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511 N Nicholson Avenue

Monterey Park, CA 91755
  • $2,380,000
  • STATUS: Pending
  • ON SITE: 99 Days
  • MLS #: WS24211005
Pending
UPDATED: 48 min ago
$2,380,000
  • 0
    BEDS
  • 0.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1956
County:

School Ratings & Info

Listing Agent(s): Crystal Young of Resound Properties (626-863-2221)


Description

7 unit property in the heart of Monterey Park! Property is comprised of a 3 bedroom/2 bath single family home and six units with 1 bedroom / 1 bath totaling 4,800 SF. Separate meters for gas and electricity, and individual water heaters for each unit. 6 carport spaces and 1 single car garage. Property sits on a spacious 17,166 lot with R3 zoning. Easy access to shops, markets, restaurants, 10 fwy and 60 fwy.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-23T20:34:36.607. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/156778947
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511 N Nicholson Avenue Monterey Park, CA 91755

  • Price: $2,380,000
  • Status: Pending
  • On Site: 99 Days
  • Updated: 48 min ago
  • MLS #: WS24211005
0
Beds
0
Baths
0
½ Baths
0.39
Acres
1956
Built
Neighborhood:
641 - Monterey Park
County:
Los Angeles
Area:
641 - Monterey Park
Property Description
7 unit property in the heart of Monterey Park! Property is comprised of a 3 bedroom/2 bath single family home and six units with 1 bedroom / 1 bath totaling 4,800 SF. Separate meters for gas and electricity, and individual water heaters for each unit. 6 carport spaces and 1 single car garage. Property sits on a spacious 17,166 lot with R3 zoning. Easy access to shops, markets, restaurants, 10 fwy and 60 fwy.
Exterior Features

Carport Spaces 6 Carport YN Yes Entry Level 1 Entry Location 1 Fencing None Lot Features Front YardLandscaped Number Of Separate Electric Meters 7 Parking Features CarportGarage Parking Total 7 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Spa Features None Spa YN No View Neighborhood View YN Yes

Interior Features

Accessibility Features None Appliances Gas OvenGas RangeWater Heater Common Walls 2+ Common WallsNo One AboveNo One Below Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring LaminateTile Window Features Screens

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Street LightsSidewalks Garage YN Yes Gross Income 96708 Gross Scheduled Income 96708 Insurance Expense 2600 Land Lease YN No Laundry Features None Levels OneTwo Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Maintenance Expense 2000 Net Operating Income 55598 New Construction YN No New Taxes Expense 29750 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 2 Number Of Units Leased 7 Operating Expense 41110 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 8059 Trash Expense 400 Utilities Natural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 3040 Water Source Public Zoning MPR3YY



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-23T20:34:36.607. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Crystal Young of Resound Properties (626-863-2221)