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$1,570,000

  • Sold
  • Closed
  • Multi-Family
  • 10 Total Beds
  • Updated 12 days ago
See This Home
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Located at 1581 College View Drive in Monterey Park, CA, this well maintained 5-unit multifamily building was constructed in 1960, spans4,306 square feet, and sits on an 8,238-square-foot lot zoned MPR3YY.The property offers a desirable unit mix of (5) 2-bedroom, 1-bath units. Each unit is individually metered for gas and electricity, while water and sewer are master-metered. On-site amenities include a laundry facility, providing added convenience for tenants. Electrical at the property was recently updated and it is set up to add charging stations for electric vehicles. Additionally, the roof was just replaced. Plumbing has been updated to copper over time throughout most of the building. The property offers 5 tuck-under parking spaces. This apartment building presents a solid investment opportunity with stable income with approximately 20%upside in rents, in a sought-after Monterey Park location near schools, shopping, and major transportation routes. The property is subject to California state rent control, AB1482.

Full Property Details for 1581 College View Dr

General

  • Sold For: $1,570,000
  • Status: Closed
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 25602295
  • Added to Site: 104 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 5

Bedrooms

  • Total Bedrooms: 10

Other Rooms

  • Laundry: Community

Additional Information

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

Exterior

  • Deck/Patio: Deck(s), Porch

Parking

  • Garage Description: Tandem, Covered Parking

Location

  • Area: Monterey Park
  • County: Los Angeles
  • Driving Directions: W Floral Drive, North on Hillside St, East on College View Drive, between Valley Vista Dr and Hillside Dr.
  • Direction Faces: South

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall

Utilities

  • Sewer: In Street
  • Water: District

Structural Information

  • # Buildings: 1
  • Exterior Const.: Hard Coat
  • Basement Desc.: None
  • Foundation: None
  • Roof: Bitumen
  • Stories/Levels: 2
  • Square Feet: 4,306
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1960
  • Year Built Source: Vendor Enhanced
  • Other Struct. Feat.: Balcony

Unit Information

  • Units in Complex: 5
  • Unit Type: 2106, 2107, 2108, 2109, 2110

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 5

  • Total Bathrooms: 1
  • Bedrooms: 2

Additional Structures

  • Other Structures: None

Lot Features

  • Property View: City
  • Lot Size (Acres): 0.1892
  • Lot Size: 8240
  • Lot Size Source: Vendor Enhanced
  • Irrigation System: None
  • Lot Features: Hillside
  • Zoning: MPR3YY

Financial Considerations

  • Price Per Sq. Ft.: $348.12
  • Assessment Year: 1960

Disclosures and Reports

  • Disclosures/Reports: None
  • APN: 5252-028-029

Listed by NAI Capital Commercial Inc., Tim Steuernol
Sold by 888 Realty, Shirley Tang

Listing agent

— 1581 College View Dr —

  • Tim Steuernol

    NAI Capital Commercial Inc.

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1581 College View Dr

School District:Alhambra Unified School District
NameGradesDistance
Brightwood Elementary School
1701 Brightwood Street, Monterey Park, CA 91754
K-80.1 mi
Mark Keppel High School
501 East Hellman Avenue, Alhambra, CA 91801
9-122.7 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 1581 College View Dr

Date
Details
Price
Change
Source
12/23/2025
Sold
$1,570,000
4.74%
MLS
10/06/2025
Listed
$1,499,000
—
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 NAI Capital Commercial Inc., Tim Steuernol
Sold by 888 Realty, Shirley Tang

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1581 College View Dr, Monterey Park, CA 91754 (MLS# 25602295) is a Multi-Family property that was sold at $1,570,000 on December 23, 2025. Want to learn more about 1581 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.