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189 N Nicholson Ave.

Monterey Park, CA 91755
  • $6,390,000
  • STATUS: Active Under Contract
  • ON SITE: 69 days
  • ID#: WS21087810
Under Contract
UPDATED: 34 min ago
$6,390,000
  • 0
    BEDS
  • 0.78
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1989
County:

School Ratings & Info

Description

10 units of PUD income property located at 189-207 N. Nicholson Ave. in close proximity to markets, banks , restaurants and shopping district. The property has individual parcels for each unit. All needed is to obtain or renew the final public report to complete the subdivision for individual sale by the new owner in the future. The property will be sold as a whole subject to the current tenancies which are on month-month. All units have 3br/2.5ba with a master bedroom. Laminated wood flooring in most of the units.Per the assessor, 4 units of the complex have a living space of 1394 sq.ft. with 2 car garage and the rest of the 6 units have 1,585 sq.ft of living space with 3 car garage. All have the lot size of 3,419 sq.ft. each. In addition, there are 12 open parking spaces next to the units.The current fee for the HOA is $275 per month for each unit.Please don't disturb the occupants. The sale will be subject to the inspection.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-29T07:30:07.1. 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 Twiss Realty. Licensed in the State of California, USA.
www.twissrealty.com/homes/117433356
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189 N Nicholson Ave. Monterey Park, CA 91755

  • Price: $6,390,000
  • Status: Active Under Contract
  • Updated: 34 min ago
  • ID#: WS21087810
0
Beds
0
Baths
0
½ Baths
0.78
Acres
1989
Built
Neighborhood:
641 - Monterey Park
County:
Los Angeles
Area:
641 - Monterey Park
Property Description
10 units of PUD income property located at 189-207 N. Nicholson Ave. in close proximity to markets, banks , restaurants and shopping district. The property has individual parcels for each unit. All needed is to obtain or renew the final public report to complete the subdivision for individual sale by the new owner in the future. The property will be sold as a whole subject to the current tenancies which are on month-month. All units have 3br/2.5ba with a master bedroom. Laminated wood flooring in most of the units.Per the assessor, 4 units of the complex have a living space of 1394 sq.ft. with 2 car garage and the rest of the 6 units have 1,585 sq.ft of living space with 3 car garage. All have the lot size of 3,419 sq.ft. each. In addition, there are 12 open parking spaces next to the units.The current fee for the HOA is $275 per month for each unit.Please don't disturb the occupants. The sale will be subject to the inspection.
Exterior Features

Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 11 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Roof Tile

Interior Features

Common Walls No Common Walls Cooling Central AirElectricGas Cooling YN Yes Flooring Laminate Interior Features All Bedrooms Up

Property Features

Additional Parcels YN No Association YN Yes Cap Rate 3.2 Common Interest Planned Development Community Features Stable(S) Electric Expense 185 Fuel Expense 0 Garage YN Yes Gross Income 302400 Gross Scheduled Income 302400 Insurance Expense 3738 Land Lease YN No Laundry Features Washer HookupGas Dryer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Maintenance Expense 2103 Net Operating Income 205747 New Construction YN No New Taxes Expense 75000 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 11 Operating Expense 96653 Other Expense 500 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 25200 Trash Expense 5544 Water Sewer Expense 5444 Water Source Public

Listing provided courtesy of Tu Yun Hsu of Ideal Realty


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-29T07:30:07.1. 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 Twiss Realty. Licensed in the State of California, USA.
 
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