406 S 5th Avenue, Monrovia, CA 91016
406 S 5th Avenue, Monrovia, CA 91016
406 S 5th Avenue, Monrovia, CA 91016
406 S 5th Avenue, Monrovia, CA 91016
406 S 5th Avenue, Monrovia, CA 91016
406 S 5th Avenue, Monrovia, CA 91016
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$ 2,500,000
Est. payment | /mo

3 Beds

2 Baths

0.26 Acres Lot


Save
$ 2,500,000
Est. payment | /mo
Save

3 Beds

2 Baths

0.26 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26136583

Bedrooms 3

Lot Size 0.260 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

Prime 6-Unit Investment Opportunity in Highly Desirable Location NO CITY RENT CONTROL! Welcome to an exceptional, turnkey multi-family investment property situated in a highly sought-after neighborhood just North of Colorado Blvd and South of Foothill Blvd. Impeccably maintained and boasting a phenomenal rental history with 100% occupancy ("always rented"), this complex offers a rare combination of immediate cash flow and hassle-free management. The Unit Mix & Layout: Four (4) 2-Bedroom / 1-Bathroom Units: Approximately 650 sq. ft. each. These highly desirable, single-story ground-level units are attached in the front of the complex. They feature private rear patios. Two (2) 1-Bedroom / 1-Bathroom Units: Approximately 500 sq. ft. each. Quietly situated above the rear carport area. Extensive Modern Upgrades: Five of the six front units have undergone complete, high-end renovations designed to attract top-tier tenants. Upgrades in these units include: Climate & Efficiency: Central heat and air for year-round comfort (one unit features a window AC), plus energy-efficient tankless water heaters. Interior Finishes: Beautiful laminate flooring, recessed lighting, elegant crown molding, and modern ceiling fans. Gourmet Kitchens: Upgraded with sleek quartz countertops and premium stainless steel appliances (including refrigerator, range, and microwave). Luxury Baths: Thoughtfully remodeled featuring a shower-over-tub enclosed with a sleek glass door. Property Amenities: Parking: 6 covered carport spaces at the rear of the property (1 dedicated space per unit). Laundry: Convenient

Location

State CA

County Los Angeles

Zoning Assessor

Direction S/Foothill Blvd N/Colorado Blvd E/Santa Anita

Interior

Cooling Central Forced Air, Wall/Window

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 8505032026

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

MLS Router / San Diego MLS
Listed by Julie Bencosme, DRE#01305364 Century 21 Village Realty 
Nearby Locations
Woody Henderson

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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406 S 5th Avenue