Sold
123 -129 S ENCINITAS Avenue
Monrovia CA, 91016
$6,450,000
$507.08 per sqft
Sold
26 Beds
24 Baths
12,720 sqft
Residential
Built in 1990
Listed by Priscilla Nee with CB Richard Ellis, Inc.
PLEASE DO NOT WALK THE PROPERTY OR DISTURB RESIDENTS | 4% Cap Rate* | Constructed in 1990 to high end condo-like specs, 123-129 S Encinitas Avenue is a two-story, 12-unit multifamily property on a 22,109 square foot lot with a total building size of 12,720 square feet. The turn-key trophy asset has been immaculately maintained and offers amenities on par with newer luxury residential units. Units offer private two-car garages with EV charging stations to support 240 volts/50 amps and have been extensively renovated. The property is separately metered for gas and electric, offers an on-site laundry facility with two sets of washers and dryers (all units have in-unit laundry) as well as guest parking. 123-129 S Encinitas Avenue boasts an excellent unit mix of 10 two-bedroom/two-bathroom units and 2 three-bedroom/two-bathroom units. The bright and spacious units are approximately 1,160 square feet each and offer central air & heat, individual water heaters, a fireplace, a dishwasher, mirrored closet doors, and abundant storage space. All units have been extensively renovated to high-end, luxury designer standards. Renovations include in-unit laundry, completely new kitchens - shaker cabinets with quartz countertops, stainless steel undermount sinks, stone or tile backsplashes, upgraded stainless steel appliance packages (slide-in stoves, French door refrigerators, dishwashers, built-in microwaves), island range hoods, soft-close cabinets and under cabinet lighting, new fixtures and hardware, new bathrooms - floating custom vanities, new countertops, new bathtubs and/or walk-in showers with frameless shower doors, designer mirrors, hardware and fixtures, upgraded vinyl plank, tile, Berber carpet, and/or wood floor, smooth ceilings, recessed lighting, solid interior doors and jams, faux wood mini-blinds, new crown molding and baseboards, and updated electrical with outlets for clean TV placement. Select units have a balcony. 4% Cap Rate* with Eligible 10% Increases after COE
22171113
MLSⓇ ID
July 5, 2022
Listed
March 23, 2024
Updated
Map
123 -129 S ENCINITAS Avenue
Monrovia CA, 91016
Interior Features
Total Stories
2
Bedrooms
26 Beds
Bathrooms
24 Baths
Appliances
Microwave, Refrigerator, Range Hood, Dryer, Washer
Floor Description
Carpet, Tile
Fireplace
Yes
Fireplace Description
Living Room
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Fireplace(s)
Exterior/Building Features
Lot Size
0.51 Acres
Roof
Other
Other Property Details
Area Name
639 - Monrovia
Days on Market
38
Garage
Yes
Garage Spaces
13
Parking
Door-Multi, Door-Single, Garage, Uncovered
Parking Total
29
View
No
County
Los Angeles
Pool
No
Pool Features
None
Zoning
MORH*
Buyer Agency Compensation
2%
Listing Contact:
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:45 AM UTC