John Lee Realty Logo

Search Homes

314 N Nicholson AvenueMonterey Park, CA 91755Price: $7,900,000

  • Price: $7,900,000
  • Est. Mortgage of $/month
  • 46 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 3.11% last updated on Dec 2, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $7,900,000List Price
  • 0.79Acreage

Listing Tools

Listed by Kristin Neithercut and Craig Strong of Compass
We are pleased to present the opportunity to acquire 2 sister properties: 308 & 314 North Nicholson Avenue, a 20-unit multifamily asset in Monterey Park, a core market in the San Gabriel Valley. This 20 unit complex has a desirable location fundamentals minimize lease-up time and offers a new investor high rental potential with a stable resident profile. These strategically located, two-story structures were built in 1976 and consist of 2 three-bedroom/two-bathroom units, 8 two-bedroom/one-bathroom units, and 10 two-bedroom/two-bathroom units. It offers 20 covered parking spaces and 20 surface parking spaces for a total of 2 parking spaces per unit. There are leased laundry machines providing ease of management. The properties are individually metered for gas and electricity. There are also two - 1,000 SF garage structures towards the back of the property that offer Accessory Dwelling Unit (ADU) potential under new AB68 law. This is a rare opportunity for an investor to acquire a generational asset with an irreplaceable location that has been well-maintained yet positioned for future renovation. ***also available to be sold as two separate 10 unit properties at $3,950,000 each.

Property Details of 314 N Nicholson Avenue

Property Details

Map Location

Driving Directions

 "Based on information submitted to CA_CRMLS as of December 4, 2021 10:52 PM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: