425 Walnut AveMonrovia, CA 91016
- Residential income properties
- 1,355 SF
Property Details for 425 Walnut Ave
- Year built
- 1910
- Property size (Sq ft)
- 1,355 SF
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
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.
Location Insight
- City
- Monrovia
- County
- Los Angeles
- State
- California
- Latitude
- 34.1439
- Longitude
- -117.994
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].