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911 Monterey AVE Monrovia, CA 91016
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Key Details
Sold Price $8,040,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID WS20182961
Sold Date 11/10/20
HOA Y/N No
Year Built 1963
Lot Size 0.840 Acres
Acres 0.84
Property Description
The Monterey Apartments are located at 911 Monterey Avenue in Monrovia. This meticulously maintained, 28-unit building consists of (9) 1 Bed/1 Bath units, (18) 2 Bed/1 Bath units and (1) 4 Bed/1.5 Bath Townhouse unit. This quiet, low-density property sits on 36,746 sq. ft. of land and has 24,518 sq.ft. of rentable sq. ft. This gated community has 33 carport parking spaces, 2 shared laundry rooms and a community pool. Each unit is individually metered for gas & electricity. Located on the Arcadia/Monrovia border, tenants can walk to either city and enjoy the many amenities. With a Walk Score or 82 (Very Walkable) Monterey Apartments are ideally situated to attract a wide demographic of tenants. Old Town Monrovia, the city's central hub and home to a variety of shops and dining, the subject property is located on a quiet, low-density street in Monrovia. The Metro Gold line has a stop in both Monrovia and Arcadia and each is located about 1 mile away connecting travelers from Downtown Los Angeles to Azusa. Downtown Arcadia's shops, dining and nightlight are about a 20 minute walk to the West while Old Town Monrovia a 20 minute walk to the East. The growing city's appeal has also spurred several new development projects in the area that are currently under construction.
Location
State CA
County Los Angeles
Area 639 - Monrovia
Zoning MOPD*
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Pool Community
Community Features Curbs, Pool
Private Pool No
Building
Lot Description Street Level
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 8506033002
Energy Description 7417.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with KEVIN LUTZ • PASADENA MARKET CENTER