210 N Encinitas Avenue, Monrovia, California 91016, Monrovia, 91016 - bed, bath
ACTIVE$1,229,000
210 N Encinitas Avenue, Monrovia, California 91016
0Bed
0Bath
Sqft
6,388Lot
Year Built
1930
Close
-
List price
$1.23M
Original List price
$1.23M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
P1-21526
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.23M(71th), sqft - 0(7th), beds - undefined(50th), baths - undefined(50th).
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 presents a mixed condition. While the vacant studio unit has been 'tastefully updated' with modern laminate flooring, white shaker-style cabinets, and clean finishes, other units clearly show significant age. One kitchen, in particular (Image 9), features very outdated white appliances, old cabinets, dark tiled countertops, and dated flooring and light fixtures. The property is maintained externally, but the interior condition varies greatly between units, indicating that while some parts are move-in ready, others require substantial renovation to meet current quality standards. This aligns with the 'Fair' category, where the home is aged but maintained, and major components are functional but show signs of being outdated, requiring minor to moderate updates or repairs beyond the recently updated studio.
Pros & Cons
Pros
Exceptional Income Opportunity: As a triplex, the property is explicitly marketed as an 'exceptional income opportunity' and 'fantastic investment,' ideal for generating rental revenue.
Prime & Desirable Location: Nestled on a 'picturesque, tree-lined street among well-cared-for single-family homes' in Monrovia, offering strong residential appeal and a stable neighborhood.
High Walkability & Convenience: The location is highly convenient, being 'just a short stroll to shops, restaurants, and public transit,' which enhances tenant desirability and ease of living.
Recently Updated Unit: The vacant studio unit has been 'tastefully updated,' allowing for immediate occupancy and rental income without additional upfront costs for that specific unit.
Value-Add Potential: The lower unit offers 'the option to add a second' bedroom, providing a clear path to increase rental income or property value through further development.
Cons
Age of Property: Built in 1930, the property is nearly a century old, which may imply potential for significant maintenance, outdated infrastructure (plumbing, electrical), or require substantial capital expenditures in the future.
Implied Renovation/Capital Needs: Phrases like 'Embrace the potential' and 'see its full potential' suggest that while one unit is updated, other units or the overall property may require further investment or renovation to maximize income and appeal.
Limited Unit Detail & Condition: Beyond the updated studio and the lower unit's bedroom potential, the specific condition and current occupancy status of the third unit are not detailed, creating some uncertainty for an investor.