Monrovia, CA 91016 425 E Walnut Avenue
$899,000
20 more
Presented By: CHRISTOPHER JOHNSON with LEE & ASSOC COMM R E SERV/PAS; molaiz@lee-associates.com
Beds • 3
Full/Half Baths • 2 / 1
SQFT • 1,355
Year Built • 1910
Home Details
This charming Craftsman-style Monrovia duplex is back and better than ever. Since its last market appearance, the property has undergone extensive upgrades including: full re-wiring of the front house (with permits), a major sewer line replacement of the front and rear unit (with permits), foundational beam and support work approved by a licensed contractor.
***The property will be delivered with tenants in place.*** Both tenants are on month-to-month leases. Front house is paying $2175/mo and back unit is paying $1500/mo.
This opportunity is perfect for investors looking for a value-add deal in non-rent controlled Monrovia (State rent control may still apply), buyer to investigate. Don’t miss your chance at this upgraded and well-located income property just blocks from Downtown Monrovia!
Presented By: CHRISTOPHER JOHNSON with LEE & ASSOC COMM R E SERV/PAS; molaiz@lee-associates.com
Interior Features for 425 E Walnut Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)Yes
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesAttic
Total Stories1
Other Rooms
Entry Level1
General for 425 E Walnut Avenue
Additional Parcels Y/NNo
AppliancesDryer, Washer
Architectural StyleCraftsman
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate3.04
Carport Y/NNo
CityMonrovia
Community FeaturesBiking, Foothills, Hiking, HorseTrails, Park
CoolingWallWindowUnits
CountyLos Angeles
DirectionsTake the 210 Freeway exit on Mytle Ave. and head north on Myrtle. Make a right turn onto E Walnut Ave.
Electric Expense0.0
Electric On Property Y/NNo
Entry Locationfront door
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income44100.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense2033.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan
Lot Size Square Feet6541.0
Lot Size UnitsSquareFeet
MLS Area639 - Monrovia
MaintenanceExpense800.0
MobileHomeRemainsYNNo
Net Operating Income27370.0
New ConstructionNo
Number Of Units Total2
Number of Units Leased2
Open Parking Spaces3.0
Operating Expense4594.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofShingle
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot18
Taxes$12,137
Tenant PaysAllUtilities
Total Actual Rent3675.0
Trash Expense0.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
Water Sewer Expense1761.0
Year Built1910
Year Built SourceAssessor
ZoningMORM*
Exterior for 425 E Walnut Avenue
Building Area Total1355.0
Crops Included Y/NNo
Horse Amenities RidingTrail
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.1502
Lot Size Area6541.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesDriveway
Private PoolNo
SpaNo
Total Parking3.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Keegan Cin
Team Lead
