725 W Duarte Rd | Monrovia, CA 91016
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725 W Duarte Rd
Monrovia, CA 91016
17-u PRIME Value-add Monrovia, 1973 built · Multifamily Property For Sale
·
17 Units
INVESTMENT HIGHLIGHTS
- • First Time ever offered for Sale Since 1988 (36 years – Seller is retiring).
- • Excellent value-add deals with low price per unit and Proforma CAP Rate ±7.5%!
- • Excellent unit mix with ±80% are 2 bedrooms; Large units (avg size ±900SF)
- • One of the best locations in Monrovia bordering the City of Arcadia, minutes from Old Town Monrovia, and adjacent to new townhomes development and s
- • Asset with excellent bones, built in 1973 with large total building area situated on large lot size.
- • NO LOCAL RENT CONTROL• Central HVAC for each unit (except Studio unit) • Large lot size with ample parking (±20 parking spaces)
PROPERTY FACTS
| No. Units | 17 | Building Size | 15,280 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1973 |
| Building Class | B | Parking Ratio | 1.37/1,000 SF |
| Lot Size | 0.50 AC | ||
| Zoning | RH - Commercial | ||
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.50 AC |
| Building Size | 15,280 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | RH - Commercial |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 11 | - | - |
| 2+1 | 2 | - | - |
| 1+1 | 3 | - | - |
| Studios | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 8507-015-020 | Improvements Assessment | $2,000,000 |
| Land Assessment | $2,375,000 | Total Assessment | $4,375,000 |
PROPERTY TAXES
Parcel Number
8507-015-020
Land Assessment
$2,375,000
Improvements Assessment
$2,000,000
Total Assessment
$4,375,000
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