$6,750,000
$6,999,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
16,734 SqFt
SOLD DATE : 11/16/2021
Key Details
Sold Price $6,750,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 16,734 sqft
Price per Sqft $403
MLS Listing ID 21770882
Sold Date 11/16/21
HOA Y/N No
Year Built 1988
Lot Size 0.662 Acres
Acres 0.6617
Property Description
We are pleased to present for sale this 17 unit condo style apartment building in Monrovia just blocks away from Arcadia. Built in 1988, this is a rare opportunity for an investor to acquire a mid-size high quality asset in a thriving rental market. Situated on a 28,824 SF lot, the building is approximately 16,734 square feet and features a unit mix of: Six 2 Bedroom 2 Bath units; Four 2 Bedroom 1.5 Bath units; Two 2 Bedroom 1 Bath units and Five 1 Bedroom 1 Bath units. 9 out of the 17 units have been beautifully remodeled with new flooring, kitchen cabinets/countertops, bathroom vanities, shower tile, plumbing & electrical fixtures, new appliances, etc. The building is extremely well parked with a total of 46 parking spaces: (2) 3 car garages, (18) 2 car garages and (4) 1 car garages. Majority of the 2 bedroom units are two-story townhouse style units with direct access to their unit from their individually assigned garage. Many of the units have patios or balconies and there are two laundry rooms with two landlord owned washer and dryers in each laundry room. All the units are separately metered for gas and electricity and there may be a potential future condo conversion possibility (Buyer to verify with the city).
Location
State CA
County Los Angeles
Area 639 - Monrovia
Zoning MOPD*
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Central
Cooling Central Air
Fireplace No
Laundry Common Area
Exterior
Garage Garage
Garage Spaces 44.0
Garage Description 44.0
Parking Type Garage
Total Parking Spaces 46
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 8509030024
Special Listing Condition Standard
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Bought with Benjamin J. Hsiang • Realty Investment Advisors, Inc.