826 S Mayflower Avenue, Monrovia, CA 91016
Property
Sold July 2025
Listing Agent: Alexander Metaxas (DRE #01784652) · Listing Office: Realty Investment Advisors, Inc. · Bought with: SERGE MAALOUF · MGR REAL ESTATE, INC. · MLS #25507137 · Source: CRMLS
About this property
Fantastic opportunity to purchase a well maintained Monrovia apartment property that provides consistent and predictable rental income. 7 Units with 2 non-conforming units. Situated on a corner, the double lots combined are about 12,921 SF in total. With a variety of unit types, these apartments appeal to variety of renters. The building consists of two 3 Bed + 1 bath units; one 3 Bed + 2 bath unit; two 1 Bed + 1 bath units and 4 Studio + 1 bath units. There are a total of 8 gas and 8 electric meters, so the landlord pays the gas and electricity for the two legal, non-conforming units, which are 1 Bed units. On-site parking include covered carport and open spaces accommodates for a total of 12 vehicles. Much of the plumbing has been updated with copper, the electrical breakers have been updated and a complete NEW roof about 5 years ago. Five units have individual water heaters and the four studio units are supplied by one central water heater with gas paid for by the landlord. There is a former laundry room that can be made active again for on-site laundry and additional income. PLEASE DO NOT GO ONTO THE PROPERTY, TALK TO OR DISTURB THE TENANTS. DRIVE-BY ONLY. Broker/Agents make no guarantees or warranties regarding property unit count. Buyer to independently verify unit count accuracy.
Listing description from the July 2025 sale, as reported to CRMLS.
Sale history