
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Rooms
49% of the houses have 4 or 5 rooms
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Bedrooms
68% have 2 or 3 bedrooms
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Owners vs Renters
55% are renters
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15.83 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Jan 31, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jan 31, 2024 | Sold | $1,175,000 | 0 | Public Record |
| Jan 31, 2024 | Price Decrease | $1,175,000 -24.19% | 0 | MLS #CRGD23206734 |
| Dec 15, 2023 | Pending | $1,550,000 | 0 | MLS #CRGD23206734 |
| Nov 6, 2023 | New Listing | $1,550,000 | 0 | MLS #CRGD23206734 |
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Frequently Asked Questions about 1179 College View Dr
What is 1179 College View Dr?
1179 College View Dr is a Commercial/Industrial propertywith 4,828 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
1179 College View Dr, Monterey Park, CA, 91754.
What comparable properties are nearby?
Comparable nearby commercial properties include 812 S Atlantic Blvd, 601 Monterey Pass Rd, 5332 Beverly Blvd, 4537 E Cesar E Chavez Ave, 3511 W Beverly Blvd, 2603 W Beverly Blvd.
Based on information from the bridgeMLS as of 05-13-2024. 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.
Listing last updated on: Feb 07, 2024
Verhouse Last checked less than a minute ago
The closest grocery stores are Smart & Final, 1.41 miles away and 99 Ranch Market-Monterey Park, 1.63 miles away.
The 91754 zip area has a population of 551,412, and 40% of the families have children. The median age is 37.82 years and 86% commute by car. The most popular housing type is "single detached" and 55% is renter.
