Seller's Agent in 2020
Kevin Hurley
Keller Williams Realty/Pasadena
(310) 872-7176
1 in this area
19 Total Sales
911 Monterey Ave Monrovia, CA 91016
7
Beds
4
Baths
24,518
Sq Ft
0.84
Acres
Highlights
- 0.84 Acre Lot
- Community Pool
- Level Lot
- Monrovia High School Rated A
- Laundry Room
About This Home
As of November 2020The Monterey Apartments are located at 911 Monterey Avenue in Monrovia. This meticulously maintained, 28-unit building consists of (9) 1 Bed/1 Bath units, (18) 2 Bed/1 Bath units and (1) 4 Bed/1.5 Bath Townhouse unit. This quiet, low-density property sits on 36,746 sq. ft. of land and has 24,518 sq.ft. of rentable sq. ft. This gated community has 33 carport parking spaces, 2 shared laundry rooms and a community pool. Each unit is individually metered for gas & electricity. Located on the Arcadia/Monrovia border, tenants can walk to either city and enjoy the many amenities. With a Walk Score or 82 (Very Walkable) Monterey Apartments are ideally situated to attract a wide demographic of tenants. Old Town Monrovia, the city's central hub and home to a variety of shops and dining, the subject property is located on a quiet, low-density street in Monrovia. The Metro Gold line has a stop in both Monrovia and Arcadia and each is located about 1 mile away connecting travelers from Downtown Los Angeles to Azusa. Downtown Arcadia's shops, dining and nightlight are about a 20 minute walk to the West while Old Town Monrovia a 20 minute walk to the East. The growing city's appeal has also spurred several new development projects in the area that are currently under construction.
Last Agent to Sell the Property
Keller Williams Realty/Pasadena License #01237798 Listed on: 09/03/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 0.84 Acre Lot
- Two or More Common Walls
- Level Lot
Home Design
- 24,518 Sq Ft Home
- Apartment
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Legal Lot and Block 4 / 85
- Assessor Parcel Number 8506033002
Community Details
Recreation
- Community Pool
Building Details
- Rent Control
- 30 Separate Electric Meters
- 30 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,589
- Fuel Expense $7,417
- Gardener Expense $4,238
- Insurance Expense $7,873
- Maintenance Expense $30,362
- Other Expense $12,714
- Pool Expense $3,200
- Professional Management Expense $23,126
- Trash Expense $12,153
- Water Sewer Expense $14,030
- New Taxes Expense $107,598
- Operating Expense $225,300
- Gross Income $600
- Net Operating Income $265,559
Additional Features
- 28 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/10/2020 11/10/20 | Sold | $8,040,000 | -7.6% | $328 / Sq Ft |
| 09/23/2020 09/23/20 | Pending | -- | -- | -- |
| 09/03/2020 09/03/20 | For Sale | $8,700,000 | -- | $355 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Kevin Hurley
-
Kevin Lutz
Seller Co-Listing Agent in 2020
Kevin Lutz
Keller Williams Realty/Pasadena
(626) 429-0685
1 in this area
22 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS20182961
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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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