725 W Duarte Road
Monrovia, CA 91016
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1973 build
- – on site
Proforma CAP Rate 7.5% in a NO Local Rent Control Area - First Time for Sale Since 1988! CASA DE MONARC - 725 W Duarte Rd, a 17-unit (16 + 1 non-conforming) apartment in the City of Monrovia, California. This is the first time this property has been offered for sale since 1988. Located on Duarte Rd right at the border of City of Arcadia, minutes away from Old Town Monrovia, and adjacent to recently completed new townhomes development, this 1973’s-built apartment presents a rare opportunity for investors to acquire an excellent asset with good bones in an excellent location in West San Gabriel Valley submarket. Priced competitively and without any local rent control ordinance, this value-add opportunity is a rare find for value-add investors who are looking to add value through asset repositioning. CASA DE MONARC was built in 1973, has a total of 15,280 SF building size and sits on a large ±21,750SF lot. It is strategically located only 2 blocks from the City of Arcadia and minutes away from Old Town Monrovia and Santa Anita Mall Arcadia, offering immense amenities both City of Monrovia and Arcadia have to offer. It offers a superb demographics of ±$121,527 average household income within a mile radius and adjacent to a recently completed high-end townhomes development. It offers an excellent unit mix of eleven (11) x 2bed+1.5bath Townhouse Style, two (2) x 2bed+1bath, three (3) x 1bed+1bath, and one (1) x Studio non-conforming units. The units are all electric (no gas) and each unit is individually metered for electricity. Each unit (except the Studio NC unit) has a central HVAC (most have been updated) and has a large and spacious layout (average unit size ±898SF/unit – buyer to verify). Most of the units have a private backyard or balcony. Some units have updated windows. Most of the units have not been upgraded and present an excellent Value-add opportunity. Parking is provided by a total of 21 parking spaces with 8 carports (back), 4 open spaces (back), 6 tuck-under (back), and 3 carports (front) parking. There is no soft-story requirement in Monrovia. Each unit is individually metered for electricity (no gas). The building is serviced by a master water heater and shared laundry room (laundry lease).
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Last updated Jun 6, 2024
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MLS# AR24101847 —
The Building
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Year Built:1973
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Year Built Source:Assessor
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New Construction:No
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Roof:Flat
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Entry Level:1
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Common Walls:2+ Common Walls
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Faces:South
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Building Area Total:15280.00
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Building Area Units:Square Feet
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# of Buildings:2
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Total Number Of Units:17
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Stories Total:2
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# of Separate Gas Meters:1
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# of Separate Water Meters:1
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# of Separate Electric Meters:17
Interior
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Levels:Two
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Entry Location:1
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Flooring:Laminate, Wood
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Number Wall AC:17
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Fireplace:No
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Fireplace:None
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Laundry:Common Area, Community
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Laundry:1
Location
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Directions:east of Santa Anita Ave, 2 blocks east of 5th St in Arcadia
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Property Condition:Repairs Cosmetic
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Zoning:MORH*
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Lot Features:Lot 20000-39999 Sqft, Rectangular Lot, Level, Near Public Transit
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Lot Size Area:21750.0000
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Lot Size Acres:0.4993
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Lot Size SqFt:21750.00
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Lot Size Source:Assessor
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View:1
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View:Mountain(s)
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Security Features:Resident Manager
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Road Frontage:City Street
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Road Surface Type:Paved
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:22
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Tax Census Tract:4309.02
The Listing
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Buyer's Brokerage Compensation:2.000%
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Special Listing Conditions:Standard
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Buyer's Brokerage Compensation:$2
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Parcel Number:8507015020
Heating & Cooling
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Heating:1
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Heating:Central, Wall Furnace
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Cooling:Yes
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Cooling:Central Air, Wall/Window Unit(s)
Utilities
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Utilities:Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Electric:Standard
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Water Source:Public
Appliances
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Appliances:Electric Range
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Included:Yes
The Community
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Senior Community:No
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Neighborhood:Arcadia adjacent
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Features:Valley
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Pool:None
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Private Pool:No
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Spa Features:None
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Association:No
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Assessments:Yes
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Assessments:Buyer to Verify
Parking
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Parking:Yes
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Parking:Assigned, Carport
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Parking Spaces:21.00
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Carport Spaces:21.00
Extra Units
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Number With Disposal:17
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/31/24
May 31, 2024
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Pending | CRMLS_CA | $5,200,000 | |
5/20/24
May 20, 2024
|
Listed / Active | CRMLS_CA | $5,200,000 |