Duplex with Separate
For Sale
$799,000
203 Benrud Street, Monrovia, CA 91016
The property is vacant and includes a detached residence, a rear living space, and a garage conversion.
Property Size1,588 SF
Price / SF$503.15
Days on Market22
Property Features for 203 Benrud Street
General Information
Standard status
Active
Size
1,588 SF
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
added value fixer opportunity
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/2BA
Multifamily Units
3
Building Details
Building Size
1,588 SF
Year Built
1951
Listing Agency:
Keller Williams R. E. Services
(818) 388-4468
Listed By:
Armen Simonian · License #00931297
(818) 239-3500
Source:
Brillarealestate
Added: Oct 7
Changed: Oct 26
Last Checked: Oct 26 at 2:13PM
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 Keller Williams R. E. Services
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Investment Insights
Based on property information with market context.
This 1,588-square-foot duplex property, built in 1951, has a front house in its own building and a separate structure at the rear. The front residence has two bedrooms, one bathroom, a side yard, a private garage, and its own driveway. The rear space is also configured with two bedrooms and one bathroom and has been remodeled, but it lacks final permits as a unit. A garage conversion provides another one-bedroom, two-bathroom space and was completed without city permits. The property is vacant and being offered in its current condition. Improvements to the upstairs space include vinyl flooring, updated kitchen cabinetry and plumbing fixtures, interior paint, and a vinyl living-room window. New water heaters and electrical panels with conduits serve the spaces. Gas, electrical, and water service are on shared meters.
The property is in Monrovia, within unincorporated Los Angeles County. The front house faces Benrud Street.
The property is in Monrovia, within unincorporated Los Angeles County. The front house faces Benrud Street.
Key Highlights
- 1,588‑square‑foot property built in 1951
- Front house: 2 bedrooms, 1 bathroom, private garage, driveway, and side yard
- Separate rear space has 2 bedrooms and 1 bathroom; it lacks final permits as a unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,732
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,640
$554.6K
Cap Rate 7%
$396,171
$396.2K
Cap Rate 9%
$308,133
$308.1K
Market Conditions
NOI Build-Up for 1,588 SF
Gross rent
$42.9K $27.00/SF
− Vacancy
−$3.3K −$2.05/SF
EGI
$39.6K $24.95/SF
− OpEx
−$11.9K −$7.48/SF
NOI
$27.7K $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 Rate 5%
$554,640
Cap Rate 7%
$396,171
Cap Rate 9%
$308,133
Alternative Uses
Best Use
Multifamily LT 5
$396.2K
$346.7K – $462.2K
NOI $27,732 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$365.0K
$319.4K – $425.9K
NOI $25,552 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$850.2K
$743.9K – $991.9K
NOI $59,515 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The property is vacant and includes a detached residence, a rear living space, and a garage conversion.
Where is this duplex located?
The property is located at 203 Benrud Street Monrovia, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 1,588‑square‑foot property built in 1951; Front house: 2 bedrooms, 1 bathroom, private garage, driveway, and side yard; Separate rear space has 2 bedrooms and 1 bathroom; it lacks final permits as a unit
