NOT LISTED FOR SALE

123 W Cypress Ave Monrovia, CA 91016

10 Beds
6 Baths
5,280 Sq Ft
9,338 Sq Ft Lot

Last Sold September 06, 2017

Last sale price $1,550,000 $294 Per Sq Ft

116 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Level Lot
  • Monrovia High School Rated A
  • Central Heating

About This Home

As of September 2017

LOCATION! LOCATION! LOCATION! VERY WELL MAINTAINED 6 UNIT APARTMENT WITH 1 ATTACHED GARAGE AND 5 CARPORTS, CENTRALLY LOCATED IN THE SAN GABRIEL VALLEY MINUTES NORTH OF THE 210 FREEWAY AND METRO GOLD LINE STATION IN MONROVIA, CLOSE TO OLD TOWN MONROVIA AND ARCADIA, WALKING DISTANCE TO HUNTINGTON DRIVE, BUS STOPS, RESTAURANTS, FRIDAY NIGHT FARMERS MARKET, SUPERMARKETS AND ALL KINDS OF SHOPS. 4 UNITS WITH 2BEDS/1BATH AND 2 UNITS WITH 1BED/1BATH. ALL UNITS ARE VERY CLEAN, GOOD CONDITION AND SPACIOUS. EACH UNIT HAS A PRIVATE YARD OR BALCONY FOR THE WEEKEND BARBECUE. SOME UNITS ARE NEWLY REMODELED. ON SITE LAUNDRY WHICH GENERATES EXTRA INCOME FOR THE LANDLORD. LONG TERM TENANTS WITH MONTH TO MONTH LEASES. RENTS ARE BELOW MARKET. HUGE UPSIDE POTENTIAL. NO RENT CONTROL. PROPERTY TO BE SOLD "AS IS". DRIVE BY ONLY.

Last Agent to Sell the Property

ANNIE WONG

A & K Construction And Realty Inc License #01413581 Listed on: 02/16/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 9,338 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 1 Car Garage
  • 5 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • 5,280 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location
  • Central Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 30
  • Tax Tract Number 4311
  • Assessor Parcel Number 8508010028

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $900
  • Gardener Expense $840
  • Insurance Expense $2,040
  • Trash Expense $2,304
  • Water Sewer Expense $2,520
  • New Taxes Expense $21,125
  • Operating Expense $29,729
  • Gross Income $98,760
  • Net Operating Income $87,756

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Other Phone Description: 6266792462
  • Other Phone Number: 6266792462
  • Property Attached: Yes
  • Water Sewer Expenses: 2520.00
  • Zoning: MOCG*
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 8508010028
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 293.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 2304.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 9338.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 900.00
  • Gross Income: 98760.00
  • Gross Scheduled Income: 96360.00
  • Insurance Expense: 2040.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 2400.00
  • Net Operating Income: 87756.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 8604.00
  • Rent Control: No
  • Total Actual Rent: 8030.00
  • Total Expenses: 29729.00

Tax Info

  • New Taxes Expense: 21125.00
  • Tax Census Tract: 4311.00
  • Tax Lot: 30
  • Tax Tract Number: 4311

Range of Values:

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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
09/06/2017 09/06/17 Sold $1,550,000 -8.3% $294 / Sq Ft
06/12/2017 06/12/17 Pending -- -- --
02/16/2017 02/16/17 For Sale $1,690,000 -- $320 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2017

    ANNIE WONG

    A & K Construction And Realty Inc

    (626) 821-1919

    2 in this area

    65 Total Sales

    ANNIE WONG
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS17032754

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Monrovia 91016

123 W Cypress Ave, Monrovia, CA

This home is located at 123 W Cypress Ave, Monrovia, CA 91016 since 16 February 2017. This property was built in 1964. 123 W Cypress Ave is a home located in Los Angeles County with nearby schools including Bradoaks Elementary Science Academy, Santa Fe Computer Science Magnet, 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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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