Monrovia, CA 91016,323 E Lime AVE
Monrovia, CA 91016,323 E Lime AVE
Monrovia, CA 91016,323 E Lime AVE
Monrovia, CA 91016,323 E Lime AVE
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$3,400,000

$3,500,000

2.9%
Est.Price: ?

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Est. payment /mo

0.82 Acres Lot


SOLD DATE : 05/19/2021

Key Details

Sold Price $3,400,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID DW21048769

Sold Date 05/19/21

HOA Y/N No

Year Built 1959

Lot Size 0.820 Acres

Acres 0.82

Property Description

We are pleased to exclusively present this investment portfolio property in the historical city of Monrovia. A total of three parcels of prime land within a well established and mature community. A 10 unit portfolio offering with over 20% upside rent potential. All 2 bed units some featuring private garden and/or patios and separate 2 car garage. Nine separate buildings the newest built in 1990, all units are individually metered for gas and electricity.
Monrovia is located 20 miles northeast of Los Angeles at the base of the San Gabriel Mountains,
Monrovia is part of the San Gabriel Valley, just eight miles east of the city of Pasadena between the cities of Sierra Madre and Bradbury.
This growing city of nearly 40,000 residents distinguishes itself from other communities with its dynamic small-town charm and collection of high-tech industry. A world of amenities is available here: everything from world-class cultural facilities to glorious recreational outlets to top-rated education and healthcare is available right at residents fingertips.
Monrovia is ideally positioned to continue its trend for controlled growth. The City’s vibrant economy fosters enhanced job creation while a commitment to revitalization and development ensures that Monrovia maintains its attractive neighborhoods.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning MORM*

Rooms

Ensuite Laundry Gas Dryer Hookup, Inside, In Garage

Interior

Laundry Location Gas Dryer Hookup,Inside,In Garage

Heating Central

Fireplace No

Laundry Gas Dryer Hookup, Inside, In Garage

Exterior

Garage Assigned

Garage Spaces 16.0

Garage Description 16.0

Pool None

Community Features Suburban

Parking Type Assigned

Total Parking Spaces 32

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story One

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 8516010008

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Edwin Mariscal • Edwin Mariscal, Broker
Bought with Edwin Mariscal • Edwin Mariscal, Broker
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