2 Units - Monrovia: Property For Sale

Properties For Sale 2 Units - Monrovia

2 Units - Monrovia

432 Los Angeles Ave., Monrovia 91016

DRIVE-BY ONLY. Do not disturb tenants. Tenants do not know the property is for sale. Interior inspection with accepted offer.

Offered at:
$875,000

Property Description

First time on the market in over 65 years! This duplex is a great opportunity for the family that would like to live in one property and have an investment property to rent/lease out. This duplex has a 4 bedroom with master. 2 bathrooms. Large bedrooms, central air and heating. Front house offers 2 bedrooms 1 bath home with washer and dryer hook ups. Very nice property that is awaiting the perfect buyer within the beautiful city of Monrovia!

LIVING IN MONROVIA

Monrovia is a medium-sized city located in the state of California. With a population of 36,715 people and eight constituent neighborhoods, Monrovia is the 216th largest community in California.

Housing costs in Monrovia are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in California.

Unlike some cities, Monrovia isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Monrovia are a mix of both white- and blue-collar jobs. Overall, Monrovia is a city of professionals, sales and office workers, and service providers. There are especially a lot of people living in Monrovia who work in office and administrative support (12.82%), management occupations (11.60%), and sales jobs (9.72%).

Of important note, Monrovia is also a city of artists. Monrovia has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Monrovia’s character.

Also of interest is that Monrovia has more people living here who work in computers and math than 95% of the places in the US.

One downside of living in Monrovia is that it can take a long time to commute to work. In Monrovia, the average commute to work is 31.69 minutes, which is quite a bit higher than the national average.

The education level of Monrovia citizens is very high relative to the national average among all cities (21.84%): 36.45% of adults in Monrovia have a bachelor's degree or even advanced degree.

The per capita income in Monrovia in 2010 was $37,260, which is upper middle income relative to California, and wealthy relative to the rest of the US. This equates to an annual income of $149,040 for a family of four. However, Monrovia contains both very wealthy and poor people as well.

Income

One 2-Bedroom 1-Bath $1,575
One 4-Bedroom 2-Bath $2,300
Monthly Total $3,875

Cash Flow Analysis

Gross Scheduled Income $46,500
Operating Expenses $12,787 (27.5%)
Net Operating Income $33,713

Acquisition Data

Down Payment $306,350 (35%)
Loan Amount $568,750 (65%)

Call or E Mail to request a Marketing Package and 10 Year Financial Analysis of this property. Marketing Package includes Complete Property Information, Sales and Rent Comparable Analysis. 10 Year Financial Analysis includes Complete Cash Flow Analysis, Itemized Expenses, Expected Cash Flow, Return on Initial Equity, Expected Gross Income Increase, Tax Benefits, Mortgage Principal Reduction, Expected Appreciation, Depreciation Analysis, Adjusted Cost Basis, Capital Gains Tax On Sale and more.

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