201 & 203 A & B West Walnut, Monrovia – Offered at $995,000

Investment Opportunity

Located on the corner of Primrose and Walnut this spectacular investment opportunity is only 1 block from the movie theaters, coffee houses and farmers market in Old Town Monrovia. This property is centrally located in the San Gabriel Valley and is less than a mile form the future Gold Line Station in Monrovia. Minutes north of the 210 Freeway the property provides easy access to the 605 Freeway while only 15 minutes from Pasadena.

Features

• Built in 1987
• 3 Bedrooms
• 3 Bathrooms
• Duplex with two 2 Bedroom 1 & 1/2 bath town homes
• Three 2 car oversized garages
• Central Heat and Air Conditioning
• Full size washer dryer hook ups
• Custom Kitchens with granite or ceramic tile countertops
• Private patios
• 2nd story decks with mountain views
• Three bedroom home with 1,026 sq. ft. of living space
• Two bedrooms units each with 1,360 sq. ft. of living space
• 7,779 sq. ft. lot (per assessor)

Financial Highlights

Current Rents

3 Bedroom$2,185

2 Bedroom #A$1,690

2 Bedroom #B$1,775

Total Monthly Revenue$5,650

Gross Scheduled Income$67,800

Vacancy Allowance (5%)$3,390

Gross Operating Income$64,410

2014 Operating Expenses (actual)

Repairs and maintenance$1,328

Landscaping$2,380

Water/Sewer$1,547

Common area electric$616

Trash$762

Insurance$939

Taxes (estimated @ 1.25%)$12,438

Total Operating Expenses$20,010

Net Operating Income$44,400

Drive by only. Offer subject to inspection.
Do not disturb tenants