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1251 College View Drive

Monterey Park, CA 91754

– beds
– baths
– sqft
15,192 sqft lot
1959 build
– on site

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.

Listed By CRMLS_CA / Priscilla Nee / CB Richard Ellis, Inc.

Last checked: Checking… • Last updated Mar 11, 2025 •

MLS# 25503037 —

The Building

Year Built:

1959
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Frame, Stucco, Wood Siding
Building Area Total:

8745.00
Total Number Of Units:

13
# of Buildings:

1
Stories Total:

2

Interior

Levels:

Two
Fireplace:

No
Fireplace:

None
Laundry:

Community
Laundry:

1

Location

Directions:

Located just west of Atlantic Boulevard, between Floral Drive and Brightwood Street.
Latitude:

34.04308000
Longitude:

-118.14746600

The Property

Property Type:

Residential Income
Zoning:

MPR3YY
Lot Size Area:

15192.0000
Lot Size Acres:

0.3488
Lot Size SqFt:

15192.00
Lot Size Source:

Assessor
Additional Parcels:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5253033043

Heating & Cooling

Heating:

1
Heating:

Wall Furnace

Appliances

Included:

Yes

The Community

Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

No

Parking

Parking:

Yes
Parking:

Carport, Covered
Parking Spaces:

12.00
Carport Spaces:

6.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/11/25 Mar 11, 2025	Listed / Active	CRMLS_CA	$2,950,000
4/16/24 Apr 16, 2024	Listed / Active	CRMLS_CA

Multifamily For Sale

$2,950,000

Listing provided by broker:

Priscilla Nee

CB Richard Ellis, Inc.

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This multifamily located in Monterey Park, CA 91754 is currently for sale for $2,950,000. 1251 College View Drive is a – square foot multifamily with – beds and – baths that has been on Estately for 19 days. This multifamily is in the attendance area of Brightwood Elementary School and Mark Keppel High School.

Listing Courtesy of: CRMLS_CA and CB Richard Ellis, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 00:05 on Mar 30.

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.