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161 N Mayflower Ave
Monrovia, CA 91016
Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.40 AC |
| Property Type | Multifamily | Building Size | 5,305 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1889/2018 |
| Building Class | C | ||
| Zoning | MORM* | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 5,305 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1889/2018 |
| Zoning | MORM* |
ABOUT 161 N MAYFLOWER AVE , MONROVIA, CA 91016
Own a piece of Monrovia History. 1st time on the market and an ultra-rare opportunity to own six units in North Monrovia! The famous M. Bushnell House was originally constructed in 1889 and features 2,353 Sq Ft, 4 bedrooms, 3 baths, Batchelder fireplace in the living room, an open and bright floorplan, lots of original door and window hardware, central heat and air, large exterior porches, an unfinished attic with 1,000 Sq Ft of usable space, a basement with over 1,300 Sq Ft of finished floor area, 2 car detached garage with lots of extra driveway parking and an automatic sliding gate. All located North of Foothill Blvd and in the award-winning Mayflower School District. The 5 rental units all have their own private entrances that are separate from the main house along with a court yard area, private yards, lot of carport parking and more. In total there is over 5,300 sq ft of living space on over 17,000 Sq Ft lot. This property also has the potential for Mills Act historical landmarking which offers the property owner substantial tax savings. Investor specs: 4% CAP rate, 17X factor for GRM, and $12,000 of monthly gross income potential.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+3 | 1 | $3,800 | - |
| 2+1 | 3 | $1,545 | - |
| 1+1 | 1 | $1,230 | - |
| Studios | 1 | $1,100 | - |
PROPERTY TAXES
| Parcel Number | 8504-012-030 | Improvements Assessment | $1,257,692 |
| Land Assessment | $1,367,057 | Total Assessment | $2,624,749 |
PROPERTY TAXES
