NOT LISTED FOR SALE

245 W Cherry Ave Monrovia, CA 91016

Monrovia Area

Estimated Value: $989,368

4 Beds
2 Baths
1,612 Sq Ft
$614/Sq Ft Est. Value

Sale Details

Date Sold: November 27, 2024

Last sale price $922,000 $572 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,437 / mo

18 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Back and Front Yard
  • Monrovia High School Rated A
  • Wall Furnace
  • 1-Story Property

About This Home

As of November 2024

Multiple offers. Best & Final offers must be submitted no later than 5 pm on October 25th. Trust Sale, court confirmation NOT required. Don't miss this well priced and beautifully maintained duplex located in the heart of Monrovia. Unit 245 consists of 2 bedrooms and 1 bath. An individual laundry room is located off the kitchen. Has own rear yard. Unit 247 has also 2 bedrooms, 1 bath and a laundry room off the kitchen. Besides its own rear yard there is also a side patio and additional storage unit. Sold AS IS. Also for sale by the trust is a 4 plex at 834 W. Walnut, $1,299,000.

Last Agent to Sell the Property

Sue Bernstein

Rodeo Realty Brokerage Phone: 818 613-2468 License #01068367 Listed on: 10/11/2024

Rodeo Realty
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 8,629 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,612 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Wall Furnace
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 7824
  • Assessor Parcel Number 8508001056
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $6,547
  • Trash Expense $3,060
  • Water Sewer Expense $2,459
  • Operating Expense $15,946
  • Gross Income $40,584
  • Net Operating Income $24,638

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

8,629 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 2459.00
  • Zoning: MORH*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 8508001056
  • Year Built: 1952
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 571.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Unknown
  • Trash Expense: 3060.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 8629.00
  • Lot Size Acres: 0.1981

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 40584.00
  • Gross Scheduled Income: 40584.00
  • Insurance Expense: 6547.00
  • Lot Size Area: 8629.0000 Square Feet
  • Net Operating Income: 24638.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 15946.00
  • Rent Control: Yes
  • Total Expenses: 15946.00

Tax Info

  • Tax Census Tract: 4311.00
  • Tax Lot: 1
  • Tax Tract Number: 7824

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/27/2024 11/27/24 Sold $922,000 +2.6% $572 / Sq Ft
10/29/2024 10/29/24 Pending -- -- --
10/11/2024 10/11/24 For Sale $899,000 -- $558 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24210688

California Regional Multiple Listing Service (CRMLS)

APN: 8508-001-056

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