1581 College View Drive, Monterey Park, CA 91754
- $1,570,000
- 10
- BD
- 5
- BA
- 4,306
- SqFt
- Sold Price
- $1,570,000
- List Price
- $1,499,000
- Closing Date
- Dec 23, 2025
- Status
- CLOSED
- MLS#
- 25602295
- Year Built
- 1960
- Bedrooms
- 10
- Bathrooms
- 5
- Living Sq. Ft
- 4,306
- Lot Size
- 8,240
- Acres
- 0.19
- Days on Market
- 0
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
Located at 1581 College View Drive in Monterey Park, CA, this well maintained 5-unit multifamily building was constructed in 1960, spans4,306 square feet, and sits on an 8,238-square-foot lot zoned MPR3YY.The property offers a desirable unit mix of (5) 2-bedroom, 1-bath units. Each unit is individually metered for gas and electricity, while water and sewer are master-metered. On-site amenities include a laundry facility, providing added convenience for tenants. Electrical at the property was recently updated and it is set up to add charging stations for electric vehicles. Additionally, the roof was just replaced. Plumbing has been updated to copper over time throughout most of the building. The property offers 5 tuck-under parking spaces. This apartment building presents a solid investment opportunity with stable income with approximately 20%upside in rents, in a sought-after Monterey Park location near schools, shopping, and major transportation routes. The property is subject to California state rent control, AB1482.
Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- City Lights
- Patio
- Deck, Porch
- Roof
- Bitumen
- Sewer
- Other
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 5
Listing courtesy of Listing Agent: Tim Steuernol (tsteuernol@naicapital.com) from Listing Office: NAI Capital Commercial Inc..
Listing sold by Shirley Tang from 888 Realty
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.