727 W Foothill Boulevard

    Monrovia, CA 91016
    • $1,275,000
    • STATUS: Active
    • ON SITE: 61 days
    • ID#: AR19219940
    Price Reduced
    UPDATED: 96 min ago
    $1,275,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,690
      SQFT
    • $474
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    Great income property and investment opportunity in the wonderful foothills of Monrovia. This 4 unit property has been well maintained and cared for. The property sits in one of the best communities in the San Gabriel Valley. Nestled in the Foothills, and within close proximity to mass transit, with a bounty of restaurants and great shopping. The units are fully rented with long term tenants. Two of the units were completely remodeled within the past year. The rents are low with plenty of room to increase. The area is sought after by tenants for its location and access to all highways. The property is extremely low maintenance, it is made up of 4 units, (1) - 2 bedroom/1 bath unit w/about 900 square feet and (3) - 1 bedroom/1 bath units w/about 600 square feet each. Each unit has one carport with alley access. The property also features a laundry room with coin operated washer and dryer that are included. The location offers easy access to local freeways 210 and 605, and Old Town Monrovia along with the Arcadia Mall. Monrovia rentals are extremely attractive, and good tenants are easy to find.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-14T00:33:02.647. 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/98964338

    727 W Foothill Boulevard Monrovia, CA 91016

    • Price: $1,275,000
    • Status: Active
    • Updated: 96 min ago
    • ID#: AR19219940
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,690
    SQFT
    $474
    $/SQFT
    1954
    Built
    Neighborhood:
    639 - Monrovia
    County:
    Los Angeles
    Area:
    639 - Monrovia
    Property Description
    Great income property and investment opportunity in the wonderful foothills of Monrovia. This 4 unit property has been well maintained and cared for. The property sits in one of the best communities in the San Gabriel Valley. Nestled in the Foothills, and within close proximity to mass transit, with a bounty of restaurants and great shopping. The units are fully rented with long term tenants. Two of the units were completely remodeled within the past year. The rents are low with plenty of room to increase. The area is sought after by tenants for its location and access to all highways. The property is extremely low maintenance, it is made up of 4 units, (1) - 2 bedroom/1 bath unit w/about 900 square feet and (3) - 1 bedroom/1 bath units w/about 600 square feet each. Each unit has one carport with alley access. The property also features a laundry room with coin operated washer and dryer that are included. The location offers easy access to local freeways 210 and 605, and Old Town Monrovia along with the Arcadia Mall. Monrovia rentals are extremely attractive, and good tenants are easy to find.
    Exterior Features

    Architectural Style Contemporary Carport Spaces 4.00 Construction Materials Stucco Fence YN Yes Fencing Wood Foundation Details Raised Garage Spaces 0.00 Lot Features Rectangular LotLevelSprinkler System Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedCarportDetached CarportDrivewayAsphalt Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof AsphaltShingle Spa Features None Spa YN No View Mountain(S)Neighborhood View YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring TileWood Heating Wall Furnace Heating YN Yes Laundry Features Common AreaDryer IncludedGas Dryer HookupIndividual RoomSee RemarksWasher HookupWasher Included Levels One

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsFoothillsSidewalksStreet LightsSuburbanValley Country Us Electric Standard Electric Expense 180.00 Elevation Units Feet Fuel Expense 0.00 Garage Income 0.00 Gardener Expense 1200.00 Gross Income 74100.00 Gross Operating Income 72600.00 Gross Scheduled Income 72600.00 Insurance Expense 1725.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 1500.00 Laundry YN Yes Net Operating Income 43862.00 New Construction YN No New Taxes Expense 22320.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Number Wall AC 5 Number With Dishwasher 0 Number With Disposal 0 Number With Range 4 Number With Refrigerator 0 Operating Expense 28738.00 Present Loans 0 Property Condition Turnkey Property Sub Type Quadruplex Rent Control YN No Security Features Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasTelephone Total Actual Rent 5600.00 Total Expenses 28738.00 Trash Expense 748.00 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 2400.00 Water Source Public Year Built Source Assessor Zoning Morh*

    Listing provided courtesy of German Ghibaudo of Century 21 Ludecke Inc. and Eladio Diaz of Century 21 Ludecke Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-14T00:33:02.647. 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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