425 E Walnut Ave 2 Unit Apartment Building Offered at £694,369 at a 2.90% Net Initial Yield in Monrovia, CA 91016
EXECUTIVE SUMMARY
Lee & Associates - Pasadena is pleased to present 425 E Walnut Ave in Monrovia. Built in 1910, this Craftsman-style property comprises a 2-bedroom, 1.5-bathroom main house with an additional office that can serve as a third bedroom, plus a detached 1-bedroom, 1-bathroom back unit, offering significant versatility for investors or owner-occupants. The main house and the back unit total approximately 1,355 rentable square feet on a parcel of ±6,539 square feet zoned RM3000/PUD. Both units feature washer and dryer hookups, and the property offers ample driveway parking for residents. The detached back unit also includes a private fenced yard, perfect for rental income or guest accommodations.
PROPERTY FACTS
| Price | £694,369 |
| Price Per Unit | £347,185 |
| Sale Type | Investment |
| Net Initial Yield | 2.90% |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.15 AC |
| Building Size | 6,539 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 1910 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1.5 | 1 | - | 1,000 |
| 1+1 | 1 | - | 355 |
1 of 1
Walk Score®
Very Walkable (82)
ZONING
| Zoning Code | RM3000/PUD |
