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$ 899,000
Est. payment | /mo
3 Beds
3 Baths
6,541 Sqft Lot
$ 899,000
Est. payment | /mo
3 Beds
3 Baths
6,541 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID WS24220728
Bedrooms 3
HOA Y/N No
Lot Size 6,541 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Back on the market! Owner is conducting approximately $40,000 worth of upgrades since we last fell out of escrow: full re-wire of front house, new sewer line system and cleanout replacements for both units, foundation reinforcement work and other small fixes. The property will be delivered with tenants in place. Both tenants are on month-to-month leases. The current rental income is as follows: 2B1.5B Front House: $2175, 1B1B back unit: $1500. 425 E Walnut Ave in Monrovia, CA. Built in 1910, this Craftsman-style property comprises a 2-bedroom, 1.5-bathroom main house with an additional office that can serve as a third bedroom, plus a detached 1-bedroom, 1-bathroom back unit, offering significant versatility for investors or owner-occupants. The main house and the back unit total approximately 1,355 rentable square feet on a parcel of 6,539 square feet zoned RM3000/PUD. Both units feature washer and dryer hookups, and the property offers ample driveway parking for residents. The detached back unit also includes a private fenced yard, perfect for rental income or guest accommodations. Located in a desirable Monrovia neighborhood, just 3.5 blocks from the vibrant downtown area, this property is ideally situated with convenient access to the 210 and 605 Freeways, making commuting easy. The property is close to Monrovias charming restaurants, local bars, and plenty of shopping options, adding to the desirability for renters. The location is also near popular recreational sites like the Monrovia Canyon Park, the Santa Anita Racetrack, and the Westfield Santa Anita Shopping Mall,
Back on the market! Owner is conducting approximately $40,000 worth of upgrades since we last fell out of escrow: full re-wire of front house, new sewer line system and cleanout replacements for both units, foundation reinforcement work and other small fixes. The property will be delivered with tenants in place. Both tenants are on month-to-month leases. The current rental income is as follows: 2B1.5B Front House: $2175, 1B1B back unit: $1500. 425 E Walnut Ave in Monrovia, CA. Built in 1910, this Craftsman-style property comprises a 2-bedroom, 1.5-bathroom main house with an additional office that can serve as a third bedroom, plus a detached 1-bedroom, 1-bathroom back unit, offering significant versatility for investors or owner-occupants. The main house and the back unit total approximately 1,355 rentable square feet on a parcel of 6,539 square feet zoned RM3000/PUD. Both units feature washer and dryer hookups, and the property offers ample driveway parking for residents. The detached back unit also includes a private fenced yard, perfect for rental income or guest accommodations. Located in a desirable Monrovia neighborhood, just 3.5 blocks from the vibrant downtown area, this property is ideally situated with convenient access to the 210 and 605 Freeways, making commuting easy. The property is close to Monrovias charming restaurants, local bars, and plenty of shopping options, adding to the desirability for renters. The location is also near popular recreational sites like the Monrovia Canyon Park, the Santa Anita Racetrack, and the Westfield Santa Anita Shopping Mall, which contribute to the rising demand for rentals in this neighborhood.
Back on the market! Owner is conducting approximately $40,000 worth of upgrades since we last fell out of escrow: full re-wire of front house, new sewer line system and cleanout replacements for both units, foundation reinforcement work and other small fixes. The property will be delivered with tenants in place. Both tenants are on month-to-month leases. The current rental income is as follows: 2B1.5B Front House: $2175, 1B1B back unit: $1500. 425 E Walnut Ave in Monrovia, CA. Built in 1910, this Craftsman-style property comprises a 2-bedroom, 1.5-bathroom main house with an additional office that can serve as a third bedroom, plus a detached 1-bedroom, 1-bathroom back unit, offering significant versatility for investors or owner-occupants. The main house and the back unit total approximately 1,355 rentable square feet on a parcel of 6,539 square feet zoned RM3000/PUD. Both units feature washer and dryer hookups, and the property offers ample driveway parking for residents. The detached back unit also includes a private fenced yard, perfect for rental income or guest accommodations. Located in a desirable Monrovia neighborhood, just 3.5 blocks from the vibrant downtown area, this property is ideally situated with convenient access to the 210 and 605 Freeways, making commuting easy. The property is close to Monrovias charming restaurants, local bars, and plenty of shopping options, adding to the desirability for renters. The location is also near popular recreational sites like the Monrovia Canyon Park, the Santa Anita Racetrack, and the Westfield Santa Anita Shopping Mall, which contribute to the rising demand for rentals in this neighborhood.
Location
State CA
County Los Angeles
Area Monrovia (91016)
Zoning Assessor
Interior
Cooling Wall/Window
Exterior
Community Features Horse Trails
Complex Features Horse Trails
Building
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Monthly Total Fees $60
Acceptable Financing Cash
Space Rent $2,175
Listing Terms Cash
Listed by CHRISTOPHER JOHNSON • LEE & ASSOC COMM R E SERV/PAS