Est. cap rate

4.2%

Assumed rent, all units

$9,720/mo

Units

4

Price per unit

$349,722

Est. annual NOI

$58,320

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

Quadruplex

Bedrooms

4

Building size

2,545 sqft

Lot size

7,308 sqft

Year built

1910

Stories

2

Garage spaces

0

Style

Craftsman

Heating

Wall Furnace,Central

Cooling

Central Air,Wall/Window Unit(s)

Pool

None

View

Mountain(s)

Status

Active

Days on market

14

MLS #

247021941

About this property

Well maintained charming triplex with additional bonus studio, located in a desirable Monrovia neighborhood just one street south of Foothill. A three bedroom 2 bath separate home graces the front & a triplex to the rear with 2 one bedrooms and a bonus studio. Units A, C and the front home are nicely remodeled with granite counter tops, renovated cabinetry, upgraded baths. Triplexes have wall heaters and wall air conditioners and front home has central air & heat, tankless water heater. Included for the three rear units is a private laundry room with coded access. Serving the rear units is a 2014 installed solar system, all paid, providing electricity for those three Three refrigerators, stoves, 3 microwaves wall a/c units belong to the landlord and included in sale. Parking pad with one space each for unit B & C. Unit A is a studio bonus unit added by the previous owner. Comfortable living spaces within a grassy and tree-lined lot, close to shopping (Aldi's, Home Goods etc) & a few blocks to quaint downtown Monrovia. Strong rental income and reasonable expenses. Possible 48 hours notice for showings or subject to inspection with accepted offer. A wonderful investment or possible owner occupied opportunity in the popular City of Monrovia. INCLUSIONS: 3 refrigerators, stoves, and solar panels.

Location

/617 Wildrose

Monrovia, Los Angeles, CA, 91016