This rare 5-unit apartment building in Monterey Park, built in 1960 with 4,306 sq. ft. on an 8,238 sq. ft. lot, hits the market for the first time in 20 years, offering strong existing rents and immense investment potential. Each of the five 2-bedroom, 1-bathroom units includes a private balcony or patio, with individual gas and electric meters for easy management. The property features 5 tuck-under and 5 tandem parking spaces, ensuring ample parking for tenants. Ideally located within walking distance to East Los Angeles College and Brightwood Elementary, it provides convenient access to the 710 and 60 freeways, Downtown LA, and numerous restaurants and retail options. Don’t miss this unique opportunity to own a well-maintained property in a thriving rental market
Property Details
Price:
$1,550,000
MLS #:
AR25109435
Status:
Active
Baths:
0
Address:
1581 College View Drive
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
641montereypark
City:
Monterey Park
Listed Date:
May 16, 2025
State:
CA
ZIP:
91754
Lot Size:
8,240 sqft / 0.19 acres (approx)
Year Built:
1960
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Schools
Interior
Appliances
Gas Range
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Flooring
Laminate
Heating
Wall Furnace
Exterior
Community Features
Urban
Electric
Electricity – Unknown
Foundation Details
Slab
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre
Parking Features
Assigned
Parking Spots
10.00
Pool Features
None
Roof
Flat
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
Neighborhood
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Cable T V, Electricity, Gas
Utilities
Electricity Connected, Natural Gas Connected
Map
Community
- Address1581 College View Drive Monterey Park CA
- Area641 – Monterey Park
- CityMonterey Park
- CountyLos Angeles
- Zip Code91754
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1581 College View Drive
Monterey Park, CA
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