1251 College View Drive
1251 College View Drive
$3,100,000
15
14
8,745
8,745
$354
Description
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 and carport 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...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 and carport 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 26% 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 2023 enrollment of 33,397 students.
- Listed by Priscilla Nee • DRE #01435254 • Brokerage DRE #00868409 • CB Richard Ellis, Inc.
Property Details for 1251 College View Drive
Water Front
None
ZoningMPR3YY
Parcel Number5253033043
Total Units13.0
Living Area8745
Source Living AreaAssessor
AreaMonterey Park (641)
Vacancy Rate3%
Location
LISTING UPDATED: 04/24/2024 12:01 AM
Property Details for 1251 College View Drive
Status | Active |
---|---|
MLS # | 24-380549 |
Days on Market | 18 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1959 |
Lot Size | 0.35 AC / 15,192 SF |
County | Los Angeles County |
Location
Building Information for 1251 College View Drive
Stories2Residences-Year Built1959Building Size-Lot Size0.35 AC / 15,192 SF
Payment Calculator
$18,885 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1251 College View Drive
Property History for 1251 College View Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1251 College View Drive
Taxable ValueLand$949,330Additions$634,992Total$1,584,322
Tax Record2023$23,600 ($1,967 / month)
Home Facts
Total Finished SqFt8,745 SqFtAbove Grade Finished SqFt8,745 SqFtLot Size15,237 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningMPR3YYCountyLOS ANGELESAPN5253-033-043
Schools near 1251 College View Drive
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 |
---|---|---|
Brightwood 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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