511 North Nicholson Avenue

Monterey Park, CA 91755

$2,380,000
Price
9
Beds
8
Baths
4,800 Sq. Ft.
$496 / Sq. Ft.
4,800
Sq. Ft.
$496
per Sq. Ft.

Description

7 unit property in the heart of Monterey Park! Property is comprised of a 3 bedroom/2 bath single family home and six units with 1 bedroom / 1 bath totaling 4,800 SF. Separate meters for gas and electricity, and individual water heaters for each unit. 6 carport spaces and 1 single car garage. Property sits on a spacious 17,166 lot with R3 zoning. Easy access to shops, markets, restaurants, 10 fwy and 60 fwy.7 unit property in the heart of Monterey Park! Property is comprised of a 3 bedroom/2 bath single family home and six units with 1 bedroom / 1 bath totaling 4,800 SF. Separate meters for gas and electricity, and individual water heaters for each unit. 6 carport spaces and 1 single car garage. Property sits on a spacious 17,166 lot with R3 zoning. Easy access to shops, markets, restaurants, 10 fwy and 60 fwy.
  1. Listed by CRYSTAL YOUNG • DRE #01783560 • Brokerage DRE #01783560 • Resound Properties • 626-863-2221

Property Details for 511 North Nicholson Avenue

View
Neighborhood
Parking Spaces Total
7
Private Pool
No
Cooling Type
Wall/Window
Total Units
7.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4800
LISTING UPDATED: 10/15/2024 08:10 AM

Property Details for 511 North Nicholson Avenue

StatusActive
MLS #WS24211005
Days on Market75
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
CountyLos Angeles County

Building Information for 511 North Nicholson Avenue

Building/Complex511 N Nicholson AveFloor-Stories2Residences-Pet Policy-Year Built1956Building Size-

Property Information for 511 North Nicholson Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $96,708
  • Gross Scheduled Income: $96,708
  • Net Operating Income: $55,598
Expense Details
  • Operating Expense: $41,110
  • New Taxes Expense: $29,750
  • Gardener Expense: $1,950
  • Licenses Expense: $170
  • Insurance Expense: $2,600
  • Maintenance Expense: $2,000
  • Professional Management Expense: $1,200
  • Trash Expense: $400
  • Water Sewer Expense: $3,040
  • Total Expenses: $41,110
Tax / Assessment Info
  • Tax Tract Number: 481711
  • Tax Census Tract: 4817.11
  • CFD/Mello-Roos Fee: $2,137
  • Tax Lot: 46
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Gas Oven, Gas Range, Water Heater
  • Equipment: None
  • Room Type: Kitchen, Living Room
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Flooring: Laminate, Tile
Exterior Features
  • Window Features: Screens
  • Entry Location: 1
  • Fence: No
  • Fence: None
  • Fencing: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Front Yard, Landscaped
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One, Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking: Yes
  • Parking Garage: Carport, Garage
  • Parking Garage Spaces: 1
  • Carport Spaces: 6
  • Parking Features: Carport, Garage
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 3000
  • 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: $990
  • Unit Type Total Rent: $990
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 2
Unit 3
  • 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: $990
  • Unit Type Total Rent: $990
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 3
Unit 4
  • 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: $990
  • Unit Type Total Rent: $990
  • Unit Type Pro Forma: 1500
  • 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 Actual Rent: $869
  • Unit Type Total Rent: $869
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 5
Unit 6
  • 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: $940
  • Unit Type Total Rent: $940
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 6
Unit 7
  • 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: $1,080
  • Unit Type Total Rent: $1,080
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 7
Unit Information
  • Number Of Units Leased: 7
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 2

Property History for 511 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 511 North Nicholson Avenue

Taxable ValueLand$305,931Additions$509,895Total$815,826
Tax Record2024$12,503 ($1,042 / month)
Home Facts
Total Finished SqFt4,800 SqFtAbove Grade Finished SqFt4,800 SqFtLot Size17,166 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningMPR3YYCountyLOS ANGELESAPN5255-015-002

Schools near 511 North Nicholson Avenue

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
Ynez 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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511 North Nicholson Avenue is a multi-family home for sale in Monterey Park, CA 91755. This property was listed for sale on October 15, 2024 by Resound Properties, it's currently listed at $2,380,000. This listing's school district is Alhambra Unified School District. Nearby schools include Ynez Elementary School, Mark Keppel High School and Independence High (Alternative) School. 511 North Nicholson Avenue is a 9-bed, 8-bath, 4,800 sqft multi-family home built in 1956.

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 Resound Properties, CRYSTAL YOUNG, DRE #01783560

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.