321 West Duarte Road

Monrovia, CA 91016

$2,150,000
Last Sold Price
10
Beds
6
Baths
4,121 Sq. Ft.
$522 / Sq. Ft.
4,121
Sq. Ft.
$522
per Sq. Ft.

Description

We are pleased to present the opportunity to acquire 321 West Duarte Road, a six-unit pride-of-ownership multifamily building in the city of Monrovia, a core market in the San Gabriel Valley. The property was built in 1926/1958 and offers a strong unit mix. It is comprised of four separate buildings: one two-story duplex with two one-bedroom/one-bathroom units (one of which offers a den), and four single-story two-bedroom/one-bathroom units (one of which offers a patio). The property offers eight...We are pleased to present the opportunity to acquire 321 West Duarte Road, a six-unit pride-of-ownership multifamily building in the city of Monrovia, a core market in the San Gabriel Valley. The property was built in 1926/1958 and offers a strong unit mix. It is comprised of four separate buildings: one two-story duplex with two one-bedroom/one-bathroom units (one of which offers a den), and four single-story two-bedroom/one-bathroom units (one of which offers a patio). The property offers eight surface/carport parking spots and five one car garages for a total of 13 parking spots. Select units offer direct access to garages. No soft-story retrofit is required, which saves a new investor thousands in capital expenditures. Each unit has ductless mini-split air conditioning units, is individually metered for gas and electricity, and has separate water heaters. The property also offers on-site laundry. The property sits on a large 13,577 square foot lot that may offer a new investor the potential to build accessory dwelling units(ADUs). This is the Buyers responsibility to investigate.
  1. Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 321 West Duarte Road

Zoning
MORH*
Parcel Number
8507004031
Total Units
6.0
Living Area
4121
Source Living Area
Assessor
Area
Monrovia (639)
Vacancy Rate
None
Lot Size Area
13577

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343

Sold By CA REAL ESTATE AND FINANCE INC, Ying Jiang, DRE #01870076

Add your commute
LISTING UPDATED: 08/04/2021 11:08 AM

Property Details for 321 West Duarte Road

StatusSold
MLS #21-734044
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.31 AC / 13,577 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343

Sold By CA REAL ESTATE AND FINANCE INC, Ying Jiang, DRE #01870076

Add your commute

Building Information for 321 West Duarte Road

Stories2Residences-Year Built1926Building Size-Lot Size0.31 AC / 13,577 SF

Payment Calculator

$14,272 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,733

Property Taxes

$2,539

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 321 West Duarte Road

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 4
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $120,288
  • Net Operating Income: $69,696.00
  • Gross Income: $123,240
  • Cap Rate: 3.20%
  • Gross Rent Multiplier: $17.65
  • Total Annual Expense: 50592
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3117
  • Lot Size Square Feet: 13577
Parking Details
Parking Details
  • Parking Garage: Uncovered, Garage
  • Total Parking: 13
  • Parking Features: Uncovered, Garage
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-19-2021
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,895.00
  • Unit Actual Rent: $1,895.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,350.00
  • Unit Actual Rent: $1,350.00
  • Unit Projected Rent: $1,725.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,550.00
  • Unit Actual Rent: $1,550.00
  • Unit Projected Rent: $1,775.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,725.00
  • Unit Actual Rent: $1,725.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,875.00
  • Unit Actual Rent: $1,875.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,875.00
  • Unit Actual Rent: $1,875.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,187,280.00
  • Assessed Improvement Percent: 60.0
  • Assessed Land Value: $791,520.00
  • Assessed Land Percent: 40
  • Assessed Total Value: $1,978,800.00

Property History for 321 West Duarte Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 321 West Duarte Road

Taxable ValueLand$877,200Additions$1,315,800Total$2,193,000
Tax Record2023$30,469 ($2,539 / month)
Home Facts
Total Finished SqFt4,121 SqFtAbove Grade Finished SqFt4,121 SqFtLot Size13,577 SqFtStyleMulti-Family Res (5+ Units)Year Built1926ZoningMORH*CountyLOS ANGELESAPN8507-004-031

Schools near 321 West Duarte Road

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
Wild Rose 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343

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.