$1,138,000
$1,188,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
509 S Madison AVE Monrovia, CA 91016
3,843 SqFt
Key Details
Sold Price $1,138,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,843 sqft
Price per Sqft $296
MLS Listing ID WS14007924
Sold Date 06/02/14
HOA Y/N No
Year Built 1957
Tax Year 2012
Lot Size 0.321 Acres
Acres 0.321
Property Description
** Reduced ** GREAT APARTMENT INVESTMENT! 5 UNIT INCOME PROPERTY IN A NICE NEIGHBORHOOD OF MONROVIA!! The 5 units consist of 2 single story building, one building has 3 units, and the other building has 2 units. The front unit, 509, can be for owner user since it has 2 car parking. These are well maintained units with long term tenants. Property has been professional landscaped and has mountain views. The owner has owned this property since 1978. Close to Schools, many upgrades has been done to the property. Just spent +/- $12,000 to redo the driveway. Rent has potential to be raised up to +/- $70,000/year. DO NOT CONTACT TENANTS DRIVE BY ONLY. Owners extremely motivated.
Strictly Drive By!, Don't walk on the property! or disturb the tenant, your cooperation is appreciated.
Location
State CA
County Los Angeles
Area 639 - Monrovia
Interior
Fireplace No
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Curbs, Sidewalks
Utilities Available SewerConnected
Total Parking Spaces 6
Private Pool No
Building
Water Public
Others
Tax ID 8505031012
Acceptable Financing Cash, CashtoNewLoan, Submit
Listing Terms Cash, CashtoNewLoan, Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Jeannette Zhang • VasTree Real Estate
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442