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Multifamily

131 May Ave

131 May Ave, Monrovia, CA 91016

Listing Price: $1,485,000

Cap Rate
4.01%
Number of Units
5
GRM
14.98
Occupancy
97.0%
Price/Unit
$297,000
Price/Gross SF
$346.72
Gross SF
4,283

Investment Overview

Marcus & Millichap is pleased to present these 4 units plus 1 non-conforming cottage at 131 May Avenue located in Monrovia, California. The offering sits on 9,352 square feet of land with 4,283 square feet of building area and consists of 2 - studio / one bath, 2 - two bed / one bath, and 1 - two bed / one bath cottage. The subject property is truly one-of-a-kind as it was one of the few mansions built on May Avenue during the 1930's and includes a maid's cottage at the rear of the property (5th non-conforming unit).

With a Walk Score of 82. the offering is well located proximate to schools (Clifton Middle School, Tzu Chi Great Love and Tzu Chi Great Love Elementary School), grocery stores: Rigo's Deli Mini Market, Smart & Final and ALDI, coffee shops: The Coffee Bean and Tea Leaf, Starbucks and Opera, restaurants: Los Victors Mexican Food, Sakura Sushi House and Baja Mar Fish Tacos. 131 May Ave is near Library Park, Grand Avenue Park and Recreation Park.

Investment Highlights

  • Built in 1935
  • Rare 1930's Monrovia Mansion
  • 4 Units Plus 1 Non-Conforming
  • Value Add Opportunity
  • Residential Financing Available
  • Walk Score of 82

Exclusively Listed By

Listing Price: $1,485,000

Cap Rate
4.01%
Number of Units
5
GRM
14.98
Occupancy
97.0%
Price/Unit
$297,000
Price/Gross SF
$346.72
Gross SF
4,283

Investment Highlights

  • Built in 1935
  • Rare 1930's Monrovia Mansion
  • 4 Units Plus 1 Non-Conforming
  • Value Add Opportunity
  • Residential Financing Available
  • Walk Score of 82

Investment Overview

Marcus & Millichap is pleased to present these 4 units plus 1 non-conforming cottage at 131 May Avenue located in Monrovia, California. The offering sits on 9,352 square feet of land with 4,283 square feet of building area and consists of 2 - studio / one bath, 2 - two bed / one bath, and 1 - two bed / one bath cottage. The subject property is truly one-of-a-kind as it was one of the few mansions built on May Avenue during the 1930's and includes a maid's cottage at the rear of the property (5th non-conforming unit).

With a Walk Score of 82. the offering is well located proximate to schools (Clifton Middle School, Tzu Chi Great Love and Tzu Chi Great Love Elementary School), grocery stores: Rigo's Deli Mini Market, Smart & Final and ALDI, coffee shops: The Coffee Bean and Tea Leaf, Starbucks and Opera, restaurants: Los Victors Mexican Food, Sakura Sushi House and Baja Mar Fish Tacos. 131 May Ave is near Library Park, Grand Avenue Park and Recreation Park.

Exclusively Listed By

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