Est. cap rate

2.1%

Assumed rent, all units

$4,860/mo

Units

2

Price per unit

$695,000

Est. annual NOI

$29,160

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

2

Building size

2,229 sqft

Lot size

9,163 sqft

Year built

2021

Stories

1

Garage spaces

2

Heating

Central

Cooling

Central Air

Pool

None

View

Mountain(s)

Status

Active

Days on market

66

MLS #

245862781

About this property

Welcome to this wonderful and unique multi-family opportunity ideally located in the heart of Monrovia! Situated on a nearly 9,200 sq. ft. lot, this beautifully landscaped property features two fully independent homes with separate addresses and individually metered utilities (water, gas, and electricity). The fully renovated main residence (348 Shode Ave, Built 1949) offers 3 bedrooms and 2 bathrooms within a bright, open floor plan. Highlights include a custom fireplace, new wood floors, a new HVAC system, new windows, and a stunning chef’s kitchen with Quartz countertops and stainless-steel appliances that flows directly to the backyard for seamless entertaining. The detached ADU (2311 California Ave, Built 2024) offers 1,000 sq. ft. of elegant living space with 2 bedrooms and 2 full bathrooms (unit shows 3 bedrooms). It boasts its own private backyard, high ceilings, a gourmet kitchen with 42” cabinetry, and a fully paid solar panel system. A 2-car garage with large gated access on each side ensures privacy and convenience for both residences. Ideal for multi-generational living or as a premium investment, this move-in ready property is just minutes from Monrovia's best shopping and dining. Don't miss this extraordinary dual-home opportunity!

Location

348 Shrode Avenue

Monrovia, Los Angeles, CA, 91016