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- LoopNet Team
243 W Colorado Blvd
Monrovia, CA 91016
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Building Size | 2,800 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1938 |
| Building Class | C | Parking Ratio | 0.75/1,000 SF |
| Lot Size | 0.18 AC | ||
| Zoning | RH, Monrovia | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 2,800 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1938 |
| Parking Ratio | 0.75/1,000 SF |
| Zoning | RH, Monrovia |
AMENITIES
UNIT AMENITIES
- Air Conditioning
ABOUT 243 W COLORADO BLVD , MONROVIA, CA 91016
Marcus & Millichap is pleased to present an eight-unit building in Monrovia, California. Located at 243 West Colorado Blvd, located west of South Myrtle Ave and South of West Foothill Rd. This offering is comprised of eight studio units just four blocks from Monrovia High School. The property has been kept in excellent shape over the years of ownership. Furthermore, this property is in a non-rent controlled location. The current owner has kept the building in excellent shape and recently installed hardwood flooring. However, he has kept rents low, which allows an investor an opportunity to capitalize on great upside in rents without having to do any major upgrades or deal with deferred maintenance. The subject property offers a truly unique opportunity for an investor to acquire a pride of ownership and well maintained property in a great Monrovia location, with tremendous upside potential in rents.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | - |
PROPERTY TAXES
| Parcel Number | 3338-012-005 | Improvements Assessment | $0 |
| Land Assessment | $18,180 | Total Assessment | $18,180 |
PROPERTY TAXES
