Skip To Content

    117 S S Ivy Avenue

    Monrovia, CA 91016
    • $2,900,000
    • STATUS: Closed
    • ON SITE: 64 days
    • ID#: P1-5795
    Sold - 09/15/2021
    $2,900,000
    SOLD - 09/15/2021
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1961
    County:

    School Ratings & Info

    Description

    Fabulous Opportunity to acquire 8 pristine units in the Heart of Monrovia. This was built in 1961 on an 11,169 sq ft. lot. The building is a total of 6,620 sq. feet. With a common area courtyard in the middle. 7 apartments are spacious 2 bed 1 bath units and 1 is a 1 bed 1 bath. They have all been upgraded and are light and bright with solid surface counters, white or maple cabinets, newer lighting and fans, closet organizers and tile or high grade wood laminate flooring. White 2'vinyl blinds are set in every window and all kitchens are fitted with a Dishwasher, Stove, Microwave and Refrigerator. Each unit has 1 covered parking spot and there is an onsite laundry room with two coin operated washers and dryers. 5 units have central heat and 3 apartments have wall unit AC and Heaters. A New Central hot water heater was installed in December 2020 and the building is outfitted with copper plumbing. Each unit is separately metered for gas and electric. New Exterior L.E.D. Lighting has been installed at each unit entry and each side of the main walkway. This building is located 1-2 blocks from the Post office, grocery store, coffee shops, gym, police station, downtown Monrovia, Clifton middle school, banking, library, parks, city hall and much more. This building is a solid money maker with rare vacancy. All tenants are current.

    Sold by Luther Tsinoglou of Deasy Penner Podley.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-23T00:28:01.247. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
    www.sellinglasouthbay.com/homes/119488809
    Print Image

    117 S S Ivy Avenue Monrovia, CA 91016

    • Price: $2,900,000
    • Status: Closed
    • ID#: P1-5795
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1961
    Built
    Neighborhood:
    639 - Monrovia
    County:
    Other County
    Area:
    639 - Monrovia
    Property Description
    Fabulous Opportunity to acquire 8 pristine units in the Heart of Monrovia. This was built in 1961 on an 11,169 sq ft. lot. The building is a total of 6,620 sq. feet. With a common area courtyard in the middle. 7 apartments are spacious 2 bed 1 bath units and 1 is a 1 bed 1 bath. They have all been upgraded and are light and bright with solid surface counters, white or maple cabinets, newer lighting and fans, closet organizers and tile or high grade wood laminate flooring. White 2'vinyl blinds are set in every window and all kitchens are fitted with a Dishwasher, Stove, Microwave and Refrigerator. Each unit has 1 covered parking spot and there is an onsite laundry room with two coin operated washers and dryers. 5 units have central heat and 3 apartments have wall unit AC and Heaters. A New Central hot water heater was installed in December 2020 and the building is outfitted with copper plumbing. Each unit is separately metered for gas and electric. New Exterior L.E.D. Lighting has been installed at each unit entry and each side of the main walkway. This building is located 1-2 blocks from the Post office, grocery store, coffee shops, gym, police station, downtown Monrovia, Clifton middle school, banking, library, parks, city hall and much more. This building is a solid money maker with rare vacancy. All tenants are current.
    Exterior Features

    Carport Spaces 8 Carport YN Yes Lot Features 0-1 Unit/Acre Parking Total 8 Sign On Property YN No

    Property Features

    Additional Parcels YN No Buyer Financing Cash To Loan Common Interest Community Apartment Gross Scheduled Income 180900 Listing Agreement Exclusive Right To Sell Net Operating Income 118290 Property Sub Type Multi Family Special Listing Conditions Standard Structure Type Multi Family Vacancy Allowance 2000 Vacancy Allowance Rate 1 Water Source Public

    Listing provided courtesy of Deena Willis of Re/Max Top Producers


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-23T00:28:01.247. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365818962-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365818962-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365818962-1.jpg
    Logo
    Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay
    23670 Hawthorne Blvd. #100
    Torrance CA, 90505