$2,835,000
$3,120,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
125 N Nicholson AVE Monterey Park, CA 91755
11,082 SqFt
Key Details
Sold Price $2,835,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,082 sqft
Price per Sqft $255
MLS Listing ID AR14095640
Sold Date 07/09/14
HOA Y/N No
Year Built 1963
Lot Size 0.399 Acres
Acres 0.399
Property Description
Huge reduce for quick sale!! The buyers have to cooperate with sellers’ 1031 exchange without any cost for buyers. 14 units property in prime location of Monterey Park, excellent combination: 10 units are 2 bedrooms with 1 bath; 4 units are 1 bedroom with 1 bath. Nice neighborhood. The rent income is high up to $183,211 annually. Close to Chinese Market, bus, park & highway. High desirable rental area. Easy to find tenants and lower manager cost. Newer remodeled and well maintenance. Nice inside condition. Gated parking with 20 carport spaces. Laundry room is on site. The rent is lower than market. According market estimate, total rent can up to $199,200. Great potential!
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Interior
Fireplace No
Exterior
Pool None
Community Features Curbs
Total Parking Spaces 20
Private Pool No
Building
Lot Description Paved
Story Two
Entry Level Two
Sewer Unknown
Water Public
Level or Stories Two
Others
Tax ID 5255017005
Acceptable Financing Cash, CashtoNewLoan
Listing Terms Cash, CashtoNewLoan
Financing Cash
Special Listing Condition Standard
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GUIDE SoCal
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Bought with Ken Fang • RE/MAX 1000 Realty
GUIDE SoCal
Broker | License ID: DRE#01976964