$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 921 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 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
4,922 sq ft