406 S 5th AVE, Monrovia, CA 91016
406 S 5th AVE, Monrovia, CA 91016
406 S 5th AVE, Monrovia, CA 91016
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,500,000
Est. payment /mo
0.26 Acres Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26136583

Construction Status Turnkey

HOA Y/N No

Year Built 1948

Annual Tax Amount $24,830

Lot Size 0.260 Acres

Property Sub-Type Apartment

Property Description

Prime 6-Unit Investment Opportunity in Highly Desirable Location — NO CITY RENT CONTROL!

Welcome to an exceptional, turnkey multi-family investment property situated in a highly sought-after neighborhood just North of Colorado Blvd and South of Foothill Blvd. Impeccably maintained and boasting a phenomenal rental history with 100% occupancy ("always rented"), this complex offers a rare combination of immediate cash flow and hassle-free management.

The Unit Mix & Layout:

Four (4) 2-Bedroom / 1-Bathroom Units: Approximately 650 sq. ft. each. These highly desirable, single-story ground-level units are attached in the front of the complex. They feature private rear patios.

Two (2) 1-Bedroom / 1-Bathroom Units: Approximately 500 sq. ft. each. Quietly situated above the rear carport area.

Extensive Modern Upgrades:
Five of the six front units have undergone complete, high-end renovations designed to attract top-tier tenants. Upgrades in these units include:

Climate & Efficiency: Central heat and air for year-round comfort (one unit features a window AC), plus energy-efficient tankless water heaters.

Interior Finishes: Beautiful laminate flooring, recessed lighting, elegant crown molding, and modern ceiling fans.

Gourmet Kitchens: Upgraded with sleek quartz countertops and premium stainless steel appliances (including refrigerator, range, and microwave).

Luxury Baths: Thoughtfully remodeled featuring a shower-over-tub enclosed with a sleek glass door.

Property Amenities:

Parking: 6 covered carport spaces at the rear of the property (1 dedicated space per unit).

Laundry: Convenient on-site, coin-operated laundry room equipped with 1 washer and 1 dryer (additional income stream).

Location: Perfectly positioned close to premier shopping, vibrant dining options, and major thoroughfares.

This is a true pride-of-ownership property in a fantastic area. With no city rent control and units consistently in high demand, this is a golden opportunity to add a high-performing asset to your real estate portfolio.

PLEASE NOTE: DRIVE-BY ONLY. DO NOT DISTURB TENANTS UNDER ANY CIRCUMSTANCES.

Location

State CA

County Los Angeles

Area 639 - Monrovia

Interior

Interior Features Ceiling Fan(s), Quartz Counters, Utility Room

Heating Central, Wall Furnace

Cooling Central Air, Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Gas Range, Microwave, Tankless Water Heater

Laundry Common Area

Exterior

Parking Features Assigned, Carport

Carport Spaces 6

Fence Wood

Pool None

Community Features Biking, Curbs, Street Lights, Suburban, Sidewalks, Park

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

View Y/N Yes

View City Lights, Mountain(s)

Roof Type Composition

Total Parking Spaces 6

Private Pool No

Building

Lot Description Near Park, Near Public Transit

Story 2

Entry Level Two

Sewer Unknown

Water See Remarks

Level or Stories Two

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 8505032026

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional, Submit

Listing Terms Cash, Cash to New Loan, Conventional, Submit

Special Listing Condition Standard

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Listed by Julie Bencosme Century 21 Village Realty 626-202-8502, DRE #01305364

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