Est. cap rate

2.9%

Assumed rent, all units

$4,860/mo

Units

2

Price per unit

$499,000

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

3

Bathrooms

3

Building size

1,586 sqft

Lot size

8,300 sqft

Year built

1952

Garage spaces

0

Style

Traditional

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

View

None

Status

Active

Days on market

0

MLS #

249021175

About this property

Welcome to 206 & 208 Madeline Drive. Nestled along a beautiful, tree-lined street in one of North Monrovia's most desirable neighborhoods, this charming duplex offers a wonderful opportunity to own two homes on one generous lot. The front residence features two bedrooms, a den and one-and-three-quarter baths, encompassing over 900 square feet, while the rear home offers a cozy one-bedroom, one-bath layout with over 600 square feet of living space. The expansive rear yard provides a welcoming outdoor retreat, complete with a spacious patio and mature landscaping--an ideal setting for relaxing, entertaining, or creating your own private garden oasis. Enjoy the best of Monrovia living, just moments from scenic hiking trails, nearby wilderness preserves, and the vibrant shops, cafes, and restaurants of Old Town Monrovia. Brimming with potential and nestled in a sought-after location, this unique property invites you to bring your imagination and vision. With a fresh update and your own creative touches, these two delightful homes offer an exciting opportunity to create something truly special. Unit 206 offers 972 sqft, and Unit 208 offers 614 sqft.

Location

206 Madeline Drive

Monrovia, Los Angeles, CA, 91016