314 N Nicholson Ave Monterey Park, CA 91755

$--

15 Beds
13 Baths
9,684 Sq.Ft.

Off Market

Map preview of 314 N Nicholson Ave, Monterey Park, CA 91755

Property Overview: 314 N Nicholson Ave Monterey Park, CA has 15 bedrooms, 13 bathrooms, 9,684 living square feet and 17,938 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

314 N Nicholson Ave is currently an off market home in the city of Monterey Park. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Monterey Park has a median list price of $799,000. The median price per/sqft for Monterey Park is $631. With those numbers in mind, if you are looking to purchase a median priced home in Monterey Park, CA and put 20% down you will need to save up $159,800 for the down payment and will need roughly $15,980 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Monterey Park the commission could be as much as $43,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 314 N Nicholson Ave

Last sold on September 11th, 2012

January, 2022
Jan 21, 2022

Date

Canceled

CRMLS: 21797308

$7,770,000

Price
Oct 20, 2021

Date

Active

CRMLS: 21797308

$7,900,000

Price
Listing provided courtesy of CRMLS

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 1 bedroom plus den/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.

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September, 2012
Sep 11, 2012

Date

Sold (Public Records)

Public Records

--

Price
February, 2001
Feb 27, 2001

Date

Sold (Public Records)

Public Records

$1,430,000

Price

Tax History for 314 N Nicholson Ave

Assessed Value (2020): $985,129

Year	Land Value	Improved Value	Assessed Value
2020	$365,117	$620,012	$985,129

About 314 N Nicholson Ave

Detailed summary of property

314 N Nicholson Ave is categorized with a use code of Apartment House (5+ Units) in Monterey Park, CA 91755 and is currently off market. This property has 15 bedrooms, 13 bathrooms, roughly 9,684 living square feet, and sits on an approximately 17,938 square foot lot. Homes in Monterey Park are selling for a median price of $860,000 and a median price per square foot of $568. Local nearby listings include 1521 Helen Dr, 1629 S Oak Knoll Ave and 1629 S Oak Knoll Ave. The average home in Monterey Park, CA is selling in 60 days. There are currently 66 homes for sale in the Monterey Park real estate market and 36 of them are single family homes while 25 of them are condos and 5 are townhomes. If you are the homeowner and looking to sell the home at 314 N Nicholson Ave Monterey Park, CA 91755 contact Ardent Real Estate Group and we will put you in touch with one of our Monterey Park agents.

Public Facts for 314 N Nicholson Ave

Public county record property details

Beds: 15
Baths: 13
Year built: 1976
Sq. Ft.: 9,684
Lot Size: 17,938
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 32
APN: 5255-019-021

The source for these homes facts are from public records.

91755 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$950,000

Median List Price/Sq.Ft.

$573

Median Sold Price

$1,020,000

Median Sold Price/Sq.Ft.

$528

Total Inventory

Median Sale to List Price %

113.46%

Avg Days on Market

Loan Type

Conventional (11.11%), FHA (11.11%), VA (0%), Cash (33.33%), Other (44.44%)

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