425 Linwood Ave - Apartments FOR SALE


Monrovia, CA 91016 | 
$3,995,000 USD
310-968-2454
425 Linwood Ave, Monrovia, CA for Sale
$3,995,000 USD
Apartments - FOR SALE
1/22
null | 4.09% Cap Rate

425 Linwood Ave
Monrovia, CA 91016


OVERVIEW

The subject property is a 12-unit apartment complex built in 1978 and located in Monrovia, California. Ideally situated at 425 Linwood Avenue, this property offers tenants a central hub to all that Monrovia and the greater San Gabriel Valley have to offer. The improvements are built on a 17,250-square-foot lot with a total building size of 10,798 gross square feet. There is owner-owned laundry on-site. The street is primarily single family homes, is very quiet and tree lined. There are 17 on-site parking spaces provided for residents. Each well-maintained unit offers convenient access to local shopping, dining, and transportation corridors. Nestled at the foothills of the San Gabriel Mountains, the property offers proximity to major thoroughfares including the 210 and 605 Freeways, giving tenants quick access to Pasadena, Downtown Los Angeles, and surrounding employment hubs. The Monrovia submarket has experienced steady demand for quality residential rental units, d

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$347 USD /SF

# OF UNITS

12

PRICE/UNIT

$332,917

CAP RATE

4.09%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,200 SF

ZONING

RH, Monrovia

APN/PARCEL ID

8505-010-031

ASK ABOUT THIS PROPERTY

Morgan McMullinPartners CREMore Info
310-968-2454

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Morgan McMullinPartners CREMore Info
310-968-2454

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