Monrovia, CA 91016 826 S Mayflower Avenue

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Presented By: Alexander Metaxas with Realty Investment Advisors, Inc.;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25507137
  • 03/26/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 15
  • Baths • 10
  • SQFT • 5,676
  • Garage • 1

Home Details

Fantastic opportunity to purchase a well maintained Monrovia apartment property that provides consistent and predictable rental income. PLEASE NOTE: The property consists of 7 units plus 2 legal, non-conforming units for a total of 9 rental units (Buyer to verify). 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.
Presented By: Alexander Metaxas with Realty Investment Advisors, Inc.;

Interior Features for 826 S Mayflower Avenue

Bedrooms

Total Bedrooms15

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths10

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories2

General for 826 S Mayflower Avenue

Additional Parcels Y/NYes
Attached Garage No
Buyer FinancingCash
Cap Rate4.64
Carport Y/NYes
CityMonrovia
CountyLos Angeles
DirectionsNE corner of S. Mayflower Ave and W. Chester Ave.
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income182700.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet12921.0
Lot Size UnitsSquareFeet
MLS Area639 - Monrovia
MobileHomeRemainsYNNo
Net Operating Income115645.0
New ConstructionNo
Number Of Units Total9
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Waterfront Y/NNo
Year Built1955
Year Built SourceAssessor
ZoningMORM*

Exterior for 826 S Mayflower Avenue

Building Area Total5676.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions42x155
Lot Size Acres0.2966
Lot Size Area12921.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesDetachedCarport
Private PoolNo
SpaNo
Total Parking12.0

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $2,490,000
MLS#25507137
List Date 03/26/2025
Property Type Multi-Family
Phone 714.742.6515
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