Quadplex With Owner's
New
For Sale
$1,395,000
1170 College View Dr, Monterey Park, CA 91754
Four-unit property with upgraded apartment interiors, private outdoor features, and shared laundry facilities.
Property Size3,737 SF
Days on Market4
Property Features for 1170 College View Dr
General Information
Standard status
Active
Size
3,737 SF
Property subtype
Investment
Units
Unit Mix
1 x 3BR/1.75BA, 3 x 1BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
shared laundry room
Building Details
Building Size
3,737 SF
Year Built
1964
Buildings
1
Stories
2
Units
4
Listing Agency:
(310) 308-1746
Listed By:
George Harris · License #00444884
(310) 308-1746
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 4:03AM
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 George Harris
Investment Insights
Based on property information with market context.
This quadplex includes a one-level owner's residence and three one-bedroom apartments. The owner's unit offers three bedrooms, 1 3/4 baths, central AC, forced-air heating, built-in appliances, and a wood-burning fireplace. A garage, two carport spaces, and a covered patio with a built-in BBQ grill serve the residence. The three apartments have each been recently upgraded with quartz kitchen counters, newer vanities, and newer floor coverings. Each includes a balcony off the living room and one assigned carport space, while most units have city lights views. A shared laundry room serves the building.
The property is located near shopping and freeway access in Monterey Park. The address has a walk score of 63 and a bike score of 23, both categorized as somewhat accessible by their respective measures. Built in 1964, the property is being offered for sale with tenants in place.
The property is located near shopping and freeway access in Monterey Park. The address has a walk score of 63 and a bike score of 23, both categorized as somewhat accessible by their respective measures. Built in 1964, the property is being offered for sale with tenants in place.
Key Highlights
- Owner's unit plus three one‑bedroom, one‑bath apartments
- Owner's residence includes 3 bedrooms and 1 3/4 baths
- Three apartments recently upgraded with quartz counters, vanities, and floor coverings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,261
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,305,220
$1.3M
Cap Rate 7%
$932,300
$932.3K
Cap Rate 9%
$725,122
$725.1K
Market Conditions
NOI Build-Up for 3,737 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$100.9K $27.00/SF
− Vacancy
−$7.7K −$2.05/SF
EGI
$93.2K $24.95/SF
− OpEx
−$28.0K −$7.48/SF
NOI
$65.3K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,305,220
Cap Rate 7%
$932,300
Cap Rate 9%
$725,122
Alternative Uses
Best Use
Multifamily LT 5
$932.3K
$815.8K – $1.09M
NOI $65,261 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$859.0K
$751.6K – $1.00M
NOI $60,131 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $140,054 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,222
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with upgraded apartment interiors, private outdoor features, and shared laundry facilities.
Where is this quadplex located?
The property is located at 1170 College View Dr Monterey Park, CA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Owner's unit plus three one‑bedroom, one‑bath apartments; Owner's residence includes 3 bedrooms and 1 3/4 baths; Three apartments recently upgraded with quartz counters, vanities, and floor coverings
