Excellent investment opportunity in desirable Monrovia! This well-located 5-unit apartment complex offers strong income potential in a highly sought-after San Gabriel Valley community. The property provides an excellent opportunity for investors looking to expand their portfolio with a multifamily asset in an established residential area. Conveniently located near shopping, dining, transportation, and all that Monrovia has to offer.
Property Sub Type:
Apartment
Property Attached:
Yes
Lot Area:
8,109 sq. ft.753 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1963
(Age: 63)
General Listing Location:
Monrovia, 639 - Monrovia
County Or Parish:
Los Angeles
Tenant Pays:
Electricity
Common Interest:
None
Gross Income:
$70,000
Gross Scheduled Income:
$70,000
Net Operating Income:
$58,440
Rent Control:
Yes
Total Actual Rent:
$70,000
Association Fee:
$0
Land Lease:
No
Electric Expense:
$360
Gardener expense:
2400.0
Insurance Expense:
$5,000
Operating Expense:
$11,560
Professional Management Expense:
$0
Trash Expense:
$5,000
Water and Sewer Expense:
$3,800
Tax Lot:
20
Tax Block:
AA
North of Huntington
View:
Mountain(s), Neighborhood
Number of Buildings:
1
# of Electric Meters:
6
# of Gas Meters:
5
# of Water Meters:
1
# Units Leased:
5
Community Features:
Foothills, Mountainous, Storm Drain(s), Street Lights, Suburban, Sidewalks