Realty Masters & Associates, Inc.
Carlos Cabrera, Realty Masters & Associates, Inc.Phone: (323) 855-9331
Email: [email protected]
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listing
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Residential IncomeFor Sale
$3,788,000
215 W Cypress Ave
Monrovia, CA 91016
Listed by Robert Ip DRE#01876261 [email protected] Coldwell Banker Realty Pasadena
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$19,653/mo

pleased to present the rare opportunity to purchase a 12-unit apartment complex in the heart of the San Gabriel Valley. This property has close access to the 210 Freeway off of Myrtle Avenue and major thoroughfare Huntington Drive, making this a highly desirable location for any commuter throughout the valley. All units are 2 bed and 1 bath. There is a tremendous opportunity to increase the rents to the market value which would result in a 72% increase over the current income. Further value can be added by the construction of two ADUs*, one per parcel. Improvements: Roof replaced: 215 (2022), 217 (2016) Windows installed: 2021 Painted: 2022 *Buyer to verify with the City of Monrovia

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Information courtesy of Coldwell Banker Realty Pasadena is subject to verification and is not guaranteed.
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