240 West Walnut Avenue

Monrovia, CA 91016

$1,625,000
Last Sold Price
6
Beds
8
Baths
3,700 Sq. Ft.
$439 / Sq. Ft.
3,700
Sq. Ft.
$439
per Sq. Ft.

Description

This is a Must See Investment Property....... This investment property has been owner occupied by the owners for over 20 years. The owners treated this well designed and landscaped property as their home and installed some of the best material as they design each of the four units. This two(2) unit 2.25 bathroom townhouse units are in superb condition. The townhouse bedroom units each were completed with on suite and custom cabinetry, recessed light, central HVAC units. Both bedrooms have new carpeting,...This is a Must See Investment Property....... This investment property has been owner occupied by the owners for over 20 years. The owners treated this well designed and landscaped property as their home and installed some of the best material as they design each of the four units. This two(2) unit 2.25 bathroom townhouse units are in superb condition. The townhouse bedroom units each were completed with on suite and custom cabinetry, recessed light, central HVAC units. Both bedrooms have new carpeting, ceiling fans and walk-in closets. The kitchens are completed with beautiful hickory kitchen cabinets and custom installed granite, the bathrooms are adorned with natural stones and tile counter tops and tile showers, each guest bathroom downstairs is finished with Kolher fixtures and marble vanity tops and custom cabinets. The two, one bedroom, one bath units have also been recently remodeled as well with custom kitchens and baths with tile and carpet flooring. The landscaping is very peaceful and very relaxing, the property is totally secure with security rod iron gates, blocks and partial fencing. Rents in these units are low compared to market rents. As stated before this is a must see property either as a owner occupied or as an investment property.
  1. Listed by MARCIA HINES • DRE #01774959 • Brokerage DRE #01180679 • MARKETPLACE REALTY

Property Details for 240 West Walnut Avenue

Architectural Style
Custom Built
View
None, Mountain(s)
Parking Spaces Total
7
Private Pool
No
Cooling Type
Central Forced Air, Wall/Window
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor

Location

Listing Courtesy of MARKETPLACE REALTY, MARCIA HINES, DRE #01774959

Sold By A & K Construction And Realty Inc, ANNIE WONG, DRE #01413581

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LISTING UPDATED: 04/07/2021 11:00 AM

Property Details for 240 West Walnut Avenue

StatusClosed
MLS #CV20236517
Days on Market107
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.18 AC / 8,014 SF
CountyLos Angeles County

Location

Listing Courtesy of MARKETPLACE REALTY, MARCIA HINES, DRE #01774959

Sold By A & K Construction And Realty Inc, ANNIE WONG, DRE #01413581

Add your commute

Building Information for 240 West Walnut Avenue

Stories-Residences-Year Built1957Building Size-Lot Size0.18 AC / 8,014 SF

Payment Calculator

$8,868 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,868

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 240 West Walnut Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $86,000
  • Gross Scheduled Income: $86,400
  • Vacancy Allowance Rate: 2
  • Gross Operating Income: $86,400
  • Net Operating Income: $52,625
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $2,500
  • Current Financing: Conventional
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $33,775
  • New Taxes Expense: $5,275
  • Gardener Expense: $125
  • Cable TV Expense: $0
  • Fuel Expense: $0
  • Licenses Expense: $125
  • Electric Expense: $625
  • Insurance Expense: $246
  • Trash Expense: $985
  • Water Sewer Expense: $2,490
  • Total Expenses: $13,876
Tax / Assessment Info
  • Tax Block: V
  • Tax Tract Number: 4311
  • Tax Lot: 10
Community / Development
Community / Development
  • Accessibility Features: Parking, See Remarks
  • Disability Access: Other Main Level Modifications
  • Assessments YN: No
  • Assessments: None
  • Community Features: Biking, Foothills, Golf, Hiking, Park, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Self Cleaning Oven, Dishwasher, Free-Standing Range, Microwave, Range Hood, Water Heater Central, Water Heater
  • Equipment: Dishwasher, Dryer, Gas Dryer Hookup, Microwave, Washer
  • Interior Features: Attic Fan, Block Walls, Ceiling Fan(s), Unfurnished
  • Room Type: Kitchen, Master Suite, Walk-In Closet
  • Bedroom Features: Master Suite, WalkInCloset
  • Water Heater Features: Central Water Heater
  • Laundry: Yes
  • Laundry Features: Common Area, Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air, Wall/Window Unit(s), SEER Rated 13-15
  • Heating Type: Natural Gas
  • Heat Source: Natural Gas
  • Heating: Central, Wall Furnace, Natural Gas
  • Flooring: Carpet, Tile
Exterior Features
  • Door Features: Insulated Doors, Mirror Closet Door(s), Sliding Doors
  • Window Features: Blinds, Plantation Shutters
  • Security Features: Smoke Detector(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Exterior Features: Lighting, Rain Gutters, Satellite Dish
  • Roof: Composition
  • Fence: Yes
  • Fence: Chain Link, Partial, Wrought Iron
  • Fencing: Block, Chain Link, Fair Condition, Partial, Security, Wrought Iron
  • Foundation Details: Slab
  • Property Condition: Turnkey
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Lawn, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Secluded, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer, Yard
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Sewer: Public Sewer
  • Electric: Electricity - On Property, Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 7
  • Parking: Yes
  • Parking Garage: Driveway - Brick, Driveway - Combination, Garage, Public
  • Parking Garage Spaces: 7
  • Carport Spaces: 0
  • Parking Features: Driveway - Brick, Driveway - Combination, Garage, Garage Faces Front, Garage Faces Rear, Public
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,250
  • Unit Type Total Rent: $2,250
  • Unit Type Pro Forma: 2450
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2450
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,300
  • Unit Type Total Rent: $1,300
  • Unit Type Pro Forma: 1550
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,175
  • Unit Type Total Rent: $1,175
  • Unit Type Pro Forma: 1550
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 2
  • Number With Range: 4
  • Number With Carpet: 3
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number Wall AC: 2

Schools near 240 West Walnut Avenue

This home is within Monrovia Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Monroe Elementary School
PublicK to 5

Santa Fe Computer Science Magnet
Public6 to 8

Monrovia High School
Public9 to 12

Canyon Oaks High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of MARKETPLACE REALTY, MARCIA HINES, DRE #01774959

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.