$2,500,000

Apartment

  • 3,804 Sqft
  • 11,326 Sqft lot
  • Updated: June 26
  • MLS#AR26136583

About the Property

Prime 6-Unit Investment Opportunity in Highly Desirable Location — NO CITY RENT CONTROL!
Welcome to an exceptional, turnkey multi-family investment property situated in a highly sought-after neighborhood just North of Colorado Blvd and South of Foothill Blvd. Impeccably maintained and boasting a phenomenal rental history with 100% occupancy (”always rented”), this complex offers a rare combina
Prime 6-Unit Investment Opportunity in Highly Desirable Location — NO CITY RENT CONTROL!
Welcome to an exceptional, turnkey multi-family investment property situated in a highly sought-after neighborhood just North of Colorado Blvd and South of Foothill Blvd. Impeccably maintained and boasting a phenomenal rental history with 100% occupancy (”always rented”), this complex offers a rare combination of immediate cash flow and hassle-free management.
The Unit Mix & Layout:
Four (4) 2-Bedroom / 1-Bathroom Units: Approximately 650 sq. ft. each. These highly desirable, single-story ground-level units are attached in the front of the complex. They feature private rear patios.
Two (2) 1-Bedroom / 1-Bathroom Units: Approximately 500 sq. ft. each. Quietly situated above the rear carport area.
Extensive Modern Upgrades:
Five of the six front units have undergone complete, high-end renovations designed to attract top-tier tenants. Upgrades in these units include:
Climate & Efficiency: Central heat and air for year-round comfort (one unit features a window AC), plus energy-efficient tankless water heaters.
Interior Finishes: Beautiful laminate flooring, recessed lighting, elegant crown molding, and modern ceiling fans.
Gourmet Kitchens: Upgraded with sleek quartz countertops and premium stainless steel appliances (including refrigerator, range, and microwave).
Luxury Baths: Thoughtfully remodeled featuring a shower-over-tub enclosed with a sleek glass door.
Property Amenities:
Parking: 6 covered carport spaces at the rear of the property (1 dedicated space per unit).
Laundry: Convenient on-site, coin-operated laundry room equipped with 1 washer and 1 dryer (additional income stream).
Location: Perfectly positioned close to premier shopping, vibrant dining options, and major thoroughfares.
This is a true pride-of-ownership property in a fantastic area. With no city rent control and units consistently in high demand, this is a golden opportunity to add a high-performing asset to your real estate portfolio.
PLEASE NOTE: DRIVE-BY ONLY. DO NOT DISTURB TENANTS UNDER ANY CIRCUMSTANCES.
  • Property type

    Apartment

  • Year built

    1948

  • Price/sqft

    $657

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406 S 5th Avenue, Monrovia, CA 91016, Bradbury, California, United States View on Google Maps
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Julie Bencosme

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Julie Bencosme
California, United States
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1
Listings
2021
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CENTURY 21 Village Realty
CENTURY 21 Village Realty
38 West Sierra Madre Blvd. Suite A, 91024, Sierra Madre, California, United States
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CENTURY 21 Village Realty is a traditional Full Service Real Estate office that
is family owned and operated. C
CENTURY 21 Village Realty is a traditional Full Service Real Estate office that
is family owned and operated. CENTURY 21 Village Realty has been in the same
Sierra Madre location since 1977! We opened our doors as Century 21 Max Fields
in July 1977. In May of 1986, our ownership changed and re-branded to Century 21
Village Realty to better capture the essence of the Sierra Madre Village
atmosphere. Under the leadership of our owners, Andy & Julie Bencosme, we strive
to provide professional, reliable, and personalized service to all our clients
using the latest technology and on-line marketing. Although we are located in
the charming small-town atmosphere of Sierra Madre, we service the greater San
Gabriel Valley and beyond, with business from Apple Valley to the Antelope
Valley.

We handle Residential, Residential Income Properties (Units), Historic Homes,
Newly Constructed Homes, Commercial Real Estate, Business Opportunities, Land
Sales, Mobile/Manufactured Homes, 1031 Tax-Deferred Exchanges, Trust and Probate
Sales and Property Management. We are part of the CENTURY 21 Global Referral
Network and a Fine Homes & Estates office.
Last updated
June 26
First listed
Jun 26
Listing reference
AC31031F-0EF3-4B72-9375-F2E31FCC5B8F
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