Constructed in 1959 on a 15,192 square foot double lot, 1251 College View Drive is a two-story, 13-unit property with a total building size of 8,745 square feet. The property is separately metered for gas and electric, is serviced by a central water heater, and offers a gated pool, an on-site laundry facility, and covered parking with storage bins. 1251 College View Drive boasts a strong unit mix of one bachelor/one-bathroom unit, ten one-bedroom/one-bathroom units, one two-bedroom/one-bathroom unit, and one two-bedroom/two-bathroom unit. The units offer wall units for cooling. With current rents approximately 25% below market, a new owner is presented with the opportunity to increase rents to market upon vacancy or further increase rental income with complete unit renovations. There are no local rent control restrictions, but the property is subject to AB 1482. The property offers easy access to the 10, 60, and 710 freeways, providing ease of access to neighboring cities as well as Downtown Los Angeles, located less than 8 miles away. 1251 College View Drive is walking distance to East Los Angeles College (ELAC), which has a enrollment of approximately 30,321 students.
Property Details
Price:
$2,950,000
MLS #:
25503037
Status:
Active
Baths:
0
Address:
1251 College View Drive
Type:
Residential Income
Neighborhood:
641montereypark
City:
Monterey Park
Listed Date:
Mar 11, 2025
State:
CA
ZIP:
91754
Lot Size:
15,192 sqft / 0.35 acres (approx)
Year Built:
1959
See this Listing
Mortgage Calculator
Schools
Interior
Fireplace Features
None
Heating
Wall Furnace
Exterior
Parking Features
Carport, Covered
Parking Spots
12.00
Pool Features
None
Spa Features
None
Stories Total
2
Financial
Tenant Pays
Gas, Electricity
Map
Community
- Address1251 College View Drive Monterey Park CA
- Area641 – Monterey Park
- CityMonterey Park
- CountyLos Angeles
- Zip Code91754
Similar Listings Nearby
- 518 W Bencamp Street
San Gabriel, CA$3,754,000
3.33 miles away
- 2419 E 3rd Street
Los Angeles, CA$3,500,000
3.60 miles away
- 801 E Newmark Ave
Monterey Park, CA$3,500,000
2.38 miles away
- 1605 S Atlantic Boulevard
Alhambra, CA$3,400,000
2.35 miles away
- 926 N Garfield Avenue
Alhambra, CA$3,388,000
4.30 miles away
- 138 N Soto Street
Los Angeles, CA$3,345,000
3.51 miles away
- 2813 E 6th Street
Los Angeles, CA$3,199,995
3.48 miles away
- 115 N Marguerita Avenue
Alhambra, CA$3,190,000
3.51 miles away
- 1525 Ricardo Street
Los Angeles, CA$3,100,000
3.14 miles away
- 245 E Avenue 38
Los Angeles, CA$3,100,000
4.74 miles away

1251 College View Drive
Monterey Park, CA
LIGHTBOX-IMAGES