725 W Duarte Rd | Monrovia, CA 91016
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725 W Duarte Rd
Monrovia, CA 91016
17-u PRIME Value-add Monrovia, 1973 built · Build-to-Rent Property For Sale
·
17 Units
INVESTMENT HIGHLIGHTS
- • First Time ever offered for Sale Since 1988 (36 years – Seller is retiring).
- • Excellent value-add deals with low price per unit and Proforma CAP Rate ±7.5%!
- • Excellent unit mix with ±80% are 2 bedrooms; Large units (avg size ±900SF)
- • One of the best locations in Monrovia bordering the City of Arcadia, minutes from Old Town Monrovia, and adjacent to new townhomes development and s
- • Asset with excellent bones, built in 1973 with large total building area situated on large lot size.
- • NO LOCAL RENT CONTROL• Central HVAC for each unit (except Studio unit) • Large lot size with ample parking (±20 parking spaces)
PROPERTY FACTS
| No. Units | 17 | Property Size | 15,280 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Floors | 2 |
| Apartment Style | Low-Rise | Year Built | 1973 |
| Costar Property Class | B | Parking Allocation | 1.37/1,000 sq ft |
| Total Plot Size | 0.50 ac | ||
| Use Class | RH - Commercial | ||
| No. Units | 17 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | B |
| Total Plot Size | 0.50 ac |
| Property Size | 15,280 sq ft |
| Average Occupancy | 100% |
| No. Floors | 2 |
| Year Built | 1973 |
| Parking Allocation | 1.37/1,000 sq ft |
| Use Class | RH - Commercial |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 2+2 | 11 | - | - |
| 2+1 | 2 | - | - |
| 1+1 | 3 | - | - |
| Studios | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 8507-015-020 | Improvements Assessment | £1,495,320 |
| Land Assessment | £1,775,692 | Total Assessment | £3,271,012 |
PROPERTY TAXES
Parcel Number
8507-015-020
Land Assessment
£1,775,692
Improvements Assessment
£1,495,320
Total Assessment
£3,271,012
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