1251 College View Dr, Monterey Park

DESIRABLE MONTEREY PARK LOCATION 

• Minutes from San Gabriel Square, also known as Focus Plaza (a Multilevel Mall on the corner of Valley Boulevard and Del Mar Avenue), and Shops, Eateries, and Entertainments on Valley Boulevard, Del Mar Avenue and San Gabriel Boulevard, and Atlantic Times Square
• Proximate to Several New Development Projects in the Area including the Celadon Project with 109 Condos, Restaurants, Retail/Commercial Space, and Holiday Inn Suites Mixed-Use Project
• Adjacent to Alhambra, San Gabriel, and Rosemead

FIRST TIME ON MARKET IN ALMOST FOUR DECADES

• Real Estate has been in Same Family since 1988

STRONG UNIT MIX

• 1 – Bachelor/One-Bathroom Unit
• 10 – One-Bedroom/One-Bathroom Units
• 1 – Two-Bedroom/One-Bathroom Unit
• 1 – Two-Bedroom/One-Bathroom Unit

±8,745 SF BUILDING SIZE ON ±15,192 SF DOUBLE LOT 

CURRENT RENTS ±26% UNDER MARKET

ACCESS TO MAJOR EMPLOYMENT CENTERS

• Easy Access to Los Angeles County’s Major Employment Centers of Pasadena, Alhambra, and Downtown Los Angeles

Property Description

CBRE, Inc. is proud to exclusively present 1251 College View Drive in the city of Monterey Park.  Located just west of Atlantic Boulevard, between Floral Drive and Brightwood Street, 1251 College View Drive offers an investor the chance to acquire a value-add opportunity in one of the densest submarkets within the West San Gabriel Valley. 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 is being offered for sale for the first time in almost four decades. 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 heating and cooling.