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    1607 1609 S Mayflower Avenue

    Monrovia, CA 91016
    • $2,115,000
    • STATUS: Closed
    • ON SITE: 82 days
    • ID#: AR21103407
    Sold - 08/03/2021
    $2,115,000
    SOLD - 08/03/2021
    • 0
      BEDS
    • 0.53
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    This hard to find seven unit property consists of 3 two bedroom one bath duplex's and one detached two bedroom one bath unit. They are very spacious units averaging 850 sq feet each. All of the units have large yards with the exception of one and they all have individual laundry hook-ups. They have separate utilities except for water, conveniently located to shopping, restaurants, and Metro Link. The huge lot has great potential for future multi-family development. Seller is related to listing''''''''''' agent.

    Sold by Gary Lorenzini of Coldwell Banker Realty.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-05T14:30:50.533. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
    www.twissrealty.com/homes/117251755
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    1607 1609 S Mayflower Avenue Monrovia, CA 91016

    • Price: $2,350,000
    • Status: Closed
    • Updated: 2 min ago
    • ID#: AR21103407
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.53
    Acres
    1963
    Built
    Neighborhood:
    639 - Monrovia
    County:
    Los Angeles
    Area:
    639 - Monrovia
    Property Description
    This hard to find seven unit property consists of 3 two bedroom one bath duplex's and one detached two bedroom one bath unit. They are very spacious units averaging 850 sq feet each. All of the units have large yards with the exception of one and they all have individual laundry hook-ups. They have separate utilities except for water, conveniently located to shopping, restaurants, and Metro Link. The huge lot has great potential for future multi-family development. Seller is related to listing''''''''''' agent.
    Exterior Features

    Carport Spaces 2 Carport YN Yes Construction Materials Stucco Entry Level 1 Entry Location Ground Level Exterior Features Lighting Fencing BlockWood Foundation Details Slab Lot Features 6-10 Units/AcreBack YardFront YardIrregular LotLawnLandscaped Number Of Separate Electric Meters 7 Open Parking Spaces 7 Other Structures Storage Parking Total 15 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances DisposalGas RangeGas Water Heater Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetVinyl Heating Wall Furnace Heating YN Yes Interior Features Tile CountersBedroom On Main Level

    Property Features

    Additional Parcels YN No Buyer Financing Cash Cap Rate 2.8 Common Interest Community Apartment Community Features CurbsStreet LightsSidewalks Fuel Expense 0 Garage YN Yes Gross Income 113160 Gross Scheduled Income 113160 Insurance Expense 4845 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupIn Garage Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Maintenance Expense 16909 Net Operating Income 67289 New Construction YN No New Taxes Expense 29375 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Number Of Units Leased 7 Operating Expense 45871 Property Sub Type Apartment Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 113160 Trash Expense 3026 Utilities Electricity ConnectedNatural Gas ConnectedSewer Connected Water Sewer Expense 5452 Water Source Public Zoning Morm*

    Listing provided courtesy of Gary Lorenzini of Coldwell Banker Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-05T14:30:50.533. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
     
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