$3,400,000
$3,500,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
0.82 Acres Lot
SOLD DATE : 05/19/2021
Key Details
Sold Price $3,400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DW21048769
Sold Date 05/19/21
HOA Y/N No
Year Built 1959
Lot Size 0.820 Acres
Acres 0.82
Property Description
We are pleased to exclusively present this investment portfolio property in the historical city of Monrovia. A total of three parcels of prime land within a well established and mature community. A 10 unit portfolio offering with over 20% upside rent potential. All 2 bed units some featuring private garden and/or patios and separate 2 car garage. Nine separate buildings the newest built in 1990, all units are individually metered for gas and electricity.
Monrovia is located 20 miles northeast of Los Angeles at the base of the San Gabriel Mountains,
Monrovia is part of the San Gabriel Valley, just eight miles east of the city of Pasadena between the cities of Sierra Madre and Bradbury.
This growing city of nearly 40,000 residents distinguishes itself from other communities with its dynamic small-town charm and collection of high-tech industry. A world of amenities is available here: everything from world-class cultural facilities to glorious recreational outlets to top-rated education and healthcare is available right at residents fingertips.
Monrovia is ideally positioned to continue its trend for controlled growth. The City’s vibrant economy fosters enhanced job creation while a commitment to revitalization and development ensures that Monrovia maintains its attractive neighborhoods.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning MORM*
Rooms
Ensuite Laundry Gas Dryer Hookup, Inside, In Garage
Interior
Laundry Location Gas Dryer Hookup,Inside,In Garage
Heating Central
Fireplace No
Laundry Gas Dryer Hookup, Inside, In Garage
Exterior
Garage Assigned
Garage Spaces 16.0
Garage Description 16.0
Pool None
Community Features Suburban
Parking Type Assigned
Total Parking Spaces 32
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story One
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 8516010008
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Edwin Mariscal • Edwin Mariscal, Broker