Est. cap rate

2.3%

Assumed rent, all units

$7,680/mo

Units

2

Price per unit

$995,000

Est. annual NOI

$46,080

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

6

Bathrooms

4

Building size

4,208 sqft

Lot size

10,451 sqft

Year built

1946

Stories

2

Garage spaces

2

Style

Traditional

Heating

Central

Cooling

Central Air

Pool

None

View

Neighborhood

Status

Active

Days on market

62

MLS #

245153545

About this property

Rare North Monrovia offering: a 1946 two-story home with two full residences plus a permitted junior ADU, 4,208 sq ft of living space on a 10,451 sq ft corner lot at Prospect Ave and Hill St. The 2,338 sq ft upper residence features three bedrooms, two baths, a spacious family room, and an ante room at its center. The 1,870 sq ft lower residence offers a bedroom, full bath, family room, kitchen with island, dedicated laundry room, and a large storage room. The 455 sq ft junior ADU on the lower level has its own private entrance, kitchen, den, bedroom, and three-quarter bath — ideal for extended stays or rental income. Central heat and air throughout. Outside, the property offers a detached two-car garage, carport, covered patio, and mature landscaping with a fountain. Live in one residence and rent the others, house multiple generations under one roof, or hold as an income property in one of Monrovia's most established neighborhoods, minutes from Old Town and the foothills.

Location

400 Prospect Avenue

Monrovia, Los Angeles, CA, 91016