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    1581 College View Dr Monterey Park, CA 91754

    For Sale
    $1,499,000

    Five-unit multifamily property in Monterey Park, built in 1960.

    Property size:
    4,306 SF

    Property Features for 1581 College View Dr

    General Information

    Size
    4,306 SF

    Building Details

    Year built
    1960

    Source: Tim Steuernol Agent Tim Steuernol

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Monterey Park Multifamily Investment Opportunity

    This 4,306 square foot property features five units within a building constructed in 1960. It is located in the Monterey Park area and zoned R-3, presenting potential for expansion or redevelopment. The location provides access to a rental market with occupancy rates. The property is situated near Garvey Avenue, offering a range of dining options. Proximity to the Monterey Park Golf Course provides opportunities for networking. The location provides access to major highways and public transportation. This property is suitable for multifamily or high-rise investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monterey Park
    County
    Los Angeles
    State
    California
    Longitude
    -118.151401
    Latitude
    34.0443671

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    FAQs

    What type of property is this?
    Apartment building - Five-unit multifamily property in Monterey Park, built in 1960.
    Where is this apartment building located?
    The property is located at 1581 College View Dr Monterey Park, CA.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: - Prime location in the sought-after Monterey Park area with access to a robust rental market and essential amenities.; - Zoned R-3, offering significant potential for expansion or redevelopment.; - 4,306 SF building containing 5 units, ideal for multifamily investment.
    (310) 406-9110
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1581 College View Dr Monterey Park, CA 91754
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