406 S 5th Ave
monrovia, CA 910162.500.000 US$
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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 on-site, coin-operated laundry room equipped with 1 washer and 1 dryer (additional income stream).
Location: Perfectly positioned close to premier shopping, vibrant dining options, and major thoroughfares.
This is a true pride-of-ownership property in a fantastic area. With no city rent control and units consistently in high demand, this is a golden opportunity to add a high-performing asset to your real estate portfolio.
PLEASE NOTE: DRIVE-BY ONLY. DO NOT DISTURB TENANTS UNDER ANY CIRCUMSTANCES.
Detalles
3,804 Sq Ft
0.2599 Acres privados Tamaño del lote
apartamento
2069 US$ Impuesto mensual
Creado en 1948
MLS/ID del anuncio AR26136583
2 Historias
6 Unidades
Servicios y características
Community - Biking
Community - Curbs
Community - Park
Community - Sidewalks
Community - Street Lights
Cuarto de servicio
Heating - Wall Furnace
Madera
Cooling - Ceiling Fans
Refrigeración: aire acondicionado central
Cooling - Wall/window unit(s)
Construction - Stucco
Composición
Encimeras de cuarzo
Área común
Lot - Near Public Transit
Lot - Near Park
Parking - Carport
Parking - Assigned
Mountains View
City Lights View
Calentador de agua sin tanque
Microondas
Cocina de gas.
Community - Suburban
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COSTO MENSUAL TOTAL
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- PRINCIPAL E INTERÉS
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- IMPUESTOS SOBRE LA PROPIEDAD
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Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.