218 North Nicholson Avenue

Monterey Park, CA 91755

$3,599,000
Price
8
Beds
9
Baths
8,273 Sq. Ft.
$435 / Sq. Ft.
8,273
Sq. Ft.
$435
per Sq. Ft.

Description

Prime location, huge lot many rooms to add ADUS. All units have radiant heat in the ceiling and has been recently installed with mini split AC units. All bathrooms have been recently remodeled, Many long term tenants. Complex is only 1/2 block to major bus transportation, shopping, restaurants, market, etc. Walking distance to Award Winning Mark Keppel High School. Roof was replaced in 2018. Pride of Ownership and been exceptionally well maintained.Prime location, huge lot many rooms to add ADUS. All units have radiant heat in the ceiling and has been recently installed with mini split AC units. All bathrooms have been recently remodeled, Many long term tenants. Complex is only 1/2 block to major bus transportation, shopping, restaurants, market, etc. Walking distance to Award Winning Mark Keppel High School. Roof was replaced in 2018. Pride of Ownership and been exceptionally well maintained.
  1. Listed by BEN SITU • DRE #01857207 • Brokerage DRE #01987971 • ALLIANCE REALTY KINGDOM INC. • 626-251-7817

Property Details for 218 North Nicholson Avenue

Parking Spaces Total
19
Private Pool
No
Total Units
8.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
8273
Assessor Parcel Number
5255-019-027
Property Attached YN
false
LISTING UPDATED: 11/18/2024 08:18 AM

Property Details for 218 North Nicholson Avenue

StatusActive
MLS #WS24149070
Days on Market123
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1969
CountyLos Angeles County

Building Information for 218 North Nicholson Avenue

Building/Complex218 N Nicholson AveFloor-Stories2Residences-Pet Policy-Year Built1969Building Size-

Property Information for 218 North Nicholson Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $183,600
  • Gross Scheduled Income: $183,600
  • Net Operating Income: $135,040
Expense Details
  • Operating Expense: $48,560
  • Gardener Expense: $480
  • Fuel Expense: $0
  • Electric Expense: $732
  • Insurance Expense: $5,613
  • Professional Management Expense: $0
  • Trash Expense: $2,835
  • Water Sewer Expense: $3,000
  • Total Expenses: $12,666
Tax / Assessment Info
  • Tax Tract Number: 1800
  • Tax Census Tract: 4817.11
  • CFD/Mello-Roos Fee: $2,683
  • Tax Lot: 35
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Back Yard, Front Yard, Garden
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 10
  • Open Other Spaces Total: 10
  • Parking Garage Spaces: 0
  • Carport Spaces: 9
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 Actual Rent: $2,300
  • Unit Type Total Rent: $2,300
  • 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 Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $5,100
  • Unit Type Total Rent: $5,100
  • Unit Type Pro Forma: 6000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,100
  • Unit Type Total Rent: $2,100
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 4
Unit 5
  • 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 Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1

Property History for 218 North Nicholson Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 218 North Nicholson Avenue

Taxable ValueLand$2,080,800Additions$1,248,480Total$3,329,280
Tax Record2024$44,784 ($3,732 / month)
Home Facts
Total Finished SqFt8,273 SqFtAbove Grade Finished SqFt8,273 SqFtLot Size17,117 SqFtStyleMulti-Family Res (5+ Units)Year Built1969ZoningMPR3YYCountyLOS ANGELESAPN5255-019-027

Schools near 218 North Nicholson Avenue

This home is within Alhambra Unified School District.
Rating
School
Type
Grades
Distance
Repetto Elementary School
Public - K to 8
Mark Keppel High School
Public - 9 to 12
Independence High (Alternative) School
Public - 9 to 12
Century High School
Public - 9 to 12
Rating
School
Distance
Repetto 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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More information about 218 North Nicholson Avenue, Monterey Park, CA 91755

218 North Nicholson Avenue is a multi-family home for sale in Monterey Park, CA 91755. This property was listed for sale on July 22, 2024 by ALLIANCE REALTY KINGDOM INC., it's currently listed at $3,599,000. It has been on the market for a total of 123 days and was last sold on December 3, 2021. This listing's school district is Alhambra Unified School District. Nearby schools include Repetto Elementary School, Mark Keppel High School and Independence High (Alternative) School. 218 North Nicholson Avenue is a 8-bed, 9-bath, 8,273 sqft multi-family home built in 1969.

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 ALLIANCE REALTY KINGDOM INC., BEN SITU, DRE #01857207

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.