123 S Encinitas Ave | Monrovia, CA 91016
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- LoopNet Team
123 S Encinitas Ave
Monrovia, CA 91016
1990s Construction | 4% CAP Rate* | 12 Units · Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Old Town Monrovia Location
- Extensively Renovated Units to Designer Condo Specs Include In-Unit Laundry, New Kitchens and Bathrooms, and Upgraded Flooring
- 11 Two-Car Private Garage (22 spaces), 2 Single-Car Private Garages & 5 Open Spaces
- 4% Cap Rate* with Eligible 10% Increases after COE
- Excellent Unit Mix of 10 (2+2’s) and 2 (3+2’s) with Large Units; ±12,720 SF Building Size
- Walking Distance to Old Town Monrovia, Proximate to Westfield Santa Anita (Over ±1.3M SF of Retail and Dining) and Santa Anita Racetrack
PROPERTY FACTS
| No. Units | 12 | Building Size | 12,720 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1990 |
| Building Class | B | Parking Ratio | 2.28/1,000 SF |
| Lot Size | 0.51 AC | ||
| Zoning | MORH* - Zoning to be verified by Buyer | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.51 AC |
| Building Size | 12,720 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1990 |
| Parking Ratio | 2.28/1,000 SF |
| Zoning | MORH* - Zoning to be verified by Buyer |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Fireplace
- Microwave
- Washer/Dryer
- Heating
- Tile Floors
- Crown Molding
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 10 | $2,463 | 1,010 |
| 3+2 | 2 | $2,988 | 1,310 |
PROPERTY TAXES
| Parcel Number | 8516-005-041 | Improvements Assessment | $4,904,445 |
| Land Assessment | $1,806,134 | Total Assessment | $6,710,579 |
PROPERTY TAXES
Parcel Number
8516-005-041
Land Assessment
$1,806,134
Improvements Assessment
$4,904,445
Total Assessment
$6,710,579
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