123 -129 S Encinitas Ave Monrovia, CA 91016

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