Monterey Park, CA 91755,125 N Nicholson AVE

$2,835,000

$3,120,000

9.1%
Est.Price: ?

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Est. payment /mo

0.4 Acres Lot


SOLD DATE : 07/09/2014

Key Details

Sold Price $2,835,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR14095640

Sold Date 07/09/14

HOA Y/N No

Year Built 1963

Lot Size 0.399 Acres

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, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Ken Fang • RE/MAX 1000 Realty
Bought with Ken Fang • RE/MAX 1000 Realty
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