Proforma CAP Rate 7.5% in a NO Local Rent Control Area - First Time for Sale Since 1988! CASA DE MONARC - 725 W Duarte Rd, a 17-unit (16 + 1 non-conforming) apartment in the City of Monrovia, California. This is the first time this property has been offered for sale since 1988. Located on Duarte Rd right at the border of City of Arcadia, minutes away from Old Town Monrovia, and adjacent to recently completed new townhomes development, this 1973’s-built apartment presents a rare opportunity for investors to acquire an excellent asset with good bones in an excellent location in West San Gabriel Valley submarket. Priced competitively and without any local rent control ordinance, this value-add opportunity is a rare find for value-add investors who are looking to add value through asset repositioning. CASA DE MONARC was built in 1973, has a total of 15,280 SF building size and sits on a large ±21,750SF lot. It is strategically located only 2 blocks from the City of Arcadia and minutes away from Old Town Monrovia and Santa Anita Mall Arcadia, offering immense amenities both City of Monrovia and Arcadia have to offer. It offers a superb demographics of ±$121,527 average household income within a mile radius and adjacent to a recently completed high-end townhomes development. I
MLS #
CRAR24101847
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.00
Appliances
Oven Range - Electric
Flooring
Laminate
Laundry
Community Facility
Cooling
Central Forced Air, Window/Wall Unit
Heating
Central Forced Air, Wall Furnace
Roof
Flat
Garage/Parking
Assigned Spaces, Carport, Garage: 0 Car(s)
HOA Fee
$0
# Buildings | # Leased Units | # Total Units |
---|---|---|
2 | 17 | – |
725 W Duarte Rd is a Residential Income in Monrovia, CA 91016. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,200,000 and was built in 1973.
This address can also be written as 725 W Duarte Rd, Monrovia, CA 91016.©2024 California Regional MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of June 13, 2024. For the most current information, please contact Han Chen, (626) 594-4900