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425 E Walnut Ave
For Sale $899,000
$899,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 6,541 Sq Ft
Description
Back on the market! Owner is conducting approximately $40,000 worth of upgrades since we last fell out of escrow: full re-wire of front house, new sewer line system and cleanout replacements for both units, foundation reinforcement work and other small fixes.
The property will be delivered with tenants in place. Both tenants are on month-to-month leases. The current rental income is as follows: 2B1.5B Front House: $2175, 1B1B back unit: $1500.
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.
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $899,000 |
| Property Type | Duplex (2-units) |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1910 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 8517015018 |
| MLS # | WS24220728 |
| Property ID | 291676052 |
| Lot Sqft | 6,541 |
| Zoning | MORM* |
| Total Units | 2 |
| Days on Market | 422 |
| Original List Price | $899,000 |
| Applicances | 6 Burner Stove,Dryer,Washer% |
| Date Updated | March 05, 2025 |
| Date Created | October 22, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $3,675 | $0 |
| Net Income (Yr) | $ 27,370 |
| Cap Rate | 3.04% |
Listing Provided By
CHRISTOPHER JOHNSON an agent of . Lic #01934154
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of March 05, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
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