About 1581 College View Drive
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.
Features of 1581 College View Drive
| MLS® # | 25602295 |
|---|---|
| Price | $1,499,000 |
| Sold Price | $1,570,000 |
| Bedrooms | 10 |
| Bathrooms | 5.00 |
| Square Footage | 4,306 |
| Lot Sqft | 8,240 |
| Acres | 0.19 |
| Year Built | 1960 |
| Type | Residential Income |
| Status | Closed |
| # Of Units | 5 |
Community Information
| Address | 1581 College View Drive |
|---|---|
| Area | 641 - Monterey Park |
| City | Monterey Park |
| County | Los Angeles |
| Zip Code | 91754 |
Amenities
| Parking Spaces | 10 |
|---|---|
| Parking | Covered, Garage, Tandem |
| Garages | Covered, Garage, Tandem |
| View | City Lights |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Roof | Bitumen |
|---|
Additional Information
| Date Listed | October 6th, 2025 |
|---|---|
| Date Sold | December 23rd, 2025 |
| Days on Market | 14 |
| Zoning | MPR3YY |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Tim Steuernol |
|---|---|
| Office | NAI Capital Commercial Inc. |