$899,000
Accepting Backup Offers

425 E Walnut Avenue

Monrovia, CA 91016
0.15 acres | #WS24220728
Listing OfficeLEE & ASSOC COMM R E SERV/PAS
Browse 26 photos
Type:Multi-Family
Structure:2 Family
Zone:Residential

Description

Welcome to 425 E Walnut Ave in Monrovia, CA. Built in 1910, this Craftsman-style property comprises a 2-bedroom, 1.5-bathroom main house with an additional office that can serve as a third bedroom, plus a detached 1-bedroom, 1-bathroom back unit, offering significant versatility for investors or owner-occupants. The main house and the back unit total approximately 1,355 rentable square feet on a parcel of ±6,539 square feet zoned RM3000/PUD. Both units feature washer and dryer hookups, and the property offers ample driveway parking for residents. The detached back unit also includes a private fenced yard, perfect for rental income or guest accommodations. The current rental income is as follows: 2B1.5B Front House: $2175, 1B1B back unit: $1500.
Located in a desirable Monrovia neighborhood, just 3.5 blocks from the vibrant downtown area, this property is ideally situated with convenient access to the 210 and 605 Freeways, making commuting easy. The property is close to Monrovia’s charming restaurants, local bars, and plenty of shopping options, adding to the desirability for renters. The location is also near popular recreational sites like the Monrovia Canyon Park, the Santa Anita Racetrack, and the Westfield Santa Anita Shopping Mall, which contribute to the rising demand for rentals in this neighborhood.

  • Property Details
      • Property TypeMulti-Family
      • InteriorCeilingFans
      • Sewer InformationPublicSewer
      • CountyLos Angeles
      • MLS #WS24220728
      • MLS #WS24220728
      • Original List Price$899,000
      • Acres0.1502
      • Utility SourcePublic
      • Cost899000
      • Property SubtypeDuplex
      • Year Built1910
      • Stories1

Location

Lucy & ArmenReal Estate Group
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years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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