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$2,500,000 USD
406 S 5th Avenue
Monrovia, California 91016
USA
Monrovia, California 91016
USA
353.392 m2 ::
3,804 sqft
Residential For Sale, Apartment
Land size: 0.105 ha ::
0.26 acres
Sale price per sqm: 7,074.07
Tax: 24,830 USD
Remarks:
Prime 6-Unit Investment Opportunity in Highly Desirable Location — NO CITY RENT CONTROL! Welcome to an exceptional, turnkey multi-family investment property situated in a highly sought-after neighborhood just North of Colorado Blvd and South of Foothill Blvd. Impeccably maintained and boasting a phenomenal rental history with 100% occupancy ("always rented"), this complex offers a rare combination of immediate cash flow and hassle-free management. The Unit Mix & Layout: Four (4) 2-Bedroom / 1-Bathroom Units: Approximately 650 sq. ft. each. These highly desirable, single-story ground-level units are attached in the front of the complex. They feature private rear patios. Two (2) 1-Bedroom / 1-Bathroom Units: Approximately 500 sq. ft. each. Quietly situated above the rear carport area. Extensive Modern Upgrades: Five of the six front units have undergone complete, high-end renovations designed to attract top-tier tenants. Upgrades in these units include: Climate & Efficiency: Central heat and air for year-round comfort (one unit features a window AC), plus energy-efficient tankless water heaters. Interior Finishes: Beautiful laminate flooring, recessed lighting, elegant crown molding, and modern ceiling fans. Gourmet Kitchens: Upgraded with sleek quartz countertops and premium stainless steel appliances (including refrigerator, range, and microwave). Luxury Baths: Thoughtfully remodeled featuring a shower-over-tub enclosed with a sleek glass door. Property Amenities: Parking: 6 covered carport spaces at the rear of the property (1 dedicated space per unit). Laundry: Convenient on-site, coin-operated laundry room equipped with 1 washer and 1 dryer (additional income stream). Location: Perfectly positioned close to premier shopping, vibrant dining options, and major thoroughfares. This is a true pride-of-ownership property in a fantastic area. With no city rent control and units consistently in high demand, this is a golden opportunity to add a high-performing asset to your real estate portfolio. PLEASE NOTE: DRIVE-BY ONLY. DO NOT DISTURB TENANTS UNDER ANY CIRCUMSTANCES.
Features:
- Year Built: 1948
- Building age: Over 50 years old
- Exterior Description: Stucco
- Appliances: Microwave, Ceiling Fan
- Property Features: Carport
- Number of parking spaces: 6
Location:
406 S 5th Avenue, Monrovia, California 91016, USA
Listed By CENTURY 21 Village Realty
The Residential For Sale, Apartment located at 406 S 5th Avenue, Monrovia, California 91016, USA is currently for sale. 406 S 5th Avenue, Monrovia, California 91016, USA is listed for $2,500,000 USD. This property has 3,804 sqft. If the property located at 406 S 5th Avenue, Monrovia, California 91016, USA isn't what you're looking for, search California Real Estate to see other Homes For Sale in Monrovia.
