Request Offering Memorandum

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911 Monterey Avenue

Monrovia, CA. 91016

MONTEREY APARTMENTS 

82 Walk Score - Very Walkable

Call us! 626.204.3300

ABOUT THE ASSET

PROPERTY DESCRIPTION

The Monterey Apartments are located at 911 Monterey Avenue in Monrovia. This meticulously maintained, 28-unit building consists of (9) 1 Bed/1 Bath units, (18) 2 Bed/1 Bath units and (1) 4 Bed/1.5 Bath Townhouse unit. This quiet, low density property sits on 36,746 sq. ft. of land and has 24,518 sq.ft. of rentable sq.
ft. This gated community has 33 carport parking spaces, 2 shared laundry rooms and a community pool. Each unit is individually metered for gas & electricity. Located on the Arcadia/Monrovia border, tenants can walk to either city and enjoy the many amenities. With a Walk Score or 82 (Very Walkable) Monterey
Apartments are ideally situated to attract a wide demographic of tenants. Old Town Monrovia, the city\'s central hub and home to a variety of shops and dining, the subject property is located on a quiet, low-density street in Monrovia. The Metro Gold line has a stop in both Monrovia and Arcadia and each is located about 1 mile away connecting travelers from Downtown Los Angeles to Azusa. Downtown Arcadia\'s shops, dining and nightlight are about a 20 minute walk to the West while Old Town Monrovia a 20 minute walk to the East. The growing city's appeal has also spurred several new development projects in the area that
are currently under construction.

SUMMARY
PRICE
PRICE/UNIT
PRICE/SF
GRM
CAP
UNITS
YEAR BUILT
GROSS SF
LOT SF
APN
$8,700,000
$310,714
$354.84
17.19
3.05%
28
1963
24,518
36,746
8506-033-002

82 Walk Score - Very Walkable

© 2016 Bridge Investment Group of KW Commercial

251 S. Lake Avenue, Suite 320

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