Listed by Robert Ip, Coldwell Banker Realty Pasadena,

215 W Cypress Ave

Monrovia, CA, 91016

$3,788,000

$385 per ft²
$3,788,000
$385 per ft²
Active
Active
 - For Sale
carpenters-square
9,816 ft²
property_type
Multi-family
calendar
Built 1963
pleased to present the rare opportunity to purchase a 12-unit apartment complex in the heart of the San Gabriel Valley. This property has close access to the 210 Freeway off of Myrtle Avenue and major thoroughfare Huntington Drive, making this a highly desirable location for any commuter throughout the valley. All units are 2 bed and 1 bath. There is a tremendous opportunity to increase the rents to the market value which would result in a 72% increase over the current income. Further value can be added by the construction of two ADUs*, one per parcel. Improvements: Roof replaced: 215 (2022), 217 (2016) Windows installed: 2021 Painted: 2022 *Buyer to verify with the City of Monrovia
MLS® ID:
AR22149220
Listed:
7/6/22
Updated:
9/29/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area
Fireplace
None
Cooling
Wall/Window Unit(s)
Heating
Wall Furnace

Exterior/Building Features

Lot Size
0.43 acres lot
Lot Details
11-15 Units/Acre
Sewer
Public Sewer

Other Property Details

Area Name
639 - Monrovia
HOA Amenities
Sidewalks
Garage
Yes
Garage Spaces
12
Parking
Y
Parking Total
12.0
View
N
County
Los Angeles
Utilities
Electricity Available, Natural Gas Connected
Water Source
Public
Pool
No
Pool Description
None

Property History

Date
Event
Price
Value
9/16/22
Active
-
-
8/24/22
Active Under Contract
-
-

 

Listed by Robert Ip, Coldwell Banker Realty Pasadena,

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 9:01 AM UTC, 9/29/22

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