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Sherry Ramos

sherry.ramos@engelvoelkers.com +1(818) 429-2793

$ 3,500,000

Est. payment -/mo

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1719 Encino AVE Monrovia, CA 91016

5,712 SqFt

UPDATED:

10/29/2024 04:57 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 5,712 sqft

Price per Sqft $612

MLS Listing ID CV24181257

HOA Y/N No

Year Built 1963

Lot Size 0.408 Acres

Property Description

Step into a prime investment opportunity with this rare 6-plex multifamily property in the highly desirable Santa Anita tract of Monrovia, CA. Perfect for 1031 exchanges or first-time investors, this exceptional property at 1719 Encino Ave offers six well-maintained units, each with 2 bedrooms, 1 bathroom, and one individual garage per unit. The expansive 17,775 sq ft lot includes extra parking and larger yards for the two detached back units, providing one additional parking space for each of the two back units. Each unit has washer/dryer hookups, and a dishwasher and stove are provided. Recent upgrades include new dual-pane windows, a repaved driveway, newer wall A/C units in all units, upgraded service panels in all six units, and new wood fencing that enhances the property's curb appeal along with landscape lighting. Nestled on a quiet cul-de-sac near the Monrovia train station, the 210 freeway, parks, shopping, and dining, this property is situated in a rapidly growing market with rising property values, ensuring strong rental demand and excellent potential for capital appreciation. Don’t miss the chance to secure this rare, income-generating property in one of Monrovia’s most sought-after neighborhoods.

Location

State CA

County Los Angeles

Area 639 - Monrovia

Zoning MORPD*

Rooms

Ensuite Laundry In Kitchen, Stacked

Interior

Interior Features All Bedrooms Down, Bedroom on Main Level

Laundry Location In Kitchen,Stacked

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Inclusions Dishwashers, stoves & Wall A/C units

Fireplace No

Laundry In Kitchen, Stacked

Exterior

Garage Assigned

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Curbs, Foothills, Hiking, Suburban

Utilities Available Cable Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Composition

Parking Type Assigned

Total Parking Spaces 12

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 8507019053

Security Features Smoke Detector(s)

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Trust

Listed by Ann Blanco • SOUTHLAND PROPERTIES • 626-201-2225

Sherry Ramos

Advisor | License ID: 01271018

+1(818) 429-2793

Sherry Ramos

1719 Encino AVE Monrovia, CA 91016

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1719 Encino AVE