$2,250,000
$2,075,000
8.4%For more information regarding the value of a property, please contact us for a free consultation.
0.46 Acres Lot
SOLD DATE : 12/20/2019
Key Details
Sold Price $2,250,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV19266895
Sold Date 12/20/19
HOA Y/N No
Year Built 1984
Lot Size 0.460 Acres
Property Description
Attention Investors - One of a kind multi-family investment opportunity located in North Monrovia. First time offered for sale in over 50+ years. The subject property offers an A+ location nestled in the north east section of the city (minutes to Bradbury). The unit mix is comprised of a Craftsman style single story building with 2 Units: first unit is 2 Bed/1.5 Bath + Office/3rd Bedroom with an estimated living space of 1,400 SqFt. & 2nd unit with 1 Bed/1 Bath with an estimated living space of 1,100 SqFt. The second building was built in 1984 and offers four 2 Bed/1 3/4 Bath Two-Story "Town-House" style units each with an estimated living space of 1,360 SqFt. Common Amenities for ALL 6 Units consist of Central A/C & Heat, Private Fireplaces, 2-Car Garage Parking, LARGE Private Patios/Private Yards (all units), Private Balconies (townhouse units), Automatic Dishwashers, Onsite Laundry Facility & Secured Remote Access Gated Entry. A new investor will enjoy a matchless multi-family property, located in an exclusive residential neighborhood, and most importantly, a lucrative financial opportunity priced at 14.27 GRM with a CAP Rate of 4.73%. Location, Cash-Flow, Pride of Ownership!
Location
State CA
County Los Angeles
Area 639 - Monrovia
Zoning MORM*
Interior
Heating Central
Cooling Central Air
Fireplaces Type Family Room, Living Room, Master Bedroom
Fireplace Yes
Laundry Common Area
Exterior
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 15
Private Pool No
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 8518035025
Energy Description 238.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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