Courtesy: TREELANE REALTY GRP, INC.
518 and 520 S. Garfield Av, 2 units, located at central area of Monterey Park, major street of Garfield Ave., South of Garvey Ave, close to shopping center, market, school, park, library and civil center. #520 facing Garfield Ave., approx. 500 Sf. , 1 bedroom 1 bath, current use for residential and used to be a gift shop/ beauty salon; Rear unit #518, profile shows 2 bedrooms 1 bath, has formal dinning room, also permitted 452 Sf .enclosed patio use as a family room. Parking at Front, can be parked 4 cars. House has done some renovated couple years ago, such installed new windows, new sliding door and laminated flooring. Property to be sold in "AS-IS, WHERE-IS" current condition. Buyer to verify the zoning, square footage, condition and satisfy themselves.
5 unit property comprised of 3 one story buildings with unit mix of one 3 bedroom/1 bath and four 3 bedrooms/two baths, totaling 4,473 SF. Exterior recently painted. Separate meters for gas and electricity, and individual water heaters for each unit. On site laundry facility and uncovered parking. Property sits on a spacious 17,752 lot with MPR3 zoning. Easy access to 10 fwy and 60 fwy.
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 central water heater, and offers a gated pool, an on-site laundry facility, and covered and carport 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 26% 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 2023 enrollment of 33,397 students.
Courtesy: Keller Williams SELA
Monterey Park is located in California. Monterey Park, California has a population of 61,056. Monterey Park is less family-centric than the surrounding county with 26.05% of the households containing married families with children. The county average for households married with children is 32.35%.
The median household income in Monterey Park, California is $55,117. The median household income for the surrounding county is $61,015 compared to the national median of $57,652. The median age of people living in Monterey Park is 44.7 years.
The average high temperature in July is 88.7 degrees, with an average low temperature in January of 47.4 degrees. The average rainfall is approximately 20.1 inches per year, with 0 inches of snow per year.
