Triplex in the heart of Monrovia's famed Old Town
201-203 W Walnut Ave., Monrovia CA 91016
4.42% Cap rate $84,600 GSI
201 Walnut detached front home • 3 bedrooms • 2 baths • 2 car attached garage • private patio • long term tenants
203 Walnut Units A & B each feature: • 2 Bedrooms • 2 Bathrooms (1-full bath upstairs,1/2 downstairs) • 2 Car Garage • Living Room • Quiet neighborhood • Yard • Private patio above garage • Walk to Old Town
Great investment opportunity! Three units each with their own 2 car garage and laundry. The front single family home currently renting for $2500 has 3 bedrooms with no shared walls. The back two units are identical with 2 bedrooms and 2 baths. Unit B has been remodeled and features wood laminate flooring. Both units have a patio at ground level and a private rooftop loft over the garage.
Minimal operating costs approximately $5760 annually. Gardener is $80 per month. Water, trash and electrical to the common areas is around $480 per month.
Gross scheduled rent is $84,600. Front house currently pays $2,500, Unit A $2200 and Unit B $2350 per month.
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