406 S 5th AVE Monrovia, CA 91016
0.26 Acres Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26136583
Construction Status Turnkey
HOA Y/N No
Year Built 1948
Annual Tax Amount $24,830
Lot Size 0.260 Acres
Property Sub-Type Apartment
Property Description
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.
Location
State CA
County Los Angeles
Area 639 - Monrovia
Interior
Interior Features Ceiling Fan(s), Quartz Counters, Utility Room
Heating Central, Wall Furnace
Cooling Central Air, Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Appliance Gas Range, Microwave, Tankless Water Heater
Laundry Common Area
Exterior
Parking Features Assigned, Carport
Carport Spaces 6
Fence Wood
Pool None
Community Features Biking, Curbs, Street Lights, Suburban, Sidewalks, Park
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View City Lights, Mountain(s)
Roof Type Composition
Total Parking Spaces 6
Private Pool No
Building
Lot Description Near Park, Near Public Transit
Story 2
Entry Level Two
Sewer Unknown
Water See Remarks
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 8505032026
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional, Submit
Listing Terms Cash, Cash to New Loan, Conventional, Submit
Special Listing Condition Standard
