Skip To Content
    Return to Previous Page

    624 W Foothill Boulevard

    Monrovia, CA 91016
    • $1,088,000
    • STATUS: Active Under Contract
    • ON SITE: 76 days
    • ID#: PF20131738
    Under Contract
    UPDATED: 115 min ago
    $1,088,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,200
      SQFT
    • $495
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1951
    County:

    School Ratings & Info

    Description

    I am pleased to exclusively offer for sale this 8 Unit multi-family investment property in the city of Monrovia. It consists of two 4 unit apartment buildings with two separate APN (8505-012-034 & 035) numbers. However, they must be sold together as one property. The both buildings rest on a large approx. 15,000 sq.ft. lot. Each unit is separately metered for electric and gas services and tenants pay their own utilities. Each building has four 1bed/1bath units with a private one car garage for each unit. The property shows pride of the ownership and has been owned by the same family for about 40 years! The Property is conveniently located close to grocery stores, restaurants, schools, Old Town Monrovia, Metro and a short drive to the 210 and 605 freeways. These 2 fourplexes are primed for any savvy investor for upside potential. Please check with the city regarding requirements. Buyers to do their due diligence.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-21T00:26:05.01. 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 A|G Amaya Group Real Estate. Licensed in the State of California, USA.

    www.amayarealestategroup.com/homes/107555434
    Print Image

    624 W Foothill Boulevard Monrovia, CA 91016

    • Price: $1,088,000
    • Status: Active Under Contract
    • Updated: 115 min ago
    • ID#: PF20131738
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,200
    SQFT
    $495
    $/SQFT
    1951
    Built
    Neighborhood:
    639 - Monrovia
    County:
    Los Angeles
    Area:
    639 - Monrovia
    Property Description
    I am pleased to exclusively offer for sale this 8 Unit multi-family investment property in the city of Monrovia. It consists of two 4 unit apartment buildings with two separate APN (8505-012-034 & 035) numbers. However, they must be sold together as one property. The both buildings rest on a large approx. 15,000 sq.ft. lot. Each unit is separately metered for electric and gas services and tenants pay their own utilities. Each building has four 1bed/1bath units with a private one car garage for each unit. The property shows pride of the ownership and has been owned by the same family for about 40 years! The Property is conveniently located close to grocery stores, restaurants, schools, Old Town Monrovia, Metro and a short drive to the 210 and 605 freeways. These 2 fourplexes are primed for any savvy investor for upside potential. Please check with the city regarding requirements. Buyers to do their due diligence.
    Exterior Features

    Garage Spaces 2.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN No

    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 No Common Walls Laundry Features CommunityLaundry ChuteOutside Levels One

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 0.36 Community Features HikingParkSidewalks Country Us Electric Expense 850.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 47040.00 Gross Scheduled Income 47040.00 Insurance Expense 1754.00 Land Lease YN No Laundry YN Yes Net Operating Income 39572.00 New Construction YN No New Taxes Expense 13600.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 0 Number Of Units Leased 4 Operating Expense 7513.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Tenant Pays ElectricityGasWater Total Expenses 5879.00 Trash Expense 1680.00 Water Sewer Expense 1595.00 Water Source Public Year Built Source Assessor Zoning Morh*

    Listing provided courtesy of Stephen Biskup of Sotheby's International Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-21T00:26:05.01. 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 A|G Amaya Group Real Estate. Licensed in the State of California, USA.

     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364561573-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364561573-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364561573-1.jpg
    Logo
    A|G Amaya Group Real Estate
    27150 Eucalyptus Ave., Suite A
    Moreno Valley CA, 92555