$1,375,000
$1,375,000
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5 Beds
4 Baths
6,628 Sqft Lot
SOLD DATE : 05/12/2022
Key Details
Sold Price $1,375,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR22075868
Sold Date 05/12/22
Bedrooms 5
HOA Y/N No
Lot Size 6,628 Sqft
Property Description
Great income property and investment opportunity in the wonderful foothills of Monrovia. This 4 unit property has been well maintained and cared for. The property sits in one of the best communities in the San Gabriel Valley. Nestled in the Foothills, and within close proximity to mass transit, with a bounty of restaurants and great shopping. The units are fully rented with long term tenants. The rents are low with plenty of room to increase. The area is sought after by tenants for its location and access to all highways. The property is extremely low maintenance, it is made up of 4 units, (1) - 2 bedroom/1 bath unit w/about 900 square feet and (3) - 1 bedroom/1 bath units w/about 600 square feet each. Each unit has one carport with alley access. The property also features a laundry room with coin operated washer and dryer that are included. The location offers easy access to local freeways 210 and 605, and Old Town Monrovia along with the Arcadia Mall. Monrovia rentals are extremely attractive, and good tenants are easy to find.
Great income property and investment opportunity in the wonderful foothills of Monrovia. This 4 unit property has been well maintained and cared for. The property sits in one of the best communities in the San Gabriel Valley. Nestled in the Foothills, and within close proximity to mass transit, with a bounty of restaurants and great shopping. The units are fully rented with long term tenants. The rents are low with plenty of room to increase. The area is sought after by tenants for its location and access to all highways. The property is extremely low maintenance, it is made up of 4 units, (1) - 2 bedroom/1 bath unit w/about 900 square feet and (3) - 1 bedroom/1 bath units w/about 600 square feet each. Each unit has one carport with alley access. The property also features a laundry room with coin operated washer and dryer that are included. The location offers easy access to local freeways 210 and 605, and Old Town Monrovia along with the Arcadia Mall. Monrovia rentals are extremely attractive, and good tenants are easy to find.
Location
State CA
County Los Angeles
Area Monrovia (91016)
Zoning Assessor
Building
Lot Description Sidewalks
Lot Size Range 4000-7499 SF
Sewer Sewer Connected
Others
Acceptable Financing Conventional
Space Rent $1,185
Listing Terms Conventional
Financing Conventional
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Bought with Sherry Carr • DPP