1213 S California Avenue, Monrovia, CA 91016
List Price: $2M
Listing Status: Active
0Days on Market: 4
6 Bedrooms · 7 Bathrooms · 3,000 sq ft
Property Type: ResidentialIncome
Year Built: 1950
Lot Size: 11,446 sq ft
Garage Spaces: 2
Private Pool: Yes
MLS Number: 26850445
About This Property
Rare investment opportunity in Monrovia. This fully renovated property at 1213 S California Ave offers a strong income-producing setup with a main house of approximately 2,000+ sq ft plus a newly built ADU of approximately 1,000 sq ft on a large 11,445 sq ft lot. The property has been extensively upgraded, including new roof, new stucco, new flooring, renovated kitchen, updated finishes, and a brand-new ADU. A spacious roof terrace adds additional usable outdoor space and lifestyle value. Most importantly for investors, the property is currently leased for $13,000 per month, with a lease already in place for the next several years, creating immediate cash flow from day one. This is an excellent opportunity for buyers looking for stable income, upgraded condition, low initial maintenance, and long-term investment potential in a desirable Monrovia location. A turnkey income property with strong rental performance, multiple living structures, and a large lot a rare combination for today's market.
Listing provided by: Nikolai Medvedev DRE #02163830 310-829-0629 NikolaiMedvedev@bhhscal.com, Berkshire Hathaway HomeServices California Properties
Source: CRMLS, MLS #: 26850445
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