$8,700,000 911 Monterey Avenue Monrovia, CA

MLS: WS20182961   Type: Income   County: Los Angeles   City: Monrovia   Zip: 91016  

Mortgage $40,845 /mo



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The Monterey Apartments are located at 911 Monterey Avenue in Monrovia. This meticulously maintained, 28-unit building consists of (9) 1 Bed/1 Bath units, (18) 2 Bed/1 Bath units and (1) 4 Bed/1.5 Bath Townhouse unit. This quiet, low-density property sits on 36,746 sq. ft. of land and has 24,518 sq.ft. of rentable sq. ft. This gated community has 33 carport parking spaces, 2 shared laundry rooms and a community pool. Each unit is individually metered for gas & electricity. Located on the Arcadia/Monrovia border, tenants can walk to either city and enjoy the many amenities. With a Walk Score or 82 (Very Walkable) Monterey Apartments are ideally situated to attract a wide demographic of tenants. Old Town Monrovia, the city's central hub and home to a variety of shops and dining, the subject property is located on a quiet, low-density street in Monrovia. The Metro Gold line has a stop in both Monrovia and Arcadia and each is located about 1 mile away connecting travelers from Downtown Los Angeles to Azusa. Downtown Arcadia's shops, dining and nightlight are about a 20 minute walk to the West while Old Town Monrovia a 20 minute walk to the East. The growing city's appeal has also spurred several new development projects in the area that are currently under construction.

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Price History

9/3/2020 Listed $8,700,000

Attached Structure Attached
Co-Listing Agent Last Name KEVIN
Co-Listing Agent Last Name LUTZ
Co-Listing Agent State License # 00925595
Co-listing Agent KEVIN LUTZ - BRE#00925595
Community Features Curbs
Directions W Chestnut Avenue & Monterey Avenue
Garage Spaces 0.00
Listagentaor West San Gabriel Valley
Listing Agent KEVIN HURLEY - BRE#01237798
Listing Agent State License 01237798
MLS Area 639 - Monrovia
Pool Features Community
Price Per Square Foot 354.84
Private Pool No
Property Attached Y/N Yes
Senior Community Y/N No
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 28
Zoning MOPD*

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 2+ Common Walls
Laundry Features Common Area
Laundry Y/N Yes
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 24518.00
Land Lease Y/N No
Lot Features Level with Street
Lot Size Acres 0.8436
Lot Size Area 36746.0000
Lot Size Square Feet 36746.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 30
Number of Separate Gas Meters 30
Number of Separate Water Meters 1
Total Parking 0.00
Water Source Public

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Property vs Zip Code Avg (91016)

Price 8.70M Avg 2.08M

Sqr Feet 24,518 Avg 4,040

Cost / Sqr Ft $355 Avg $515

Acres 0.84 Avg 0.28

Visits 11 Avg 23

Days on Site 17 Avg 116

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Listing Provided Courtesy Of: KEVIN HURLEY with PASADENA MARKET CENTER.

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Location & Address

J Valen RE Team

Los Angeles, CA