Monrovia Duplex with Vacant
For Sale
$845,000
126 E Cypress Avenue, Monrovia, CA 91016
Duplex in Monrovia with renovated and blank canvas units.
Property Size1,532 SF
Days on Market849
Property Features for 126 E Cypress Avenue
General Information
Standard status
Active
Size
1,532 SF
Property subtype
Duplex
Amenities
Wall Furnace
Building Details
Building Size
1,532 SF
Year Built
1923
Stories
1
Listing Agency:
Century 21 Adams & Barnes
(301) 916-1900
Listed By:
Thomas Adams
Source:
Kw
Added: Apr 15, 2024
Changed: Aug 8
Last Checked: Jul 16 at 6:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Adams & Barnes
Investment Insights
Based on property information with market context.
Located in Monrovia, this property provides access to shopping, dining, and transportation. It features two units, both of which will be delivered vacant at close of escrow. The rear unit is in near-new condition, showcasing a renovated kitchen, a modern bathroom, in-unit laundry, and dual pane windows. It also includes a private rear yard. The front unit offers a blank canvas. Off-street parking is available with a two-car carport and additional driveway space. This property presents an investment opportunity.
Key Highlights
- Both units delivered vacant, offering immediate occupancy or rental potential.
- Prime location in Monrovia, close to shopping, dining, and transportation.
- Rear unit is recently renovated with a MODERN KITCHEN and BATHROOM, in‑unit laundry, and dual pane windows.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,754
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$535,080
$535.1K
Cap Rate 7%
$382,200
$382.2K
Cap Rate 9%
$297,267
$297.3K
Market Conditions
NOI Build-Up for 1,532 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$41.4K $27.00/SF
− Vacancy
−$3.1K −$2.05/SF
EGI
$38.2K $24.95/SF
− OpEx
−$11.5K −$7.48/SF
NOI
$26.8K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$535,080
Cap Rate 7%
$382,200
Cap Rate 9%
$297,267
Alternative Uses
Best Use
Multifamily LT 5
$382.2K
$334.4K – $445.9K
NOI $26,754 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$352.2K
$308.1K – $410.9K
NOI $24,651 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$820.2K
$717.7K – $956.9K
NOI $57,416 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,143
Businesses Nearby
Explore this area
Business Placement
Demographics for 91016, CA
41,852
Population
16,171
Households
2.6
Avg Household Size
41
Median Age
44%
College-Educated
90%
High-School Grad
8.5 sq mi
ZIP Area
4,924
Density / Sq Mi
$99,555
Median Household Income
$51,120
Median Earnings
$2,008
Median Rent
$874,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Monrovia with renovated and blank canvas units.
Where is this duplex located?
The property is located at 126 E Cypress Avenue Monrovia, CA.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Both units delivered vacant, offering immediate occupancy or rental potential.; Prime location in Monrovia, close to shopping, dining, and transportation.; Rear unit is recently renovated with a MODERN KITCHEN and BATHROOM, in‑unit laundry, and dual pane windows.
