$1,898,000
Exceptional triplex investment opportunity in desirable North Monrovia. Situated on a corner lot spanning two parcels on a quiet cul-de-sac, this unique property features three townhouse-style units, each offering approximately 1,226 square feet of well-designed living space. Built in 1988 with Craftsman-inspired architecture, each unit is two stories with two en-suite bedrooms upstairs and 2.5 bathrooms. The ground floor of each unit offers a convenient half bath, separate laundry area, and direct access to a two-car attached garage. Each residence also enjoys its own distinctive outdoor space: 138 Madeline features a newly constructed front patio with French drains and an expansive side patio; 136 Madeline offers an extra-large balcony with beautiful mountain views; and 920 Ocean View includes a private walled patio for added privacy. The property is highlighted by a majestic oak tree at the front, creating a welcoming presence and fantastic curb appeal in this peaceful residential neighborhood. Both end units feature newer flooring and remodeled kitchens, and all units include central air and heat. Additional features include a durable concrete tile 50-year roof, excellent curb appeal, and long-term tenants currently paying at or near market rents, making this an attractive opportunity for investors seeking stable income in a prime foothill location. The property has been well maintained and shows pride of ownership throughout. Drive-by only. Interior inspection subject to accepted offer. Please do not disturb tenants.
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Listed by Donna Baker with JohnHart Corp. (818) 246-1099
Property Type
Triplex
Status
Active
MLS Number
AR26050509
Year Built
1988
Lot Size
9,161 sq ft