725 W Duarte Rd - Apartments FOR SALE
Monrovia, CA 91016 |
725 W Duarte Rd
Monrovia, CA 91016
HIGHLIGHTS
- • First Time ever offered for Sale Since 1988 (36 years – Seller is retiring).
- • 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
- • Excellent value-add deals with low price per unit and Proforma CAP Rate ±7.5%!
- • Asset with excellent bones, built in 1973 with large total building area situated on large lot size.
- • Excellent unit mix with ±80% are 2 bedrooms; Large units (avg size ±900SF)
- • NO LOCAL RENT CONTROL• Central HVAC for each unit (except Studio unit) • Large lot size with ample parking (±20 parking spaces)
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
17-u PRIME Value-add Monrovia, 1973 built
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
15280
STORIES
2
YEAR BUILT
1973
PARKING SPACES
21
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
8507-015-020
