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    1960 Peck Rd

    Monrovia, CA 91016
    • $6,999,000
    • STATUS: Active Under Contract
    • ON SITE: 76 Days
    • MLS #: 21-770882
    Under Contract
    UPDATED: 9 min ago
    $6,999,000
    • 29
      BEDS
    • 0.66
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 16,734
      SQFT
    • $418
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1988
    County:
    Area:

    School Ratings & Info

    Description

    We are pleased to present for sale this 17 unit condo style apartment building in Monrovia just blocks away from Arcadia. Built in 1988, this is a rare opportunity for an investor to acquire a mid-size high quality asset in a thriving rental market. Situated on a 28,824 SF lot, the building is approximately 16,734 square feet and features a unit mix of: Six 2 Bedroom 2 Bath units; Four 2 Bedroom 1.5 Bath units; Two 2 Bedroom 1 Bath units and Five 1 Bedroom 1 Bath units. 9 out of the 17 units have been beautifully remodeled with new flooring, kitchen cabinets/countertops, bathroom vanities, shower tile, plumbing & electrical fixtures, new appliances, etc. The building is extremely well parked with a total of 46 parking spaces: (2) 3 car garages, (18) 2 car garages and (4) 1 car garages. Majority of the 2 bedroom units are two-story townhouse style units with direct access to their unit from their individually assigned garage. Many of the units have patios or balconies and there are two laundry rooms with two landlord owned washer and dryers in each laundry room. All the units are separately metered for gas and electricity and there may be a potential future condo conversion possibility (Buyer to verify with the city).

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-24T23:42:27.96. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.jelmbergteam.com/homes/120248603
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    1960 Peck Rd Monrovia, CA 91016

    • Price: $6,999,000
    • Status: Active Under Contract
    • Updated: 9 min ago
    • MLS #: 21-770882
    29
    Beds
    0
    Baths
    0
    ½ Baths
    0.66
    Acres
    16,734
    SQFT
    $418
    $/SQFT
    1988
    Built
    Neighborhood:
    Monrovia
    County:
    Los Angeles
    Area:
    Monrovia
    Property Description
    We are pleased to present for sale this 17 unit condo style apartment building in Monrovia just blocks away from Arcadia. Built in 1988, this is a rare opportunity for an investor to acquire a mid-size high quality asset in a thriving rental market. Situated on a 28,824 SF lot, the building is approximately 16,734 square feet and features a unit mix of: Six 2 Bedroom 2 Bath units; Four 2 Bedroom 1.5 Bath units; Two 2 Bedroom 1 Bath units and Five 1 Bedroom 1 Bath units. 9 out of the 17 units have been beautifully remodeled with new flooring, kitchen cabinets/countertops, bathroom vanities, shower tile, plumbing & electrical fixtures, new appliances, etc. The building is extremely well parked with a total of 46 parking spaces: (2) 3 car garages, (18) 2 car garages and (4) 1 car garages. Majority of the 2 bedroom units are two-story townhouse style units with direct access to their unit from their individually assigned garage. Many of the units have patios or balconies and there are two laundry rooms with two landlord owned washer and dryers in each laundry room. All the units are separately metered for gas and electricity and there may be a potential future condo conversion possibility (Buyer to verify with the city).
    Exterior Features

    Lot Size Area 28824 Other Structures None Parking Garage Garage Total Parking 46

    Interior Features

    Baths Total 29.00 Common Walls Attached Cooling Air ConditioningCentral Equipment Other Heating Central Laundry Community Laundry Equipment Own Water Heater Features Gas

    Property Features

    Gross Income 399240 Gross Operating Income 387263 Like Units1 6 Like Units2 4 Like Units3 2 Like Units4 5 Net Operating Income 258908.00 Number Of Buildings 1 Number Of Units 17 Owner Pays WaterGardener Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Assessor Tenant Pays GasElectricity Total Annual Expense 128355 Type Of Units Apartments Water Public Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Mopd*

    Listing provided courtesy of Benjamin J. Hsiang DRE#01438644 of Realty Investment Advisors, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-24T23:42:27.96. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    The Jelmberg Team | Keller Williams
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    Palm Desert CA, 92211