237 W Central Ave - Multi-Family FOR SALE


Monrovia, CA 91016
$798,000 USD
818-730-2361
237 W Central Ave, Monrovia, CA for Sale
$798,000 USD
Multi-Family - FOR SALE
1/5
null | 3.64% Cap Rate

237 W Central Ave
Monrovia, CA 91016


HIGHLIGHTS

  • Ideal for investors or owner-occupants seeking flexibility and income potential
  • Possible Development Opportunities with the new SB79 law
  • Each residence offers 2 bedrooms and 1 bath
  • Month-to-Month leases

OVERVIEW

Discover a rare opportunity in the vibrant city of Monrovia, where tree-lined streets meet a lively mix of restaurants, coffee houses, and small-town charm. This traditional-style duplex features two separate homes on one spacious lot, making it ideal for investors or owner-occupants seeking flexibility and income potential. Each residence offers 2 bedrooms and 1 bath, thoughtfully designed for comfort and functionality. Situated on a generous 9,310 sq. ft. lot, the property presents exciting potential for future development. Both homes are separately metered for utilities (Not Including Water), and with both tenants currently on month-to-month leases, the possibilities are wide open—whether you choose to maintain steady rental income or occupy one unit while leasing the other. Perfectly located just minutes from Old Town Monrovia, top-rated schools, shopping centers, restaurants, entertainment, and the I-210 freeway, this property combines convenience, charm, and long-term value. Whether you’re expanding your investment portfolio or looking for a home that pays for itself, this Monrovia gem offers it all.

FOR SALE DETAILS

PRICE

$798,000 USD

PRICE/SF

$371 USD /SF

# OF UNITS

2

PRICE/UNIT

$399,000

CAP RATE

3.64%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,310 SF

ZONING

MORH

APN/PARCEL ID

8508-002-059

ASK ABOUT THIS PROPERTY

Dan SanchezEngel & VolkersMore Info
818-730-2361

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Dan SanchezEngel & VolkersMore Info
818-730-2361

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.