308 N Nicholson Ave photo 308 N Nicholson Ave photo 308 N Nicholson Ave photo 308 N Nicholson Ave photo 308 N Nicholson Ave photo 308 N Nicholson Ave photo 308 N Nicholson Ave photo 308 N Nicholson Ave photo 308 N Nicholson Ave photo 308 N Nicholson Ave photo 308 N Nicholson Ave photo 308 N Nicholson Ave photo 308 N Nicholson Ave photo 308 N Nicholson Ave photo 308 N Nicholson Ave photo
Craig Strong

308 N Nicholson Ave

$3,950,000  |  308 N Nicholson Ave, Monterey Park, CA 91755
We are pleased to present the opportunity to acquire 308 North Nicholson Avenue, a 10-unit multifamily asset in Monterey Park, a core market in the San Gabriel Valley. This 10 unit complex has a desirable location fundamentals minimize lease-up time and offers a new investor high rental potential with a stable resident profile. This strategically located, two-story structures were was built in 1976 and consists of 1 three-bedroom/two-bathroom units, 4 two-bedroom/one-bathroom units, and 5 two-bedroom/two-bathroom units. It offers 10 covered parking spaces and 10 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 is also a 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 and that has been well-maintained yet positioned for future renovation.***Also available is the next door sister property: 314 Nicholson. Inquire for info to purchase both properties together. 20 Units, 2 garage structures, $7,900,000
  • For Sale
    Status
  • 21
    Bedrooms
  • 16
    Bathrooms
  • 1976
    Year Built
  • 9,684 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: For Sale
  • Living Space: 9,684 Sq.Ft.
  • Lot Size: 0.391 Acres
  • MLS ID: 21-797078
  • Type: MULTI_FAMILY
  • Year Built: 1976
  • Architecture Styles: Country English
  • View Description: Walk Street
  • School District: Los Angeles Unified

Interior

  • Total Bedrooms: 21
  • Total Bathrooms: 16
  • Laundry Room: Community, Other

Exterior & Building

  • Stories: 2
  • Garage Space: 10
  • Pool: None
  • Lot Features: Lot-Level/Flat, Lot Shape-Rectangular, Street Paved, Walk Street
  • Parking: Garage - 4 Car, Garage Is Detached, Covered Parking, Garage, Private Garage, Private, Assigned
  • Heat Type: Other
  • Air Conditioning: Air Conditioning

Financial

  • Sales Price: $3,950,000
  • Zoning: MPR3*
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308 N Nicholson Ave

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Craig Strong has the drive to go above and beyond your expectations in selling your home, or finding you the perfect new one. Contact Craig today!
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