Est. cap rate

2.4%

Assumed rent, all units

$4,860/mo

Units

2

Price per unit

$599,444

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

3

Bathrooms

2

Building size

1,215 sqft

Lot size

9,458 sqft

Year built

1949

Stories

1

Garage spaces

0

Cooling

Central Air

Pool

None

View

None

Status

Active

Days on market

57

MLS #

245961829

About this property

Rare opportunity to own two detached homes on one lot, both delivered vacant, in the highly desirable Mayflower Village neighborhood. Whether you're looking for a multigenerational living arrangement, rental income, or the perfect owner-occupant opportunity, this unique property offers exceptional flexibility. The front home features 2 bedrooms, 1 bathroom, and approximately 763 square feet of living space. It has been freshly painted, and offers a beautifully remodeled bathroom, newly refinished original oak hardwood floors, a new roof, central HVAC, and a spacious private backyard. The rear home is even more impressive, offering 3 bedrooms, 2 bathrooms, and approximately 1,215 square feet. Beautifully remodeled throughout, it features an upgraded kitchen, updated bathrooms, a separate laundry area, a new roof, central HVAC, and a spacious private backyard. The rear home is fully gated with an automatic electric gate, providing added privacy, security, and convenience. Each home has its own meters, private driveways and garages, eliminating the inconvenience of having to move vehicles to access the property. Ideally located near shopping, dining, parks, Old Town Monrovia, and everything Monrovia and the surrounding communities have to offer. Enjoy convenient freeway access while being tucked away in a quiet neighborhood without the freeway noise. This is a truly rare opportunity to own a versatile, move-in-ready property in one of the San Gabriel Valley's most sought-after neighborhoods.

Location

312 Jeffries Avenue

Monrovia, Los Angeles, CA, 91016