863 W Olive Ave, Monrovia, CA 91016 | For Sale

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For Sale $2,098,000

$2,098,000
  • (0)
  • Unknown Bedrooms
  • Unknown Bathrooms
  • Unknown Sq Ft
  • 8,356 Sq Ft

Description

Exceptional Investment Opportunity in Prime North Monrovia. Built & remodeled in 2012-2013, this impressive Triplex with 8 bedrooms/7 bathrooms is ideally situated N. of Huntington Dr & S. of Foothill Blvd., w/ convenient proximity to Arcadia & easy access to freeways, shopping areas & restaurants.The front single-level detached home originally built in 1946, underwent a complete renovation during 2012-2013, including the addition of a newly constructed two-car attached garage in 2013. The charming home offers open floor plan, two spacious bedrooms, a full bath, a generously sized kitchen with built-in appliances, granite countertops, and a breakfast bar. Additional highlights include a private yard, direct access to the spacious two-car attached garage, and a designated laundry area and newer A/C system Rear of the property, behind the main house are two attached, two-story townhomes, each about 1268 Sq ft, constructed around 2012-2013. Each unit features a private gated entry, a secluded approx. 475 Sq. ft back yard and covered patio, and a two-car attached garage, and a laundry closet on 2nd floor. These townhomes offer three spacious bedrooms, including primary bedroom with high ceilings, 2.5 bathrooms, and modern kitchens equipped with built-in appliances, granite countertops, and central air conditioning.All units are currently occupied. The common areas and driveways are well-maintained, and each unit has its own separate utility meters. Tax record indicates year built 1947, total square footage 3640 Sq ft. Builder's record is 3355 Sq ft. Buyers to conduct their own due diligence/ inspections and investigation about the square footage, measurements of each unit, year built and effective date, zoning, lot size, suitability, easements, income/expense, general condition, and all other aspects of the property and verify all the information and satisfy themselves. Front house fireplace is non-functional/faux. Drive By only. Please do not enter or walk on the premises. offers subject to inspection.

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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

Income

Rental Units


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Expenses

Property Details

List Price $2,098,000
Property Type Triplex (3-units)
Usable Sqft Unknown
Number of Stories 0 stories
Parking Spots 6 spots
Year Built 2013
Last Sold Unknown
Sold Price Unknown
HOA Fees: $0
Association Name: Unknown
Association Amenities: Unknown
APN # 8506024009
MLS # P120422
Property ID 321173804
Lot Sqft 8,356
Zoning MORH
Total Units 3
Days on Market 333
Original List Price $2,098,000
Applicances Built-In Range,Dishwasher,Refrigerator,Water Heater%
Date Updated March 08, 2025
Date Created January 12, 2025
Unit # Beds Baths Current Rent Proforma Rent
Unit #1 $120,000 $0
Net Income (Yr) $ 52,227
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Listing Provided By

Noushine Rostamian an agent of . Lic #01066426


© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of March 08, 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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