308 Nicholson Avenue, Monterey Park, CA 91755

$6,200,000
Sold Price
$6,200,000
List Price
$7,795,000
Closing Date
Feb 07, 2023
MLS#
OC22212457
Status
SOLD
Type
Multifamily

Property Description

Nicholson Villa is a 20-unit multifamily investment property located in Monterey Park, CA. Nicholson Villa offers an attractive unit mix consisting of one, two, and three-bedroom floor plans and amenities including gated access, ample surface and garage parking, walk-in closets, private patios or yards, and on-site laundry. Current ownership has completely renovated 4 units with improvements including new shaker-style cabinets, granite countertops, plumbing fixtures, flooring, and more. Nicholson Villa has an excellent Monterey Park location within walking distance to the abundance of retail, dining, and entertainment options at the intersection of North Garfield Avenue and East Garvey Avenue. The property is located within close proximity of major economic and housing drivers for the region including Garfield Medical Center as well as multiple higher education institutions. Additionally, the property is situated less than 0.5 miles from Interstate 10, providing residents with convenient access to employment and leisure destinations in the city of Los Angeles as well as the San Gabriel Valley.

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Courtesy of Marcus & Millichap RE Invest, Tyler Leeson. Selling Office: Marcus & Millichap RE Invest.