NOT LISTED FOR SALE

123 -129 S Encinitas Ave Monrovia, CA 91016

26 Beds
24 Baths
12,720 Sq Ft
0.51 Acres

Last Sold August 12, 2022

Last sale price $6,450,000 $507 Per Sq Ft

38 Days on Market

Highlights

  • 0.51 Acre Lot
  • Quartz Countertops
  • Tile Flooring
  • Clifton Middle School Rated A-
  • Laundry Room
  • 4-minute walk to Library Park

About This Home

As of August 2022

PLEASE DO NOT WALK THE PROPERTY OR DISTURB RESIDENTS | 4% Cap Rate* | Constructed in 1990 to high end condo-like specs, 123-129 S Encinitas Avenue is a two-story, 12-unit multifamily property on a 22,109 square foot lot with a total building size of 12,720 square feet. The turn-key trophy asset has been immaculately maintained and offers amenities on par with newer luxury residential units. Units offer private two-car garages with EV charging stations to support 240 volts/50 amps and have been extensively renovated. The property is separately metered for gas and electric, offers an on-site laundry facility with two sets of washers and dryers (all units have in-unit laundry) as well as guest parking. 123-129 S Encinitas Avenue boasts an excellent unit mix of 10 two-bedroom/two-bathroom units and 2 three-bedroom/two-bathroom units. The bright and spacious units are approximately 1,160 square feet each and offer central air & heat, individual water heaters, a fireplace, a dishwasher, mirrored closet doors, and abundant storage space. All units have been extensively renovated to high-end, luxury designer standards. Renovations include in-unit laundry, completely new kitchens - shaker cabinets with quartz countertops, stainless steel undermount sinks, stone or tile backsplashes, upgraded stainless steel appliance packages (slide-in stoves, French door refrigerators, dishwashers, built-in microwaves), island range hoods, soft-close cabinets and under cabinet lighting, new fixtures and hardware, new bathrooms - floating custom vanities, new countertops, new bathtubs and/or walk-in showers with frameless shower doors, designer mirrors, hardware and fixtures, upgraded vinyl plank, tile, Berber carpet, and/or wood floor, smooth ceilings, recessed lighting, solid interior doors and jams, faux wood mini-blinds, new crown molding and baseboards, and updated electrical with outlets for clean TV placement. Select units have a balcony. 4% Cap Rate* with Eligible 10% Increases after COE

Last Agent to Sell the Property

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 07/05/2022

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990 | Remodeled

Lot Details

  • 0.51

Parking

  • 5 Open Parking Spaces
  • 13 Car Garage

Home Design

  • Wood Siding
  • Stucco

Interior Spaces

  • 12,720 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Kitchen

  • Oven or Range
  • Range Hood
  • <<microwave>>
  • Quartz Countertops

Flooring

  • Carpet
  • Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • 26 Bedrooms
  • Remodeled Bathroom
  • 24 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • 0.51 Acre Lot
  • Central Heating and Cooling System

Community Details

  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 8516-005-041

Property Details

Home Type

Multi-Family

Year Built

Built in 1990 | Remodeled

Lot Details

0

Parking

13

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 12720
  • Lot Acreage: 0.5075
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1990
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Tile, Vinyl Plank, Mixed
  • Appliances: Range Hood, Gas
  • Bedrooms: 26
  • Bathroom Features: Remodeled, Tile, Shower Stall
  • Kitchen Features: Quartz Counters, Remodeled
  • Laundry: In Unit, Laundry Area
  • Total Bathrooms: 24.00
  • Equipment: Microwave, Range/Oven, Refrigerator, Washer, Dryer
  • Price Per S Q F T: 507.00

Exterior Features

  • Construction: Stucco, Wood Siding
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Garage Spaces: 13
  • Other Spaces: 5
  • Parking Garage: Garage - 2 Car, Uncovered, Garage - 1 Car
  • Total Parking: 29

Utilities

  • Cooling: Central
  • Heating: Fireplace, Central
  • Water Expense: 10236.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 5300.00
  • Maintenance Expense: 8400.00
  • Management Expense: 18243.00
  • Other Expense: 2400.00

Lot Info

  • Assessor Parcel Number: 8516-005-041
  • Lot Size Area: 22109

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.22
  • Number Of Units: 12
  • Total Annual Expense: 134303
  • Type Of Units: Multifamily
  • Vacancy Rate: 3%

Tax Info

  • Tax Expense: 86074.00

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2022 08/12/22 Sold $6,450,000 0.0% $507 / Sq Ft
08/12/2022 08/12/22 Pending -- -- --
07/05/2022 07/05/22 For Sale $6,450,000 -- $507 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Priscilla Nee

    Seller's Agent in 2022

    Priscilla Nee

    CB Richard Ellis, Inc.

    (310) 550-2500

    1 in this area

    34 Total Sales

    Priscilla Nee
    Section Image

  • S

    Buyer's Agent in 2022

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 22-171113

The MLS

California Los Angeles County Monrovia 91016

123 -129 S Encinitas Ave, Monrovia, CA

This home is located at 123 -129 S Encinitas Ave, Monrovia, CA 91016 since 05 July 2022. This property was built in 1990. 123 -129 S Encinitas Ave is a home located in Los Angeles County with nearby schools including Wild Rose Elementary School, Clifton Middle School, and Monrovia High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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