1858 8th Ave., Monrovia, CA 91016 - PW21176946 - iPro Real Estate
iPro Real Estate

iPro Real Estate

1858 8th Ave.
Monrovia, CA 91016

Active, Multi-Family/Income Sale

For Sale

$875,000 $102.28 per sqft

Free Professional CMA

Listing ID : PW21176946

  • Beds

    4
  • Lot Size

    8,555 Sqft

Description

An incredible opportunity to own TWO single family homes in a quiet area of Monrovia! Both properties are on a single lot directly across the street from Arcadia where homes sell well into the millions! The front house features brand new interior paint, hardwood floors, a newer bathroom, ample outdoor space, citrus trees, a walk-in closet, a walk-in pantry, a laundry room, and an inviting front porch. The back house facing El Norte features a newer roof, newer windows, attached garage, newer bathroom, and a maintained yard with a lemon tree. This is an amazing property with tremendous upside in rents as well as the ability to construct an Accessory Dwelling Unit for additional income. The opportunity here is significant for either a homeowner who wants to live in one house and rent out the other, or for an investor who has several options to add value to both properties. Front House (facing 8th): 1,024 square feet, and with 2 bedroom/1 bath. Previous tenant was paying $1,800 monthly. Second House (facing El Norte): Occupied, 906 square feet, and with 2 bedroom/1bath. Tenant pays $1,100 monthly.

Details

Type: Multi-Family/Income Sale 
County: Los Angeles 
Tax ID: 5780019017
Days on Market: 421 
Heating: Forced Air 
Number of Units: 2 
Property Type: Residential Income 
Sub Type: Multi Family 
Zoning: Assessor 

Show More

Interactive

34.13026 -118.015175 $875,000 PW21176946
1858 8th Ave., Monrovia, CA 91016
Directions to here from:

Area Information 91016

Population:

41,964 Up .03% since 2010
Average Income:
$109,614
Average Age:
38Years
Gender:
47.85%Male
52.15%Female
Households:
15,53929.29% with children
Average Value:
$869,251
Occupancy:
49.46%Owned
50.54%Rented
4.67%Vacant
Education:
21.15%High School
10.3%Associate
22.03%Bachelor
13.74%Graduate
Average Residency:
19Years
Crime Rate:
Average
Annual Rainfall:
29.67Inches
Earthquake Risk:
Very High
Hail Risk:
Very Low
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Below Average
Wind Risk:
Very Low

Tax Assessments

Value

  • Land $430,000
  • Improvements $400,000

  • Total $830,000

Property Tax

  • 2021 $11,231

History

Date Transaction Price Mortgage Amt & Lender
Date
Sep 23, 2021
Transaction
Sold - ResidentialPW21178098
Price
$960,000
Mortgage Amt & Lender
- -

Mortgage Calculator

Listed by Evan Haug with Haus California