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131 May Avenue, Monrovia, CA 91016
5
beds
6
baths
4283
ft2
· 9353
ft2 lot
$1,485,000
$347 / ft2
Listing provided courtesy of Filip Niculete, Marcus & Millichap.
Source CRMLS.
We are pleased to present this significant price reduction for these 5 units located at 131 May Avenue in Monrovia, California. The offering sits on 9,352 square feet of land with 4,283 square feet of building area and consists of 2 - studio/one bath, 1 one bed/one bath plus den, 1 - two bed/one bath, and 1 - two bed/two bath cottage. The subject property is truly one-of-a-kind as it was one of the few mansions built on May Avenue during the 1930's and includes a maid's cottage at the rear of the property. Previously a legal 4 units with a non-conforming cottage, the cottage has been grandfathered in, making the property a legal 5 units. With a Walk Score of 82. the offering is well located proximate to schools (Clifton Middle School, Tzu Chi Great Love and Tzu Chi Great Love Elementary School), grocery stores: Rigo's Deli Mini Market, Smart & Final and ALDI, coffee shops: The Coffee Bean and Tea Leaf, Starbucks and Opera, restaurants: Los Victors Mexican Food, Sakura Sushi House and Baja Mar Fish Tacos. 131 May Ave is near Library Park, Grand Avenue Park and Recreation Park.
HOA
$—/month
On market
2 months
Year built
1935
Property type
Multi-Family
Parking
MLS
20663584
Price / Sq.Ft.
$347 / ft2
Status
Active
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Flyhomes Cash Offer
Based on a price of $1,485,000
Rebate:
Cash Offer Costs:
Net Rebate:
Negotiating Power:
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$7,425
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$7,425
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Discount Brokerage
$5,589
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$5,589
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Legal Disclaimer: The Savings Calculator is intended for planning and educational purposes only, and should not be solely relied upon in your decision to participate in Flyhomes’ Cash Offer or other programs.Read more
Property Details
Interior Features & Layout
Interior Size
•   
Building Area Total: 4283.00
Property, Lot, Community & Exterior Features
Building Info
•   
Zoning: MORM-RH*
•   
Stories Total: 1
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 5
Lot Info
•   
Lot Size Acres: 0.2100
•   
Lot Size Area: 9353.0000
•   
Lot Size Units: Square Feet
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 96161.00
•   
Total Actual Rent: 99156.00
•   
Total Expenses: 36685.00
•   
Gross Multiplier: 14.98
Tax/Assessment Info
•   
Gross Income: 96161.00
•   
Tax Year: 2019
•   
Taxes: 4845.0
Lease Info
•   
Net Operating Income: 59496.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1838.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1938.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1075.00
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 1075.00
Unit 4 Information
•   
Unit 4 Actual Rent: 2100.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 2100.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Bedrooms: 2
Unit 5 Information
•   
Unit 5 Actual Rent: 2200.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 2200.00
•   
Unit 5 Bathrooms: 2
•   
Unit 5 Bedrooms: 2
Multi Unit Information
•   
# Of Units: 13
•   
Price Per Unit: 307000
Unit 1 Information
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1050.00
•   
Unit 1 Total Rent: 1050.00
School Neighborhood & Directions
School Info
•   
Directions: Corner of May & Foothill
Other
Calculation
•   
Dom: 112
•   
Cdom: 476
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 22, 2021 9:58pm
Neighborhood snapshot
52
Properties for sale
11
Median days on market
$495.86
Median sold price/sqft
101.41%
Sold/List %
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walk score® :
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bike score® :
Property History
04/16/2021
04/16/2021
CRMLS #CV21079881
active
CRMLS #CV21079881
$1,415,000
--4.71%
02/25/2021
02/25/2021
CRMLS #20663584
active
CRMLS #20663584
$1,485,000
02/10/2021
02/10/2021
CRMLS #20663584
pending
CRMLS #20663584
$1,485,000
01/20/2021
01/20/2021
CRMLS #20663584
active
CRMLS #20663584
$1,485,000
--3.26%
11/24/2020
11/24/2020
CRMLS #20663584
active
CRMLS #20663584
$1,535,000
--3.15%
See more property history
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