1741 College View Drive

Monterey Park, CA 91754

$1,795,000
Price
11
Beds
9
Baths
5,746 Sq. Ft.
$312 / Sq. Ft.
5,746
Sq. Ft.
$312
per Sq. Ft.

Description

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...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.
  1. Listed by DONALD LA • DRE #01928418 • Brokerage DRE #02003950 • KW Executive • 626-888-2995

Property Details for 1741 College View Drive

Parking Spaces Total
6
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5746
Assessor Parcel Number
5252-028-039
Property Attached YN
true
LISTING UPDATED: 10/14/2024 10:35 AM

Property Details for 1741 College View Drive

StatusActive
MLS #WS24155219
Days on Market94
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
CountyLos Angeles County

Building Information for 1741 College View Drive

Building/Complex1741 College View DrFloor-Stories2Residences-Pet Policy-Year Built1958Building Size-

Property Information for 1741 College View Drive

Income / Expense / Tax Details
Income Details
  • Gross Income: $127,584
  • Gross Scheduled Income: $127,584
  • Net Operating Income: $87,884
  • Gross Multiplier: 14.07
  • Cap Rate: 4.9
Expense Details
  • Operating Expense: $39,700
  • New Taxes Expense: $25,093
  • Gardener Expense: $1,200
  • Fuel Expense: $1,548
  • Electric Expense: $408
  • Insurance Expense: $2,400
  • Professional Management Expense: $0
  • Other Expense: $2,018
  • Other Expense Description: DA
  • Trash Expense: $2,448
  • Water Sewer Expense: $4,584
  • Total Expenses: $39,700
Tax / Assessment Info
  • Tax Tract Number: 21871
  • Tax Census Tract: 4820.02
  • CFD/Mello-Roos Fee: $2,018
  • Tax Lot: 102
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room, Outside
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 6
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,187
  • Unit Type Total Rent: $2,187
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,514
  • Unit Type Total Rent: $1,514
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,604
  • Unit Type Total Rent: $1,604
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,604
  • Unit Type Total Rent: $1,604
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,626
  • Unit Type Total Rent: $1,626
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,097
  • Unit Type Total Rent: $2,097
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 6
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 1741 College View Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1741 College View Drive

Taxable ValueLand$39,867Additions$124,268Total$164,135
Tax Record2024$4,113 ($343 / month)
Home Facts
Total Finished SqFt5,746 SqFtAbove Grade Finished SqFt5,746 SqFtLot Size8,510 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningMPR3YYCountyLOS ANGELESAPN5252-028-039

Schools near 1741 College View Drive

This home is within Alhambra Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Brightwood Elementary School
PublicK to 8

Mark Keppel High School
Public9 to 12

Independence High (Alternative) School
Public9 to 12

Century High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1741 College View Drive is a multi-family home for sale in Monterey Park, CA 91754. This property was listed for sale on July 29, 2024 by KW Executive, it's currently listed at $1,795,000. This listing's school district is Alhambra Unified School District. Nearby schools include Brightwood Elementary School, Mark Keppel High School and Independence High (Alternative) School. 1741 College View Drive is a 11-bed, 9-bath, 5,746 sqft multi-family home built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Executive, DONALD LA, DRE #01928418

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.