For more information regarding the value of a property, please contact us for a free consultation.
925 W Olive AVE Monrovia, CA 91016
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $860,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 948 sqft
Price per Sqft $907
MLS Listing ID PF18077245
Sold Date 05/21/18
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1939
Lot Size 9,082 Sqft
Acres 0.2085
Property Description
RTI APPROVED PLANS! Subject to cancellation of current escrow. Welcome to a truly wonderful income producing project in the heart of Monrovia. This growing city offers distinct small-town charm with all of the amenities found in larger metropolitan cities. Located in close proximity to the Metro Gold Line and Old Town Monrovia, this unique property offers walkability to grocery stores, shops, restaurants, and is extremely close to freeway access. THIS IS CURRENTLY A SINGLE FAMILY RESIDENCE in great condition. Plans have been drawn according to city standards, submitted, and are APPROVED. The project requires building a two car garage for the current home, constructing 2 distinct large units with two car garages for each, and a combined total of 2300 square feet. This is one of the largest lots available in Monrovia with a huge scarcity of any income producing properties, available. Rental income will be approximately $2500/month for the 2bed bungalow and $3,000/month per unit, totaling $8,500/month. With limited to no inventory, rental amounts increasing, a lack of rental availability, and it's tremendous walkability -- this is a truly UNIQUE property with high ROI!
Location
State CA
County Los Angeles
Area 639 - Monrovia
Zoning MORH*
Rooms
Main Level Bedrooms 2
Ensuite Laundry In Garage
Interior
Laundry Location In Garage
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry In Garage
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Foothills
View Y/N Yes
View Neighborhood
Total Parking Spaces 2
Private Pool No
Building
Lot Description Front Yard, Lawn, Yard
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Monrovia Unified
Others
Senior Community No
Tax ID 8506025015
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard
Read Less
Bought with EUGENE SUN • REGION 1 REALTY