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$ 2,490,000
Est. payment | /mo
15 Beds
10 Baths
5,676 SqFt
$ 2,490,000
Est. payment | /mo
15 Beds
10 Baths
5,676 SqFt
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 5,676 sqft
Price per Sqft $438
MLS Listing ID 25507137
Bedrooms 15
HOA Y/N No
Year Built 1955
Lot Size 0.297 Acres
Property Description
Fantastic opportunity to purchase a well maintained Monrovia apartment property that provides consistent and predictable rental income. PLEASE NOTE: The property consists of 7 units plus 2 legal, non-conforming units for a total of 9 rental units (Buyer to verify). Situated on a corner, the double lots combined are about 12,921 SF in total. With a variety of unit types, these apartments appeal to variety of renters. The building consists of two 3 Bed + 1 bath units; one 3 Bed + 2 bath unit; two 1 Bed + 1 bath units and 4 Studio + 1 bath units. There are a total of 8 gas and 8 electric meters, so the landlord pays the gas and electricity for the two legal, non-conforming units, which are 1 Bed units. On-site parking include covered carport and open spaces accommodates for a total of 12 vehicles. Much of the plumbing has been updated with copper, the electrical breakers have been updated and a complete NEW roof about 5 years ago. Five units have individual water heaters and the four studio units are supplied by one central water heater with gas paid for by the landlord. There is a former laundry room that can be made active again for on-site laundry and additional income. PLEASE DO NOT GO ONTO THE PROPERTY, TALK TO OR DISTURB THE TENANTS. DRIVE-BY ONLY. Broker/Agents make no guarantees or warranties regarding property unit count. Buyer to independently verify unit count accuracy.
Location
State CA
County Los Angeles
Area 639 - Monrovia
Zoning MORM*
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Detached Carport
Total Parking Spaces 12
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 8506008027
Financing Cash
Special Listing Condition Standard
Listed by Alexander Metaxas Realty Investment Advisors, Inc.
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Valerie Castle
Managing Broker, JD | Lic# DRE# 01065018/02178736