$1,735,000
$1,795,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
1221 S Magnolia AVE Monrovia, CA 91016
4,110 SqFt
Key Details
Sold Price $1,735,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,110 sqft
Price per Sqft $422
MLS Listing ID 21777940
Sold Date 09/15/21
Construction Status UpdatedRemodeled
HOA Y/N No
Year Built 1953
Lot Size 0.480 Acres
Acres 0.48
Property Description
Rare Monrovia 4plex located on a huge 21,262 square foot flag lot. Property located 2 minutes to Downtown Monrovia. Property consists of a main 4+3 VACANT Single Family Home with a private pool and backyard, a separate 2br 1bath house, and a duplex with two 1br 1 bath units. The main 4+3 house was built in the 1980's. The home was constructed as 2 units but is currently operating as a SFR with laundry hookups and 2 fireplaces and 2 kitchens. May be a good ADU candidate to create 2 units or do a complete remodel and have a large 2100 square foot home with a private backyard, 2 fireplaces, Central Heat/Air, and a private pool and patio. Monrovia does not have local Rent Control but property is subject to AB1482 which currently allows approximately 8% rent annual increases. Property has 6 covered carport spaces plus a 2 car garage. Units have laundry hookups.
Location
State CA
County Los Angeles
Area 639 - Monrovia
Zoning MOP/QP*
Rooms
Ensuite Laundry LaundryCloset, Outside
Interior
Laundry Location LaundryCloset,Outside
Heating Central, WallFurnace
Flooring Carpet
Fireplace No
Appliance Disposal, GasOven
Laundry LaundryCloset, Outside
Exterior
Garage Assigned, DetachedCarport, SideBySide
Garage Spaces 8.0
Garage Description 8.0
Pool InGround
View Y/N No
View None
Roof Type Composition,Shingle
Parking Type Assigned, DetachedCarport, SideBySide
Total Parking Spaces 8
Private Pool No
Building
Story 1
Foundation Raised
Sewer SewerTapPaid
Architectural Style Contemporary
Construction Status UpdatedRemodeled
Others
Senior Community No
Tax ID 8508003022
Financing Cash
Special Listing Condition Standard
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Bought with Rick Cheng • Coldwell Banker Realty