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$6,200,000
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Property Description
Nicholson Villa is a 20-unit multifamily investment property located in Monterey Park, CA. Nicholson Villa offers an attractive unit mix consisting of one, two, and three-bedroom floor plans and amenities including gated access, ample surface and garage parking, walk-in closets, private patios or yards, and on-site laundry. Current ownership has completely renovated 4 units with improvements including new shaker-style cabinets, granite countertops, plumbing fixtures, flooring, and more. Nicholson Villa has an excellent Monterey Park location within walking distance to the abundance of retail, dining, and entertainment options at the intersection of North Garfield Avenue and East Garvey Avenue. The property is located within close proximity of major economic and housing drivers for the region including Garfield Medical Center as well as multiple higher education institutions. Additionally, the property is situated less than 0.5 miles from Interstate 10, providing residents with convenient access to employment and leisure destinations in the city of Los Angeles as well as the San Gabriel Valley.
Full Property Details
Full Property Details for 308 314 N Nicholson Ave
General
- Sold For: $6,200,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: OC22212457
- Added to Site: 1, 210 day(s) ago
Rooms
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 20
Location
- Area: 699 - Not Defined
- County: Los Angeles
- Development Name: 699 - Not Defined
- Driving Directions: Nearby Cross Streets: North Nicholson Avenue & East Emerson Avenue
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 20
- # Electric Meters: 20
Structural Information
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 19,368
- Year Built: 1976
Unit Information
Unit 1
- Number of Units: 8
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 8
- Total Bathrooms: 2
- Bedrooms: 2
Unit 3
- Number of Units: 2
- Total Bathrooms: 2
- Bedrooms: 2
Unit 4
- Number of Units: 2
- Total Bathrooms: 2
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.8
- Lot Size Source: Assessor
- Zoning: MPR3*
- Lot Description: Lawn, Level with Street
Financial Considerations
- Price Per Sq. Ft.: $320.12
- Price Per Unit: 389750
Listed and Sold by Marcus & Millichap RE Invest, Tyler Leeson
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Schools
Schools serving 308 314 N Nicholson Ave
School District:Alhambra Unified School District
| Name | Grades | Distance |
|---|---|---|
Repetto Elementary School 650 Grandridge Avenue, Monterey Park, CA 91754 | K-8 | 1 mi |
Mark Keppel High School 501 East Hellman Avenue, Alhambra, CA 91801 | 9-12 | 0.4 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 308 314 N Nicholson Ave
Date
Details
Price
Change
Source
2/07/2023
Sold
$6,200,000
-20.46%
MLS
9/29/2022
Listed
$7,795,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
308 314 N Nicholson Avenue, Monterey Park, CA 91755 (MLS# OC22212457) is a Multi-Family property that was sold at $6,200,000 on February 07, 2023. Want to learn more about 308 314 N Nicholson Avenue? 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.

