425 East Walnut Avenue

Monrovia, CA 91016

$899,000
Price
3
Beds
3
Baths
1,355 Sq. Ft.
$663 / Sq. Ft.
1,355
Sq. Ft.
$663
per Sq. Ft.

Description

Welcome to 425 E Walnut Ave in Monrovia, CA. Built in 1910, this Craftsman-style property comprises a 2-bedroom, 1.5-bathroom main house with an additional office that can serve as a third bedroom, plus a detached 1-bedroom, 1-bathroom back unit, offering significant versatility for investors or owner-occupants. The main house and the back unit total approximately 1,355 rentable square feet on a parcel of ±6,539 square feet zoned RM3000/PUD. Both units feature washer and dryer hookups, and the property...Welcome to 425 E Walnut Ave in Monrovia, CA. Built in 1910, this Craftsman-style property comprises a 2-bedroom, 1.5-bathroom main house with an additional office that can serve as a third bedroom, plus a detached 1-bedroom, 1-bathroom back unit, offering significant versatility for investors or owner-occupants. The main house and the back unit total approximately 1,355 rentable square feet on a parcel of ±6,539 square feet zoned RM3000/PUD. Both units feature washer and dryer hookups, and the property offers ample driveway parking for residents. The detached back unit also includes a private fenced yard, perfect for rental income or guest accommodations. The current rental income is as follows: 2B1.5B Front House: $2175, 1B1B back unit: $1500. Located in a desirable Monrovia neighborhood, just 3.5 blocks from the vibrant downtown area, this property is ideally situated with convenient access to the 210 and 605 Freeways, making commuting easy. The property is close to Monrovia’s charming restaurants, local bars, and plenty of shopping options, adding to the desirability for renters. The location is also near popular recreational sites like the Monrovia Canyon Park, the Santa Anita Racetrack, and the Westfield Santa Anita Shopping Mall, which contribute to the rising demand for rentals in this neighborhood.
  1. Listed by CHRISTOPHER JOHNSON • DRE #01934154 • Brokerage DRE #01934154 • LEE & ASSOC COMM R E SERV/PAS • pas_admin@lee-associates.com

Property Details for 425 East Walnut Avenue

Architectural Style
Craftsman
Parking Spaces Total
3
Private Pool
No
Cooling Type
Wall/Window
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1355
LISTING UPDATED: 11/26/2024 05:25 AM

Property Details for 425 East Walnut Avenue

StatusActive
MLS #WS24220728
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1910
Lot Size0.15 AC / 6,541 SF
CountyLos Angeles County

Building Information for 425 East Walnut Avenue

Stories1Residences-Year Built1910Building Size-Lot Size0.15 AC / 6,541 SF

Property Information for 425 East Walnut Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $44,100
  • Gross Scheduled Income: $44,100
  • Net Operating Income: $27,370
  • Gross Multiplier: 20.39
  • Cap Rate: 3.04
Expense Details
  • Operating Expense: $16,730
  • New Taxes Expense: $12,137
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,033
  • Maintenance Expense: $800
  • Trash Expense: $0
  • Water Sewer Expense: $1,761
  • Total Expenses: $16,730
Tax / Assessment Info
  • Tax Block: 17
  • Tax Tract Number: 0
  • Tax Census Tract: 4311.00
  • CFD/Mello-Roos Fee: $721
  • Tax Lot: 18
Community / Development
Community / Development
  • Community Features: Biking, Foothills, Hiking, Horse Trails, Mountainous
  • Complex Features: Horse Trails
Property / Structure Info
Interior Features
  • Appliances: 6 Burner Stove
  • Equipment: Dryer, Dryer Included, Gas Dryer Hookup, Outside, Washer, Washer Hookup, Washer Included
  • Interior Features: Ceiling Fan(s)
  • Room Type: Basement
  • Laundry: Yes
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Outside, Washer Hookup, Washer Included
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: front door
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • Other Structures: Shed(s), Storage
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 6500-9999
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,175
  • Unit Type Total Rent: $2,175
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $1,500
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 425 East Walnut Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 425 East Walnut Avenue

Taxable ValueLand$30,228Additions$45,910Total$76,138
Tax Record2024$1,706 ($142 / month)
Home Facts
Total Finished SqFt1,355 SqFtAbove Grade Finished SqFt1,355 SqFtLot Size6,549 SqFtStyleDuplexYear Built1910ZoningMORM*CountyLOS ANGELESAPN8517-015-018

Schools near 425 East Walnut Avenue

This home is within Monrovia Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Wild Rose Elementary School
PublicK to 5

Clifton Middle School
Public6 to 8

Monrovia High School
Public9 to 12

Mountain Park School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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425 East Walnut Avenue is a multi-family home for sale in Monrovia, CA 91016. This property was listed for sale on October 22, 2024 by LEE & ASSOC COMM R E SERV/PAS, it's currently listed at $899,000. This listing's school district is Monrovia Unified School District. Nearby schools include Wild Rose Elementary School, Clifton Middle School and Monrovia High School. 425 East Walnut Avenue is a 3-bed, 3-bath, 1,355 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LEE & ASSOC COMM R E SERV/PAS, CHRISTOPHER JOHNSON, DRE #01934154

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.