10-Unit Multifamily
1080 College View, Monterey Park, CA 91754
For Sale
$3,500,000
A varied bedroom mix is complemented by private patios, shared laundry, covered parking, and a central courtyard.
Property Size10,316 SF
Days on Market11
Property Features for 1080 College View
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
private patio areas
laundry room
covered parking
open courtyard
Building Details
Building Size
Year Built
Listing Agency:
NORTHLAND REAL ESTATE GROUP, I
Listed By:
JOHN LIU · License CA #01263426
(626) 470-7588
Source:
Velocityrealtysd
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 12 at 6:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NORTHLAND REAL ESTATE GROUP, I
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Investment Insights
Based on property information with market context.
This 10-unit apartment property, built in 1960, includes eight 2-bedroom units, one 3-bedroom unit, and one 1-bedroom unit. Unit improvements are described as extensively renovated. Residents have private patio areas, and the property includes a laundry room, covered parking, and an open courtyard. Long-term tenants are in place.
The property is in Monterey Park, near East Los Angeles College, schools, shopping centers, restaurants, and major freeways. It is within the Alhambra Unified School District.
The property is in Monterey Park, near East Los Angeles College, schools, shopping centers, restaurants, and major freeways. It is within the Alhambra Unified School District.
Key Highlights
- 10 apartment units: eight 2‑bedroom, one 3‑bedroom, and one 1‑bedroom
- Built in 1960; units have been extensively renovated
- Private patio areas and an open courtyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,993
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,319,860
$3.3M
Cap Rate 7%
$2,371,329
$2.4M
Cap Rate 9%
$1,844,367
$1.8M
Market Conditions
NOI Build-Up for 10,316 SF
Gross rent
$328.0K $31.80/SF
− Vacancy
−$26.2K −$2.54/SF
EGI
$301.8K $29.26/SF
− OpEx
−$135.8K −$13.17/SF
NOI
$166.0K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,319,860
Cap Rate 7%
$2,371,329
Cap Rate 9%
$1,844,367
Alternative Uses
Best Use
Apartment 5plus
$2.37M
$2.07M – $2.77M
NOI $165,993 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.52M
$4.83M – $6.44M
NOI $386,620 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
10
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,123
Businesses Nearby
Explore this area
Business Placement
Demographics for 91754, CA
33,300
Population
12,754
Households
2.6
Avg Household Size
44
Median Age
38%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
7,400
Density / Sq Mi
$81,890
Median Household Income
$46,992
Median Earnings
$1,884
Median Rent
$845,000
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles County, CA
Properties on Market for Apartment buildings in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A varied bedroom mix is complemented by private patios, shared laundry, covered parking, and a central courtyard.
Where is this apartment building located?
The property is located at 1080 College View Monterey Park, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 10 apartment units: eight 2‑bedroom, one 3‑bedroom, and one 1‑bedroom; Built in 1960; units have been extensively renovated; Private patio areas and an open courtyard
