Genoa Garden Apartments 912-916 Genoa St
10 Unit Apartment Building $3,650,000 ($365,000/Unit) 4.60% Cap Rate Monrovia, CA 91016
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EXECUTIVE SUMMARY
Well maintained 10 unit garden style apartments. All units are two bedroom/one bath. Located in a convenient location surrounded by mostly single family homes and adjacent to shopping center on Duarte Rd. Some units have fireplaces, hard surface floors and north-facing mountain views. On-site coin operated laundry facility. Adjacent to shopping and other services. There is near-by public transportation and property is approximately 1.25 miles from Monrovia Metro Goldline station.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Price | $3,650,000 |
Price Per Unit | $365,000 |
Sale Type | Investment |
Cap Rate | 4.60% |
Gross Rent Multiplier | 14.2 |
No. Units | 10 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.35 AC |
Building Size | 9,096 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built | 1958 |
Parking Ratio | 1.1/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Fireplace
- Ceiling Fans
- Hardwood Floors
- Carpet
SITE AMENITIES
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
2+1 | 10 | - | 900 |
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PROPERTY TAXES
Parcel Number | 8507-020-025 | Improvements Assessment | $2,016,295 |
Land Assessment | $1,379,570 | Total Assessment | $3,395,865 |
ZONING
Zoning Code | CG, Monrovia |