ABOUT THE ASSET

SUMMARY

PROPERTY DESCRIPTION

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Absolute Turn-Key Asset in Prime Monrovia. Non rent control, completely rehabbed in 2018

Bridge Investment Group and Coldwell Banker Commercial are pleased to announce the opportunity to acquire an 11-unit apartment building in the city of Monrovia. This garden-style walk-up building was originally constructed in 1962, but has undergone a complete rehab in 2018 featuring: stainless steel appliances, remodeled bathrooms, quartz tops in kitchens and bathrooms, wood-style plank flooring, in-unit stacked washer and dryer, crown molding and recessed lighting to name a few. Unit mix on this non-rent-controlled property is comprised of ten – 2 bedroom / 1 bathroom units and one – 3 bedroom / 1.75 bathroom unit. The building has a flat, rolled composition shingle roof and concrete slab foundation. Units are individually metered for gas & electric and have individual water heaters. There are 15 total detached carport spaces: 7 single carport spaces; 4 tandem carport spaces.

PRICE

PRICE/UNIT

PRICE/SF

GRM

CAP

UNITS

YEAR BUILT

GROSS SF

LOT SF

APN

$3,950,000

$359,091

$407.38

13.52

4.88%

11

1962

9,696

17,599

8505-029-014