Request Offering Memorandum

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203 S Madison Avenue

Monrovia, CA 91016

Call us! 626.204.3300

ABOUT THE ASSET

SUMMARY
PROPERTY DESCRIPTION

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

Absolute Turn-Key Asset in Prime Monrovia

© 2016 Bridge Investment Group of KW Commercial

251 S. Lake Avenue, Suite 320

Pasadena, CA 91101

DRE #01444805