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Fantastic opportunity to purchase a well maintained Monrovia apartment property that provides consistent and predictable rental income. PLEASE NOTE: The property consists of 7 units plus 2 legal, non-conforming units for a total of 9 rental units (Buyer to verify). Situated on a corner, the double lots combined are about 12,921 SF in total. With a variety of unit types, these apartments appeal to variety of renters. The building consists of Two 3 Bed + 2 bath units; one 3 Bed + 1 bath unit; two 1 Bed + 1 bath units and 4 Studio + 1 bath units. There are a total of 8 gas and 8 electric meters, so the landlord pays the gas and electricity for the two legal, non-conforming units, which are 1 Bed units. On-site parking include covered carport and open spaces accommodates for a total of 12 vehicles. Much of the plumbing has been updated with copper, the electrical breakers have been updated and a complete NEW roof about 5 years ago. Five units have individual water heaters and the four studio units are supplied by one central water heater with gas paid for by the landlord. There is a former laundry room that can be made active again for on-site laundry and additional income. PLEASE DO NOT GO ONTO THE PROPERTY, TALK TO OR DISTURB THE TENANTS. DRIVE-BY ONLY. Broker/Agents make no guarantees or warranties regarding property unit count. Buyer to independently verify unit count accuracy.
Property Type(s):
Residential Income
| Last Updated | 3/26/2025 | Year Built | 1955 |
|---|---|---|---|
| Community | Monrovia | County | Los Angeles |
Additional Details
| AREA | Monrovia |
|---|---|
| GARAGE | Detached Carport |
| HEAT | Wall Furnace |
| LOT | 0.3 acre(s) |
| LOT DIMENSIONS | 42x155 |
| PARKING | Detached Carport |
| STORIES | 2 |
| ZONING | MORM* |
Location
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Listed with Realty Investment Advisors, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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