$850,000
$899,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
425 E Walnut AVE Monrovia, CA 91016
6,542 Sqft Lot
Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID WS25068327
Year Built 1910
Lot Size 6,542 Sqft
Property Sub-Type Duplex
Property Description
This charming Craftsman-style Monrovia duplex is back and better than ever. Since its last market appearance, the property has undergone extensive upgrades including: full re-wiring of the front house (with permits), a major sewer line replacement of the front and rear unit (with permits), foundational beam and support work approved by a licensed contractor.
***The property will be delivered with tenants in place.*** Both tenants are on month-to-month leases. Front house is paying $2175/mo and back unit is paying $1500/mo.
This opportunity is perfect for investors looking for a value-add deal in non-rent controlled Monrovia (State rent control may still apply), buyer to investigate. Don't miss your chance at this upgraded and well-located income property just blocks from Downtown Monrovia!
Location
State CA
County Los Angeles
Area 639 - Monrovia
Zoning MORM*
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Exterior
Parking Features Driveway
Pool None
Community Features Biking, Foothills, Hiking, Horse Trails, Park
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Shingle
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Bought with CHRISTOPHER JOHNSON LEE & ASSOC COMM R E SERV/PAS
