NOT LISTED FOR SALE

1960 Peck Rd Monrovia, CA 91016

29 Beds
29 Baths
16,734 Sq Ft
0.66 Acres

Last Sold November 16, 2021

Last sale price $6,750,000 $403 Per Sq Ft

12 Days on Market

Highlights

  • 0.66 Acre Lot
  • Central Heating and Cooling System
  • Laundry Facilities
  • Monrovia High School Rated A
  • 44 Car Garage

About This Home

As of November 2021

We are pleased to present for sale this 17 unit condo style apartment building in Monrovia just blocks away from Arcadia. Built in 1988, this is a rare opportunity for an investor to acquire a mid-size high quality asset in a thriving rental market. Situated on a 28,824 SF lot, the building is approximately 16,734 square feet and features a unit mix of: Six 2 Bedroom 2 Bath units; Four 2 Bedroom 1.5 Bath units; Two 2 Bedroom 1 Bath units and Five 1 Bedroom 1 Bath units. 9 out of the 17 units have been beautifully remodeled with new flooring, kitchen cabinets/countertops, bathroom vanities, shower tile, plumbing & electrical fixtures, new appliances, etc. The building is extremely well parked with a total of 46 parking spaces: (2) 3 car garages, (18) 2 car garages and (4) 1 car garages. Majority of the 2 bedroom units are two-story townhouse style units with direct access to their unit from their individually assigned garage. Many of the units have patios or balconies and there are two laundry rooms with two landlord owned washer and dryers in each laundry room. All the units are separately metered for gas and electricity and there may be a potential future condo conversion possibility (Buyer to verify with the city).

Last Agent to Sell the Property

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644 Listed on: 08/09/2021

Co-Listed By

Alexander Metaxas

Realty Investment Advisors, Inc. License #01784652

Last Buyer's Agent

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644 Listed on: 08/09/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 0.66 Acre Lot

Parking

  • 44 Car Garage

Interior Spaces

  • 16,734 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 29 Bedrooms
  • 29 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • 17 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, gardener
  • Assessor Parcel Number 8509-030-024

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Parking

44

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 16734
  • Lot Acreage: 0.6621
  • Price Per Unit: 411706.00
  • Probate: No
  • Stories: 2
  • Year Built: 1988
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 29
  • Common Walls: Attached
  • Laundry: Community
  • Laundry Equipment: Own
  • Total Bathrooms: 29.00
  • Price Per S Q F T: 418.25

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 44
  • Parking Garage: Garage
  • Total Parking: 46

Utilities

  • Water Heater: Gas
  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessor Parcel Number: 8509-030-024
  • Lot Size Area: 28824

Rental Info

  • Owner Pays: Water, Gardener
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.53
  • Number Of Units: 17
  • Type Of Units: Apartments
  • Vacancy Allow Percent: 3.00

Range of Values:

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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 List to Sale Price per Sq Ft Prior Sale
11/16/2021 11/16/21 Sold $6,750,000 -3.6% $403 / Sq Ft
08/21/2021 08/21/21 Pending -- -- --
08/09/2021 08/09/21 For Sale $6,999,000 +42.8% $418 / Sq Ft
01/05/2016 01/05/16 Sold $4,900,000 -1.6% $293 / Sq Ft View Prior Sale
09/01/2015 09/01/15 Pending -- -- --
06/03/2015 06/03/15 For Sale $4,980,000 -- $298 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Benjamin Hsiang

    Seller's Agent in 2021

    Benjamin Hsiang

    Realty Investment Advisors, Inc.

    (424) 377-6001

    3 in this area

    73 Total Sales

    Benjamin Hsiang
    Section Image
  • Alexander Metaxas

    Seller Co-Listing Agent in 2021

    Alexander Metaxas

    Realty Investment Advisors, Inc.

    (626) 487-4300

    3 in this area

    36 Total Sales

    Alexander Metaxas
    Section Image

  • C

    Seller's Agent in 2016

    Cecil Lam

    Keller Williams Realty/Pasadena

    (626) 319-8895

    1 in this area

    2 Total Sales

    Cecil Lam
    Section Image
  • Anna Wang

    Seller Co-Listing Agent in 2016

    Anna Wang

    Keller Williams Realty

    (626) 318-2113

    1 in this area

    100 Total Sales

    Anna Wang
    Section Image

  • B

    Buyer's Agent in 2016

    Brett Skogen

    Keller Williams

See All Agents

Map

Source: The MLS

MLS Number: 21-770882

The MLS
California Los Angeles County Monrovia 91016

1960 Peck Rd, Monrovia, CA

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