406 S 5th Avenue,Monrovia, CA 91016
Monrovia, CA 91016
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 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.
Details
| MLS # | AR26136583 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1948 |
| Days On Site | 69 |
| Listing Provided By | Century 21 Village Realty | Julie Bencosme |
Features
| SQ Feet | 3,804 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 6 |
| Building(s) | 2 |
| Acreage | 0.26 |
| Property View | Yes |
Interior
| Cooling | Central Air, Wall Window Units |
|---|---|
| Heating | Central, Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Ceiling Fans, Quartz Counters, Utility Room |
| Appliances | Gas Range, Microwave, Tankless Water Heater |
| Fireplace Yes / No | No |
Exterior
| Roof | Composition |
|---|---|
| Security Features | Carbon Monoxide Detectors, Smoke Detectors |
| Construction Materials | Stucco |
| Lot Features | Near Park, Near Public Transit |
| Fencing | Wood |
Parking
| Parking Features | Assigned, Carport |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Unknown |
Location
| Community Features | Biking, Curbs, Street Lights, Suburban, Sidewalks, Park |
|---|
Taxes
| Property | 24830 |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Monrovia |
| Zip Code | 91016 |
| Area | 639 Monrovia |
| Listing VS Median (in 91016) | |
Price: $2,500,000 low | high Med: $908,999 sqft: 3,804 low | high Med: 2,228 $ / sqft: $657 low | high Med: $410 On site: 69 low | high Med: 31.5 | |
Market Activity 91016
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Monrovia |
| Zip Code | 91016 |
| Area | 639 Monrovia |
| Listing VS Median (in 91016) | |
Price: $2,500,000 low | high Med: $908,999 sqft: 3,804 low | high Med: 2,228 $ / sqft: $657 low | high Med: $410 On site: 69 low | high Med: 31.5 | |
 | $1,580,000218 E HavenArcadia, CA 91006 |