Property Detail

Description

Major Price Reduction! Motivated Seller. Exceptional six-unit investment opportunity in one of Monrovia's most sought-after neighborhoods. Situated on an approximately 11,151-square-foot lot, this attractive single-story property is conveniently located near Old Town Monrovia, Foothill Boulevard, shopping centers, restaurants, schools, parks, and public transportation. The property features an excellent unit mix consisting of one spacious two-bedroom, two-bathroom unit and five one-bedroom, one-bathroom units. The two-bedroom unit includes its own laundry hookups and split-system air conditioning. Most units have been updated with laminate flooring. The roof was replaced in 2017, and the property features recent upgraded electrical service, separate gas and electrical meters for each unit, individual water heaters, an on-site coin-operated laundry room, and one covered carport parking space per unit. Unit F has recently undergone an extensive renovation featuring new laminate flooring, recessed lighting, dual-pane windows, a beautifully remodeled bathroom, an updated kitchen with quartz countertops and newer cabinetry, upgraded fixtures, and two split-system air-conditioning units. This well-maintained property offers strong in-place income, additional rental upside potential, and an outstanding location in the heart of Monrovia.