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$2,850,000

  • Sold
  • Closed
  • Multi-Family
  • 15 Total Beds
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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 new 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.

Full Property Details for 1251 College View Dr

General

  • Sold For: $2,850,000
  • HOA FEE: $9,100
  • Status: Closed
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 25503037
  • Added to Site: 312 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 14

Bedrooms

  • Total Bedrooms: 15

Other Rooms

  • Laundry: Community

Additional Information

  • Pool Description: None
  • Spa Description: None
  • Security/Safety: None
  • Other Features: None

Parking

  • Covered Spaces: 6
  • Garage Description: Carport, Covered Parking

Location

  • Area: Monterey Park
  • County: Los Angeles
  • Driving Directions: Located just west of Atlantic Boulevard, between Floral Drive and Brightwood Street.

Heating & Cooling

  • Cooling Type: Wall Unit(s)
  • Heating Type: Wall

Structural Information

  • # Buildings: 1
  • Exterior Const.: Frame, Stucco, Wood Siding
  • Roof: Flat
  • Stories/Levels: 2
  • Square Feet: 8,745
  • Sq. Ft. Source: Assessor
  • Year Built: 1959
  • Year Built Source: Assessor

Unit Information

  • Units in Complex: 13
  • Unit Type: 2106, 2107, 2108, 2109

Unit 1

  • Total Bathrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Total Bathrooms: 2
  • Bedrooms: 2

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.3488
  • Lot Size: 15192
  • Lot Size Source: Assessor
  • Zoning: MPR3YY

Financial Considerations

  • Price Per Sq. Ft.: $337.34
  • Maint. Fee: $9,100
  • Insurance Fee: $6,326
  • Assessment Year: 1959
  • Owner Pays: Gardener, Water
  • Tenant Pays: Gas, Electricity
  • Pays Electric: 2262

Disclosures and Reports

  • Disclosures/Reports: None
  • APN: 5253-033-043

Listed by CB Richard Ellis, Inc., Priscilla Nee
Sold by Realty Investment Advisors, Inc., Benjamin J. Hsiang

Listing agent

— 1251 College View Dr —

  • Priscilla Nee

    CB Richard Ellis, Inc.

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NMLS#: 1598647

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Schools serving 1251 College View Dr

School District:Alhambra Unified School District
NameGradesDistance
Brightwood Elementary School
1701 Brightwood Street, Monterey Park, CA 91754
K-80.3 mi
Mark Keppel High School
501 East Hellman Avenue, Alhambra, CA 91801
9-122.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1251 College View Dr

Date
Details
Price
Change
Source
8/18/2025
Sold
$2,850,000
-3.39%
MLS
3/11/2025
Listed
$2,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by CB Richard Ellis, Inc., Priscilla Nee
Sold by Realty Investment Advisors, Inc., Benjamin J. Hsiang

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1251 College View Dr, Monterey Park, CA 91754 (MLS# 25503037) is a Multi-Family property that was sold at $2,850,000 on August 18, 2025. Want to learn more about 1251 College View Dr? Do you have questions about finding other Multi-Family real estate for sale in Monterey Park? You can browse all Monterey Park real estate or contact a Coldwell Banker agent to request more information.