925 W Olive AVE Monrovia, CA 91016

RTI APPROVED PLANS! Subject to cancellation of current escrow. Welcome to a truly wonderful income producing project in the heart of Monrovia. This growing city offers distinct small-town charm with all of the amenities found in larger metropolitan cities. Located in close proximity to the Metro Gold Line and Old Town Monrovia, this unique property offers walkability to grocery stores, shops, restaurants, and is extremely close to freeway access. THIS IS CURRENTLY A SINGLE FAMILY RESIDENCE in great condition. Plans have been drawn according to city standards, submitted, and are APPROVED. The project requires building a two car garage for the current home, constructing 2 distinct large units with two car garages for each, and a combined total of 2300 square feet. This is one of the largest lots available in Monrovia with a huge scarcity of any income producing properties, available. Rental income will be approximately $2500/month for the 2bed bungalow and $3,000/month per unit, totaling $8,500/month. With limited to no inventory, rental amounts increasing, a lack of rental availability, and it's tremendous walkability -- this is a truly UNIQUE property with high ROI!