Genoa Garden Apartments 912-916 Genoa St

10 Unit Apartment Building $3,650,000 ($365,000/Unit) 4.60% Cap Rate Monrovia, CA 91016

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.

ATTACHMENTS

Genoa Marketing FInal

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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

PROPERTY TAXES

ZONING

Zoning Code CG, Monrovia
  • Listing ID: 33994514

  • Date on Market: 11/25/2024

  • Last Updated:

  • Address: 912-916 Genoa St, Monrovia, CA 91016