Est. cap rate

3.6%

Assumed rent, all units

$4,860/mo

Units

2

Price per unit

$399,500

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

0

Bathrooms

0

Building size

1,588 sqft

Lot size

6,048 sqft

Year built

1951

Stories

1

Garage spaces

2

Cooling

None

Pool

None

View

None

Status

Active

Days on market

2

MLS #

247993783

About this property

Excellent price!!! Investor's delight added value fixer opportunity in Monrovia in (Unincorporated area of Los Angeles County) , this property is all vacant giving the new owner the opportunity to freely do any improvements and make corrections to add value. Cash offers preferred. All showing is by appointment only with listing agent. This property is being sold in its AS-IS condition. This property is within 1/4-mile radius of around million-dollar home sales. . Front house is facing Benrud Street, it is vacant and has its own side yard area, and its own private garage, plus its own driveway and it is 2 bedrooms 1 bath, this house which is in a separate building by itself. Back unit 203 1/2 is in a separate building, is also a 2-bedroom 1 bath, remodeled, this unit does not have final permits as a unit according to the city's records. But the tax assessor records show it as 2 units. The garage was converted to a unit, called 203 B , without any city permits, and it is 1 bedroom 2 bath. The upstairs unit has new designer vinyl flooring, new tile kitchen cabinets, new sink and faucet and under sink piping, new painting in all the rooms. It also has new vinyl window, in the living room. New water heater and new electrical panels serving all 3 units and with new conduits. There is one Gas, Electrical, and Water meter for all units. Bring your architects and explore all your expansion & ADU and renovation possibilities.

Location

203 Benrud Street

Monrovia, Los Angeles, CA, 91016