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About the Listing 3312 - A36182,A35740
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.
Listing Highlights
Status
Active
Days on Site
9
Property Type
Multi-Family
MLS ®
AR26136583
Year Built
1948
Total Square Footage
3,804
Lot/Acreage
0.26
County
Los Angeles
Area
639 - Monrovia
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances: Gas Range, Microwave, Tankless Water Heater
- Air Cond: Central Air,Wall/Window Unit(s)
- Heating: Central,Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s),Quartz Counters,Utility Room
- Water: See Remarks
Exterior Details
- Lot Description: Near Park,Near Public Transit,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 6
- Roof: Composition
- Others: Turnkey,Stucco,2+ Total Units
- Sewer: Unknown
- Parking Features: Assigned,Carport
Financial Details
- Tax Amount: $24,830
- Taxes w/Assessments: N/A
- Tax/Property ID: 8505032026
- Tax Year: N/A
Payment Calculator
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Questions About..
406 S 5th Ave Monrovia, CA 91016
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