511 East Walnut Avenue

Monrovia, CA 91016

$1,135,000
Last Sold Price
4
Beds
3
Baths
1,794 Sq. Ft.
$633 / Sq. Ft.
1,794
Sq. Ft.
$633
per Sq. Ft.

Description

Rare sought after triplex located in the heart of Monrovia. This property has 3 detached homes situated on a large approx. 13,205 sq.ft. lot. It is unusual to find a double lot of that size in Monrovia with zoning for 4 units so it’s possible to add another unit. The front house has 2 bedrooms, 1 bath, a spacious living room with excellent natural light, cute kitchen and large laundry room. The 2 other homes share laundry hookup. The second home has 2 bedrooms and 1 bath. The third home has 1 bedroom...Rare sought after triplex located in the heart of Monrovia. This property has 3 detached homes situated on a large approx. 13,205 sq.ft. lot. It is unusual to find a double lot of that size in Monrovia with zoning for 4 units so it’s possible to add another unit. The front house has 2 bedrooms, 1 bath, a spacious living room with excellent natural light, cute kitchen and large laundry room. The 2 other homes share laundry hookup. The second home has 2 bedrooms and 1 bath. The third home has 1 bedroom and 1 bath. The 3 carports at the back of the property have a separate gated entry to Gladys Avenue. The houses are on separate gas and electric meters for each unit and pay their own utilities, thus low maintenance. Owner lives in one unit so you can maximize the rent. Property is conveniently located close to grocery stores, restaurants, Old Town Monrovia, Metro and a short drive to the 210 and 605 freeways. This triplex is primed for any savvy investor to build an additional unit on the property. Please check with the city regarding requirements. Buyers to do their due diligence.
  1. Listed by Stephen Biskup • DRE #01854478 • Brokerage DRE #00899496 • Sotheby's International Realty

Property Details for 511 East Walnut Avenue

View
City Lights, Mountain(s)
Parking Spaces Total
3
Private Pool
No
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1794
Assessor Parcel Number
8517-015-026

Location

Listing Courtesy of Sotheby's International Realty, Stephen Biskup, DRE #01854478

Sold By Sotheby's International Realty, Stephen Biskup, DRE #01854478

Add your commute
LISTING UPDATED: 04/16/2020 05:19 AM

Property Details for 511 East Walnut Avenue

StatusClosed
MLS #PF20038844
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential
Year Built1949
Lot Size0.30 AC / 13,208 SF
CountyLos Angeles County

Location

Listing Courtesy of Sotheby's International Realty, Stephen Biskup, DRE #01854478

Sold By Sotheby's International Realty, Stephen Biskup, DRE #01854478

Add your commute

Building Information for 511 East Walnut Avenue

Stories1Residences-Year Built1949Building Size-Lot Size0.30 AC / 13,208 SF

Payment Calculator

$7,121 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,194

Property Taxes

$927

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 511 East Walnut Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $27,600
  • Gross Scheduled Income: $27,600
  • Net Operating Income: $23,434
  • Financing: Cash
Expense Details
  • Operating Expense: $3,851
  • New Taxes Expense: $1,599
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,629
  • Professional Management Expense: $0
  • Trash Expense: $267
  • Water Sewer Expense: $356
  • Total Expenses: $3,851
Tax / Assessment Info
  • Tax Block: 17
  • Tax Tract Number: 17
  • Tax Census Tract: 4311.00
  • Tax Lot: 13
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs, Sidewalks, Urban
Property / Structure Info
Interior Features
  • Appliances: Gas Oven, Gas Cooktop
  • Equipment: Gas Or Electric Dryer Hookup, Inside, Washer
  • Room Type: Living Room
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 5
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Washer Hookup, Washer Included
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Evaporative Cooling
  • Heating: Wall Furnace
  • Flooring: Carpet
Exterior Features
  • Structure Type: Triplex
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Back Yard, Front Yard, Lot 10000-19999 Sqft
  • Lease Considered: No
  • Number Of Units: 3
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Meter on Property
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
  • Attached Garage: No
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,300
  • Unit Type Total Rent: $15,600
  • Unit Type Pro Forma: 28800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,000
  • Unit Type Total Rent: $12,000
  • Unit Type Pro Forma: 26400
  • 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: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 21600
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 511 East Walnut Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 511 East Walnut Avenue

Taxable ValueLand$460,000Additions$370,000Total$830,000
Tax Record2023$11,122 ($927 / month)
Home Facts
Beds3Total Finished SqFt1,347 SqFtAbove Grade Finished SqFt1,347 SqFtLot Size13,208 SqFtStylePlanned Unit DevelopmentYear Built2022ZoningMORM*CountyLOS ANGELESAPN8517-015-027

Schools near 511 East 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
Wild Rose Elementary School
PublicK to 5

Clifton Middle School
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

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Similar Sold Homes

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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 Sotheby's International Realty, Stephen Biskup, DRE #01854478

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.