Two-Unit Duplex with Separate
New
For Sale
$1,068,000
1520 College View DR, Monterey Park, CA 91754
Two residences offer distinct floor plans, private outdoor areas, and dedicated laundry space.
Property Size2,377 SF
Days on Market4
Property Features for 1520 College View DR
General Information
Standard status
Active
Size
2,377 SF
Property subtype
MULTI_FAMILY
Property Condition
Severity
Repairs Needed
Evidence
some features may benefit from updating
Site & Location
Neighborhood
Belvedere
Units
Unit Mix
3BR/2BA, 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
patio
laundry area
Building Details
Building Size
2,377 SF
Year Built
1968
Listing Agency:
RE/MAX Premier Properties
Listed By:
RHEA BAI · License #01360246
(626) 589-7958
Source:
Milsteinestates
Added: Oct 28
Changed: Oct 31
Last Checked: Oct 31 at 3:26AM
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 RE/MAX Premier Properties
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Investment Insights
Based on property information with market context.
Built in 1968, this duplex contains two separate residences with independent entrances. The larger home has 3 bedrooms, 2 bathrooms, and approximately 1,700 square feet of single-level space, including an oversized living room and a kitchen with an additional wok-preparation area. The second residence has 2 bedrooms, 1 bathroom, an open kitchen, and comfortable living space. Each unit has its own patio area.
The property also includes three garages, extensive concrete driveway areas for parking, and a dedicated laundry area. Both residences have been tenant-occupied for many years. The property is within the Alhambra Unified School District and near schools, parks, shopping, dining, and major transportation routes, with access to Downtown Los Angeles and surrounding communities.
The property also includes three garages, extensive concrete driveway areas for parking, and a dedicated laundry area. Both residences have been tenant-occupied for many years. The property is within the Alhambra Unified School District and near schools, parks, shopping, dining, and major transportation routes, with access to Downtown Los Angeles and surrounding communities.
Key Highlights
- Two residences with separate entrances and independent floor plans
- Main residence: 3 bedrooms, 2 bathrooms, and approximately 1,700 square feet
- Second residence: 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,511
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,220
$830.2K
Cap Rate 7%
$593,014
$593.0K
Cap Rate 9%
$461,233
$461.2K
Market Conditions
NOI Build-Up for 2,377 SF
Gross rent
$64.2K $27.00/SF
− Vacancy
−$4.9K −$2.05/SF
EGI
$59.3K $24.95/SF
− OpEx
−$17.8K −$7.48/SF
NOI
$41.5K $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 Rate 5%
$830,220
Cap Rate 7%
$593,014
Cap Rate 9%
$461,233
Alternative Uses
Best Use
Multifamily LT 5
$593.0K
$518.9K – $691.9K
NOI $41,511 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$546.4K
$478.1K – $637.5K
NOI $38,248 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,085 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
965
Businesses Nearby
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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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer distinct floor plans, private outdoor areas, and dedicated laundry space.
Where is this duplex located?
The property is located at 1520 College View DR Monterey Park, CA.
What is the asking price?
The asking price for this property is $1,068,000.
What are key features of this property?
This property features: Two residences with separate entrances and independent floor plans; Main residence: 3 bedrooms, 2 bathrooms, and approximately 1,700 square feet; Second residence: 2 bedrooms and 1 bathroom
