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1581 College View Drive

Monterey Park, CA 91754

– beds
– baths
– sqft
8,240 sqft lot
1960 build
– on site

This rare 5-unit apartment building in Monterey Park, built in 1960 with 4,306 sq. ft. on an 8,238 sq. ft. lot, hits the market for the first time in 20 years, offering strong existing rents and immense investment potential. Each of the five 2-bedroom, 1-bathroom units includes a private balcony or patio, with individual gas and electric meters for easy management. The property features 5 tuck-under and 5 tandem parking spaces, ensuring ample parking for tenants. Ideally located within walking distance to East Los Angeles College and Brightwood Elementary, it provides convenient access to the 710 and 60 freeways, Downtown LA, and numerous restaurants and retail options. Don’t miss this unique opportunity to own a well-maintained property in a thriving rental market

Listed By CRMLS_CA / Matt Cuong Ly / Coldwell Banker Realty / matt.ly@cbcnrt.com

Last checked: Checking… • Last updated May 16, 2025 •

MLS# AR25109435 —

The Building

Year Built:

1960
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

4306.00
Building Area Units:

Square Feet
Total Number Of Units:

5
# of Buildings:

1
Roof:

Flat
Foundation:

Slab
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
Faces:

South
# of Separate Gas Meters:

6
# of Separate Water Meters:

1
# of Separate Electric Meters:

6

Interior

Levels:

Two
Entry Location:

Front
Flooring:

Laminate
Fireplace:

No
Fireplace:

None
Laundry:

Common Area
Laundry:

1

Location

Directions:

College View Dr. & Valley Vista Dr.
Latitude:

34.04443900
Longitude:

-118.15129400

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

MPR3YY
Lot Features:

2-5 Units/Acre
Lot Size Area:

8240.0000
Lot Size Acres:

0.1892
Lot Size SqFt:

8240.00
Lot Size Source:

Assessor
View:

1
View:

Neighborhood
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

4820.02
Tax Tract:

21871
Tax Lot:

92

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5252028029

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Utilities:

Electricity Connected, Natural Gas Connected
Sewer:

Public Sewer
Electric:

Electricity - Unknown
Water Source:

Public

Appliances

Appliances:

Gas Range
Included:

Yes

The Community

Features:

Urban
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None

Parking

Parking:

Yes
Parking:

Assigned
Parking Spaces:

10.00
Uncovered Spaces:

5.00
Carport Spaces:

5.00

Extra Units

Average 2 Bed Area:

860

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

AT&T Internet

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
5/16/25 May 16, 2025	Listed / Active	CRMLS_CA	$1,550,000

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This multifamily located in Monterey Park, CA 91754 is currently for sale for $1,550,000. 1581 College View Drive is a – square foot multifamily with – beds and – baths that has been on Estately for 2 days. This multifamily is in the attendance area of Mark Keppel High School and Brightwood Elementary School.

Listing Courtesy of: CRMLS_CA and Coldwell Banker Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 07:17 on May 18.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.