1581 College View Drive Monterey Park, CA ^$ 1,499,000

1581 College View Drive

^$ 1,499,000

Back to search

1581 College View Drive

Monterey Park, CA, 91754

^$ 1,499,000

Studio Baths0.0 Sq 4,306

Monthly Estimate*

^$ 9,352

1581 College View Drive, Monterey Park, CA 91754 - Image 1

1581 College View Drive, Monterey Park, CA 91754 - Image 2

1581 College View Drive, Monterey Park, CA 91754 - Image 3

1581 College View Drive, Monterey Park, CA 91754 - Image 4

1581 College View Drive, Monterey Park, CA 91754 - Image 5

1581 College View Drive, Monterey Park, CA 91754 - Image 6

1581 College View Drive, Monterey Park, CA 91754 - Image 7

1581 College View Drive, Monterey Park, CA 91754 - Image 8

1581 College View Drive, Monterey Park, CA 91754 - Image 9

1581 College View Drive, Monterey Park, CA 91754 - Image 10

1581 College View Drive, Monterey Park, CA 91754 - Image 11

1581 College View Drive, Monterey Park, CA 91754 - Image 12

1581 College View Drive, Monterey Park, CA 91754 - Image 13

1581 College View Drive, Monterey Park, CA 91754 - Image 14

1581 College View Drive, Monterey Park, CA 91754 - Image 15

1581 College View Drive, Monterey Park, CA 91754 - Image 16

1581 College View Drive, Monterey Park, CA 91754 - Image 17

1581 College View Drive, Monterey Park, CA 91754 - Image 18

Studio

Multi-Family Home for sale in Monterey Park, CA

for $1,499,000. This 4,306 square foot home was built in 1960 on a lot size of 0.19.

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.

Multi-Family Contingent

Price

^$ 1,499,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.19

Year Built

1960

Town/City

Monterey Park

County/Region

Los Angeles

MLS | Web ID

0025602295

Features

General

Living Area 4306.0

Heating Wall Furnace

Roof Bitumen

Zoning MPR3YY

Year Built 1960

View City Lights

Levels Two

Accessibility Other

County Los Angeles

Net Operating Income 84106.0

New Construction No

Property Type C

HOA No

Contingency Active Under Contract

Facing Direction South

Status Active Under Contract

City Monterey Park

Senior Community Y/N No

MLS Area 641 - Monterey Park

Lot Size Units Square Feet

Lot Size Square Feet 8240.0

Additional Parcels Y/N No

Structure Type None

Standard Status Active Under Contract

Exterior

Parking Features Tandem Garage Covered

Water Source Public

Lot Size Area 8240.0

Foundation Details None

Spa No

Pool Y/N? No

Building Area Total 4306.0

Lot Size Acres 0.19

Land Lease Type Fee

Interior

Total Stories 2

Air Conditioning Y/N No

Heating Y/N Yes

Laundry Features Community

Total Baths 0

* Excluded Features

List By

Tim Steuernol

Listing Agent

Nai Capital Commercial Inc.

Broker

Affordability Calculator

$9,352

Per Month

Monthly Principal & Interest: $9,352
Monthly Property Taxes: --
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Multi-family listings in Monterey Park, CA

Average List Price ^$2,214,133

Percent of Sale Price 48%

About Monterey Park, CA

61,934 Population

3% Since 2002

^$56,710 Median Income

43.9 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/6/2025	$1,499,000		Listed Price

Map

More homes like this one

homes for you

See all

1581 College View Drive, Monterey Park, CA, 91754 is a Multi-Family Home for sale at $1,499,000 with 4,306 sqft and a lot size of 0.19. 1581 College View Drive is a studio with 0.0 baths and was built in 1960. The property's zip code is 91754 which is in Monterey Park, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 10/22/2025. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

1581 College View Drive

Multi-Family Home for sale in Monterey Park, CA

Affordability Calculator

Map

More homes like this one

Get more info about this home