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1251 College View Dr
Off-Market Call for Pricing
Call for Pricing
- 13 Units
- 8,745 Sq Ft
- 15,192 Sq Ft
- Unknown Cap Rate
Description
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 new central water heater, and offers a gated pool, an on-site laundry facility, and covered parking with storage bins. 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 cooling. With current rents approximately 25% below market, a new owner is presented with the opportunity to increase rents to market upon vacancy or further increase rental income with complete unit renovations. There are no local rent control restrictions, but the property is subject to AB 1482. The property offers easy access to the 10, 60, and 710 freeways, providing ease of access to neighboring cities as well as Downtown Los Angeles, located less than 8 miles away. 1251 College View Drive is walking distance to East Los Angeles College (ELAC), which has a enrollment of approximately 30,321 students.
Owner
Do you own or manage this property?
This is My PropertyAmenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,950,000 |
| Property Type | Multi-Family |
| Usable Sqft | 8,745 |
| Number of Stories | 2 stories |
| Parking Spots | 6 spots |
| Year Built | 1959 |
| Last Sold | August 18, 2025 |
| Sold Price | 2,850,000 |
| APN # | 5253033043 |
| MLS # | 25503037 |
| Property ID | 321346818 |
| Lot Sqft | 15,192 |
| Zoning | MPR3YY |
| Total Units | 13 |
| Date Updated | August 19, 2025 |
| Date Created | March 11, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 0 | 1.00 | $995 | $18,600 |
| Unit #2 | 2 | 1.00 | $1,620 | $27,000 |
| Unit #3 | 2 | 2.00 | $1,728 | $28,200 |
| Unit #4 | 1 | 1.00 | $1,585 | $228,000 |
| Gross Income (Yr) | $ 237,187 |
| Operating Expenses | $ 95,672 |
| Net Income (Yr) | $ 141,515 |
Listing Provided By
Priscilla Nee an agent of . Lic #01435254
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Robert Crawford
REAL ESTATE AGENT