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1717-1719 Encino Ave
Monrovia, CA 91016
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- 6 one story well maintained units each with 2 bedrooms and one bath
- New dual pane windows
- Each has its own 1 car enclosed garage, 4 units have an additional parking space
EXECUTIVE SUMMARY
Seller wants to do a 1031 exchange. Facilitator already in place and ready to go. Property has all units rented, annual rents have been updated annually, property is well maintained by seller, new secured mailboxes 2023, new windows 2021, new painted driveway 2022, 3 new service panels 2018, (1) new tankless water heater, all new wood fence around the property copper plumbing 2018, all new wall AC units, 12 parking spaces total and the middle units and back units have not only the private garage but one extra parking spot uncovered. All units have a dishwasher, all units have a washing machine and one unit has a stackable washer/dryer. Located a few blocks from Santa Anita Mall and close to the metro. Bonus, property is on a cu-de-sac so not much traffic and nice street with street lighting and overnight parking available.Units 1717A, 1717B, 1717C, 1719A, 1719B, 1719C. First time on the market in 43 years! Submit procurement/commission amount.
PROPERTY FACTS
| Price Per Unit | $566,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Sale Condition | 1031 Exchange | Building Size | 5,712 SF |
| Gross Rent Multiplier | 23 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1963/2022 |
| Property Subtype | Apartment | Parking Ratio | 2.1/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | MORPD* - Residential | ||
| Price Per Unit | $566,667 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 23 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 5,712 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1963/2022 |
| Parking Ratio | 2.1/1,000 SF |
| Zoning | MORPD* - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Heating
- Double Pane Windows
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $2,193 | 950 |
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