210 N Encinitas Avenue, Monrovia, California 91016, Monrovia, 91016 - 4 bed, 3 bath
ACTIVE$1,229,000
210 N Encinitas Avenue, Monrovia, California 91016
4Beds
3Baths
1,995Sqft
6,388Lot
Year Built
1930
Close
-
List price
$1.23M
Original List price
$1.23M
Price/Sqft
$616
HOA
-
Days on market
-
Sold On
-
MLS number
P1-21434
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.23M(71th), sqft - 1995(50th), beds - 4(57th), baths - 3(64th).
Embrace the potential of this charming Monrovia triplex! Nestled on a picturesque, tree-lined street among well-cared-for single-family homes, this property offers an exceptional income opportunity in a prime location. Just a short stroll to shops, restaurants, and public transit, it combines convenience with residential appeal.The vacant studio unit has been tastefully updated, ready for new occupants. The lower unit currently offers one bedroom, with the option to add a second. Don't miss out on this fantastic investment--schedule a tour today to see its full potential!
Condition Rating
Fair
Built in 1930, this triplex shows a mix of conditions. While one studio unit has been 'tastefully updated' with modern finishes, flooring, and appliances, images of other units reveal dated kitchens with older cabinets, appliances, and flooring. The property is aged, and while maintained, major components in some units are functional but outdated, requiring minor updates or repairs to bring them to current standards.
Pros & Cons
Pros
Multi-Unit Income Property: As a triplex, this property offers an exceptional income opportunity with diversified rental streams, appealing to investors.
Prime & Convenient Location: Nestled on a picturesque, tree-lined street, it boasts a prime location within Monrovia, a short stroll to shops, restaurants, and public transit, enhancing tenant desirability.
Updated Vacant Unit: The vacant studio unit has been tastefully updated, ready for new occupants, providing immediate rental income potential and reducing initial vacancy risk.
Value-Add Potential: The lower unit offers the option to add a second bedroom, presenting a clear opportunity to increase rental income and overall property value.
Charming Residential Appeal: Located among well-cared-for single-family homes, the property combines urban convenience with a desirable, charming residential setting.
Cons
Age of Property: Built in 1930, the property may require significant investment in maintenance, system upgrades (e.g., plumbing, electrical, HVAC), or renovations beyond the updated studio unit.
Unspecified Condition of Other Units: While the studio is updated, the condition of the other units is not detailed, suggesting potential for additional renovation costs to maximize their rental appeal and value.
No Notable View: The property description explicitly states 'None' for views, which might be a minor detractor for some potential tenants or future buyers seeking scenic outlooks.