203 S Madison Ave
Monrovia, CA 91016
Multifamily Property For Sale
·
11 Units
Property Facts
| No. Units | 11 | Lot Size | 0.40 AC |
| Property Type | Multifamily | Building Size | 9,696 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.55/1,000 SF |
| Zoning | MORH | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 9,696 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | MORH |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer
- Heating
- Ceiling Fans
- Stainless Steel Appliances
- Range
- Patio
Site Amenities
- Laundry Facilities
- Pool
About 203 S MADISON AVE , MONROVIA, CA 91016
Absolute Turn-Key Asset in Prime Monrovia. Non rent control, completely rehabbed in 2018. Here is an opportunity to acquire an 11-unit apartment building in the city of Monrovia. This garden-style walk-up building was originally constructed in 1962, but has undergone a complete rehab in 2018 featuring: stainless steel appliances, remodeled bathrooms, quartz tops in kitchens and bathrooms, wood-style plank flooring, in-unit stacked washer and dryer, crown molding and recessed lighting to name a few. Unit mix on this non-rent-controlled property is comprised of ten – 2 bedroom / 1 bathroom units and one – 3 bedroom / 1.75 bathroom unit. The building has a flat, rolled composition shingle roof and concrete slab foundation. Units are individually metered for gas & electric and have individual water heaters. There are 15 total detached carport spaces: 7 single carport spaces; 4 tandem carport spaces. Please do not go on Property. Tenants do not know it is for sale.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | $2,170 | 825 |
| 3+2 | 1 | $2,600 | 1,025 |
Property Taxes
| Parcel Number | 8505-029-014 | Improvements Assessment | $1,877,415 |
| Land Assessment | $2,617,005 | Total Assessment | $4,494,420 |
Property Taxes
