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
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