161 N Mayflower Avenue

    Monrovia, CA 91016
    • $2,590,000
    • STATUS: Active
    • ON SITE: 137 days
    • ID#: AR18178462
    UPDATED: 61 min ago
    $2,590,000
    • 0
      BEDS
    • 0.4
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,305
      SQFT
    • $488
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1890
    County:

    School Ratings & Info

    Description

    Own a piece of Monrovia History. 1st time on the market and an ultra-rare opportunity to own six units in North Monrovia! The famous M. Bushnell House was originally constructed in 1889 and features 2,353 Sq Ft, 4 bedrooms, 3 baths, Batchelder fireplace in the living room, an open and bright floorplan, lots of original door and window hardware, central heat and air, large exterior porches, an unfinished attic with 1,000 Sq Ft of usable space, a basement with over 1,300 Sq Ft of finished floor area, 2 car detached garage with lots of extra driveway parking and an automatic sliding gate. All located North of Foothill Blvd and in the award-winning Mayflower School District. The 5 rental units all have their own private entrances that are separate from the main house along with a court yard area, private yards, lot of carport parking and more. In total there is over 5,300 sq ft of living space on over 17,000 Sq Ft lot. This property also has the potential for Mills Act historical landmarking which offers the property owner substantial tax savings. Investor specs: 4% CAP rate, 17X factor for GRM, and $12,000 of monthly gross income potential.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-16T21:26:51.247. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.impactca.com/homes/86124656

    161 N Mayflower Avenue Monrovia, CA 91016

    • Price: $2,590,000
    • Status: Active
    • Updated: 61 min ago
    • ID#: AR18178462
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.4
    Acres
    5,305
    SQFT
    $488
    $/SQFT
    1890
    Built
    Neighborhood:
    639 - Monrovia
    County:
    Los Angeles
    Area:
    639 - Monrovia
    Property Description
    Own a piece of Monrovia History. 1st time on the market and an ultra-rare opportunity to own six units in North Monrovia! The famous M. Bushnell House was originally constructed in 1889 and features 2,353 Sq Ft, 4 bedrooms, 3 baths, Batchelder fireplace in the living room, an open and bright floorplan, lots of original door and window hardware, central heat and air, large exterior porches, an unfinished attic with 1,000 Sq Ft of usable space, a basement with over 1,300 Sq Ft of finished floor area, 2 car detached garage with lots of extra driveway parking and an automatic sliding gate. All located North of Foothill Blvd and in the award-winning Mayflower School District. The 5 rental units all have their own private entrances that are separate from the main house along with a court yard area, private yards, lot of carport parking and more. In total there is over 5,300 sq ft of living space on over 17,000 Sq Ft lot. This property also has the potential for Mills Act historical landmarking which offers the property owner substantial tax savings. Investor specs: 4% CAP rate, 17X factor for GRM, and $12,000 of monthly gross income potential.
    Exterior Features

    Carport Spaces 4.00 Garage Spaces 2.00 Lot Features Corners EstablishedGardenLawnLot 10000-19999 Sqft Lot Size Dimensions 95 X 182 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 11.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 576 Average1 Bed Area Units Square Feet Average2 Bed Area 792 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Central Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Heating Central Furnace Heating YN Yes Laundry Features Individual RoomInside

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.00 Community Features CurbsFoothillsSidewalksStorm DrainsStreet LightingSuburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 2520.00 Gross Income 83520.00 Gross Multiplier 17.00 Gross Scheduled Income 83520.00 Insurance Expense 7887.00 Land Lease YN No Laundry YN Yes Licenses Expense 425.00 Maintenance Expense 15592.00 Net Operating Income 79344.00 New Construction YN No New Taxes Expense 15625.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 5 Number Wall AC 5 Number With Dishwasher 1 Number With Range 6 Number With Refrigerator 1 Operating Expense 4176.00 Operating Expense Percent 5.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 6960.00 Total Expenses 46847.00 Trash Expense 2229.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 2569.00 Water Source Public Year Built Source Assessor Zoning Morm*

    Listing provided courtesy of Micah Adams of Century 21 Adams & Barnes.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-16T21:26:51.247. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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