1251 College View Drive, Monterey Park, CA 91754

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1251 College View Drive,Monterey Park, CA 91754
$2,950,000
  • 15 Beds
  • 14 Baths
  • 8,745 sq. ft.
  • Multi-family
  • Pending
Listed by:priscilla nee
Office:cb richard ellis, inc.
MLS#:25503037
Source:CRMLS

Price summary

  • Price:$2,950,000
  • Price per sq. ft.:$337.34

About this home

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 new 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

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Home facts

  • Year built:1959
  • Listing Id #:25503037
  • Added:155 day(s) ago
  • Updated:August 13, 2025 at 07:30 AM

Rooms and interior

  • Bedrooms:15
  • Total bathrooms:14
  • Living area:8,745 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1959
  • Building area:8,745 sq. ft.
  • Lot area:0.35 Acres

Finances and disclosures

  • Price:$2,950,000
  • Price per sq. ft.:$337.34
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