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725 W Lemon Avenue, Monrovia, CA 91016
8
beds
8
baths
4419
ft2
· 14546
ft2 lot
$2,098,000
$475 / ft2
Listing provided courtesy of Sylvia Luong, IRN Realty.
Source CRMLS.
MUST SEE TO APPRECIATE! Large lot 14,546 sq. ft. Four unit income property with pride of ownership. All units have 2 bedrooms, 2 baths, Laundry hook up in the unit and Central AC and heating. All three rear units built in 1987 have private rear yards and nice landscaping. One garage and one assigned parking is available for each unit. Single house in the front was built in 1947 and mostly remodeled in 2015. Most units have been recently remodeled with modern amenities. The property is located in a nice and quiet neighborhood near schools and shopping. Easy access and well maintained landscaping. PLEASE DO NOT WALK ON PROPERTY-TENANTS DO NOT KNOW THE PROPERTY IS FOR SALE.
HOA
$0/month
On market
2 months
Year built
1987
Property type
Multi-Family
Parking
8
MLS
AR21037036
Price / Sq.Ft.
$475 / ft2
Status
Active Under Contract
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Gas Dryer Hookup, Washer Hookup
•   
Appliances: Dishwasher, Gas Range, Microwave, Range Hood, Water Heater
•   
Has Appliances
•   
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
•   
Room Information: All Bedrooms Down, All Bedrooms Up
Heating & Cooling
•   
Has Heating
•   
Heating Details: Central
•   
Cooling Details: Central Air
Flooring
•   
Flooring: Carpet, Laminate, Tile, Vinyl
Interior Size
•   
Building Area Total: 4419.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Concrete, Garage Faces Side
•   
Garage Spaces: 4.00
•   
Uncovered Spaces: 4.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: MORM*
•   
Roof: Composition
•   
Foundation Details: Slab
•   
Num Stories: One, Two
•   
Year Built Source: Assessor
•   
Construction Materials: Stucco, Wood Siding
Lot Info
•   
Lot Features: 2-5 Units/Acre, Lot 10000-19999 Sqft
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.3339
•   
Lot Size Area: 14546.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 4
Property Features
•   
Fencing: Brick, Wood
•   
Property Condition: Updated/Remodeled
•   
Common Walls: 2+ Common Walls
•   
Exterior Features: Rain Gutters
Property Type
•   
Architectural Style: Contemporary, Ranch
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 5
•   
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
•   
Number Of Separate Gas Meters: 4
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Assesments Information
•   
Assessments: Buyer to Verify
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 2760.00
•   
Laundry Income: 0.00
•   
Total Actual Rent: 8750.00
•   
Trash Expense: 2844.00
•   
New Taxes Expense: 0.00
•   
Insurance Expense: 2947.00
•   
Total Expenses: 11671.00
•   
Gross Scheduled Income: 105000.00
•   
Operating Expense: 0.00
•   
Gardener Expense: 2760.00
Tax/Assessment Info
•   
Gross Income: 105000.00
•   
Tax Year: 2020
•   
Taxes: 26062.0
Lease Info
•   
Net Operating Income: 93329.00
Listing Info
•   
Status: Active Under Contract
Other
•   
Electric Expense: 360.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 2200.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 1.00
•   
Unit 3 Bathrooms: 2
•   
Unit 3 Total Rent: 2200.00
Unit 2 Information
•   
Unit 2 Actual Rent: 2125.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 2
•   
Unit 2 Garage Spaces: 1.00
•   
Unit 2 Total Rent: 2125.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 1.00
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 2300.00
•   
Unit 1 Total Rent: 2300.00
Unit 4 Information
•   
Unit 4 Actual Rent: 2125.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 2125.00
•   
Unit 4 Bathrooms: 2
•   
Unit 4 Garage Spaces: 1.00
•   
Unit 4 Bedrooms: 2
Multi Unit Information
•   
# Of Units: 4
•   
Number With Patio: 1
•   
Number With Dishwasher: 4
•   
Number Of Units Leased: 4
•   
Number With Carpet: 3
•   
Number With Disposal: 4
•   
Number With Range: 4
School Neighborhood & Directions
Location
•   
Community Features: Street Lights
School Info
•   
Directions: North of Colorado Blvd, West of Mayflower Ave
Other
Calculation
•   
Dom: 55
•   
Cdom: 55
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 20, 2021 1:31pm
Neighborhood snapshot
54
Properties for sale
11
Median days on market
$495.70
Median sold price/sqft
101.14%
Sold/List %
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Property History
03/30/2021
03/30/2021
CRMLS #AR21037036
active
CRMLS #AR21037036
$2,098,000
--2.42%
02/24/2021
02/24/2021
CRMLS #AR21037036
active
CRMLS #AR21037036
$2,150,000
+13.16%
10/30/2017
10/30/2017
Public Record
sold
Public Record
$1,900,000
+239.89%
11/27/1990
11/27/1990
Public Record
sold
Public Record
$559,000
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