Listed by Priscilla Nee, CB Richard Ellis, Inc.,

123 -129 S ENCINITAS Avenue

Monrovia, CA, 91016

$6,450,000

$507 per ft²
$6,450,000
$507 per ft²
Sold
Sold
beds
26 Beds
baths
24 Baths
carpenters-square
12,720 ft²
property_type
Multi-family
calendar
Built 1990
PLEASE DO NOT WALK THE PROPERTY OR DISTURB RESIDENTS | 4% Cap Rate* | Constructed in 1990 to high end condo-like specs, 123-129 S Encinitas Avenue is a two-story, 12-unit multifamily property on a 22,109 square foot lot with a total building size of 12,720 square feet. The turn-key trophy asset has been immaculately maintained and offers amenities on par with newer luxury residential units. Units offer private two-car garages with EV charging stations to support 240 volts/50 amps and have been extensively renovated. The property is separately metered for gas and electric, offers an on-site laundry facility with two sets of washers and dryers (all units have in-unit laundry) as well as guest parking. 123-129 S Encinitas Avenue boasts an excellent unit mix of 10 two-bedroom/two-bathroom units and 2 three-bedroom/two-bathroom units. The bright and spacious units are approximately 1,160 square feet each and offer central air & heat, individual water heaters, a fireplace, a dishwasher, mirrored closet doors, and abundant storage space. All units have been extensively renovated to high-end, luxury designer standards. Renovations include in-unit laundry, completely new kitchens - shaker cabinets with quartz countertops, stainless steel undermount sinks, stone or tile backsplashes, upgraded stainless steel appliance packages (slide-in stoves, French door refrigerators, dishwashers, built-in microwaves), island range hoods, soft-close cabinets and under cabinet lighting, new fixtures and hardware, new bathrooms - floating custom vanities, new countertops, new bathtubs and/or walk-in showers with frameless shower doors, designer mirrors, hardware and fixtures, upgraded vinyl plank, tile, Berber carpet, and/or wood floor, smooth ceilings, recessed lighting, solid interior doors and jams, faux wood mini-blinds, new crown molding and baseboards, and updated electrical with outlets for clean TV placement. Select units have a balcony. 4% Cap Rate* with Eligible 10% Increases after COE
MLS® ID:
22171113
Listed:
7/4/22
Updated:
9/29/22

Interior Features

Kitchen Appliances
Microwave, Refrigerator, Range Hood, Dryer, Washer
Total Bedrooms
26
Total Bathrooms
24
Floor Description
Carpet, Tile
Fireplace
Living Room
Cooling
Central Air
Heating
Central, Fireplace(s)

Exterior/Building Features

Lot Size
0.51 acres lot
Roof
Other

Other Property Details

Area Name
639 - Monrovia
Garage
Yes
Garage Spaces
13
Parking
Door-Multi, Door-Single, Garage, Uncovered
Parking Total
29.0
View
N
County
Los Angeles
Pool
No
Pool Description
None
Total Stories
2
Zoning
MORH*

Property History

Date
Event
Price
Value
8/17/22
Price Change
$6,450,000
100%
8/16/22
Sold
-
-
8/16/22
Price Change
$6,400,000
0%

 

Listed by Priscilla Nee, CB Richard Ellis, Inc.,

Based on information from California Regional Multiple Listing Service, Inc. as of 9/29/22. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 12:21 PM UTC, 9/29/22

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