425 Walnut AveMonrovia, CA 91016

This Monrovia investment property, located at 425 E. Walnut Ave, offers a compelling value-add opportunity. The property consists of two units: a main house featuring two bedrooms, one and a half bathrooms, and an office (potentially a third bedroom), and a detached one-bedroom, one-bathroom unit. Built in 1910, the Craftsman-style buildings boast approximately 1,355 square feet of rentable space situated on a 6,539 square foot lot zoned RM3000/PUD. Both units include washer/dryer hookups and ample driveway parking. The detached unit features a private fenced yard. Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $26,047, representing a 2.90% capitalization rate. However, a pro-forma analysis projects a significantly improved NOI of $43,798 and a 4.87% capitalization rate, highlighting the substantial upside potential. The asking price is $899,000, translating to $449,500 per unit and $663.47 per square foot. This property presents a rare chance to acquire a well-located, income-producing duplex in a desirable Los Angeles County neighborhood with significant potential for increased profitability.