3 Bedroom home with 2 Townhouse rentals.
Located on the corner of Primrose and Walnut this
spectacular investment opportunity is only 1 block from the movie theatres,
coffee houses and farmers market in Old Town Monrovia. This property is
centrally located in the San Gabriel Valley and is less than a mile from the
future Gold Line Station in Monrovia. Minutes north of the 210 freeway the
property provides easy access to the 605 Freeway while only 15 minutes from
Pasadena.
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Built in 1987
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3 bedroom 3 bath home
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Duplex with two 2 bedroom 1 & 1/2 bath townhomes
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Three 2 car oversized garages
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Central Heating and Air Conditioning
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Full size washer and dryer hook ups
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Custom kitchens with granite or ceramic tile
countertops
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Private patios
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2nd story decks with mountain views
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Three bedroom home with 1,360 square feet of living
space
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Two bedrooms units each with 1,026 square feet of
living space
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7,779 square foot lot (per assessor)
Financial Highlights
| 3 Bedrooms |
$1,995 |
| 2 Bedrooms #A |
$1,695 |
| 2 Bedrooms #B |
$1,595 |
| Total Monthly Revenue |
$5,285 |
| |
|
| Gross Schedule Income |
$63,420 |
| Vacancy Allowance (5%) |
$3,170 |
| Gross Operating Income |
$60,250 |
| |
|
| Operating Expenses (actual) |
|
| Repairs & maintenance |
$1,400 |
| Landscaping |
$1,900 |
| Tree Trimming |
$350 |
| Water/Sewer |
$1,450 |
| Common area electric |
$350 |
| Trash |
$500 |
| Alarm Monitoring |
$770 |
| Pest Control |
$120 |
| Insurance |
$2,950 |
| Taxes (estimated @ 1.25%) |
$11,990 |
| Total operating expenses |
$21,780 |
| |
|
| Net Operating Income |
$38,470 |
Drive by offer subject to inspection, Do not disturb tenants.
Click on the following pictures for larger images.
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