Under contract

Active Under Contract

425 E Walnut Avenue

Monrovia CA, 91016

$899,000


$663.47 per sqft

Under contract

Active Under Contract

1,355 sqft

Multi-family

Built in 1910

Listed by CHRISTOPHER JOHNSON with LEE & ASSOC COMM R E SERV/PAS [email protected]

Welcome to 425 E Walnut Ave in Monrovia, CA. Built in 1910, this Craftsman-style property comprises a 2-bedroom, 1.5-bathroom main house with an additional office that can serve as a third bedroom, plus a detached 1-bedroom, 1-bathroom back unit, offering significant versatility for investors or owner-occupants. The main house and the back unit total approximately 1,355 rentable square feet on a parcel of +-6,539 square feet zoned RM3000/PUD. Both units feature washer and dryer hookups, and the property offers ample driveway parking for residents. The detached back unit also includes a private fenced yard, perfect for rental income or guest accommodations. The current rental income is as follows: 2B1.5B Front House: $2175, 1B1B back unit: $1500.

Located in a desirable Monrovia neighborhood, just 3.5 blocks from the vibrant downtown area, this property is ideally situated with convenient access to the 210 and 605 Freeways, making commuting easy. The property is close to Monrovia's charming restaurants, local bars, and plenty of shopping options, adding to the desirability for renters. The location is also near popular recreational sites like the Monrovia Canyon Park, the Santa Anita Racetrack, and the Westfield Santa Anita Shopping Mall, which contribute to the rising demand for rentals in this neighborhood.

WS24220728

MLS ID

October 24, 2024

Listed

December 11, 2024

Updated

Map

425 E Walnut Avenue
Monrovia CA, 91016

Interior Features

Total Stories

1


Interior Features

Ceiling Fan(s)


Appliances

6 Burner Stove, Dryer, Washer


Laundry Description

Washer Hookup, Gas Dryer Hookup, Outside


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.15 Acres


Architectual Style

Craftsman


Sewer

Public Sewer

Other Property Details

Area Name

639 - Monrovia


Days on Market

47


Garage

No


Parking

Driveway


Parking Total

3


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

MORM*

Listing History

Date

Event

Price

12/10/2024

Under contract

11/26/2024

Active

11/12/2024

Under contract

Listing Contact: 626-535-9888 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/11/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 12/11/2024 at 5:50 PM UTC

 

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