425 E Walnut Avenue
Monrovia, CA 91016
Active Under Contract for $899,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 6,541 sqft
| MLS | WS24220728 |
| Year Built | 1910 |
| Property Type | Duplex |
| County | Los Angeles |
| Status | Active Under Contract |
| Active Under Contract | $899,000 |
| Structure Size | N/A sqft |
| Lot Size | 6,541 sqft |
| Beds | N/A |
| Baths | N/A |
Description
Welcome to 425 E Walnut Ave in Monrovia, CA. Built in 1910, this Craftsman-style property comprises a 2-bedroom, 1.5-bathroom main house with an additional office that can serve as a third bedroom, plus a detached 1-bedroom, 1-bathroom back unit, offering significant versatility for investors or owner-occupants. The main house and the back unit total approximately 1,355 rentable square feet on a parcel of ±6,539 square feet zoned RM3000/PUD. Both units feature washer and dryer hookups, and the property offers ample driveway parking for residents. The detached back unit also includes a private fenced yard, perfect for rental income or guest accommodations. The current rental income is as follows: 2B1.5B Front House: $2175, 1B1B back unit: $1500. Located in a desirable Monrovia neighborhood, just 3.5 blocks from the vibrant downtown area, this property is ideally situated with convenient access to the 210 and 605 Freeways, making commuting easy. The property is close to Monrovia’s charming restaurants, local bars, and plenty of shopping options, adding to the desirability for renters. The location is also near popular recreational sites like the Monrovia Canyon Park, the Santa Anita Racetrack, and the Westfield Santa Anita Shopping Mall, which contribute to the rising demand for rentals in this neighborhood.
Listing information courtesy of: CHRISTOPHER JOHNSON, LEE & ASSOC COMM R E SERV/PAS 626-535-9888. *Based on information from the Association of REALTORS/Multiple Listing as of 11/23/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Arsen Grigoryan
REALTOR®
Direct: 323.363.3637
Email: Email Me
DRE: 02216049
DRE #01873088
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