Under ContractCondominium

303 N Nicholson Avenue 312

Monterey Park, CA, 91755

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$450,000

MLS: AR26011263

Beds

1

Baths

1

Sq Ft

768

Lot

0.76 ac

Year Built

2003

MLS #

AR26011263

Days on Market

83

Listed

Jan 24, 2026

Description

Luxurious senior living in a well-maintained 55+ community (no age restriction on purchaser; at least one resident must be 55 years or older). This desirable end-unit on the third floor offers an open and airy floor plan filled with natural light. The residence features a spacious primary bedroom with walk-in closet and is in move-in condition. Ideally located near Garfield Medical Center and Mark Keppel High School. The community amenities include a fully furnished lobby, lounge, and recreation room, mahjong room, reading room, and convenient trash chute. Additional highlights include one underground parking space, a secured storage area, and extensive landscaped grounds. This unit is equipped with central air and heating and laminated wood flooring in the living and dining areas, providing both comfort and style.

Location

Monterey Park, Los Angeles County, CA 91755

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Listed by: Anita Wong · Re/Max Premier Prop Arcadia

Payment estimate

$3,426

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $45,000 · Loan: $405,000

%
Principal & Interest
$2,488
Property tax (1.25%)
$469
Homeowners insurance
$300
Mortgage insurance
$169
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Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.

Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Monterey Park home with as little as 3.5% down using an FHA loan — roughly $15,750 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

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