Remodeled Duplex with 4-Car
415 E Walnut Avenue Monrovia, CA 91016
415 E Walnut Avenue, Monrovia, CA, 91016
Contact for pricing
For Sale
Contact for pricing
Pending
Remodeled duplex offers two units with enclosed patio space and updated kitchens, plus a four-car garage behind the rear unit.
Property Size2,023 SF
Days on Market141
Property Features for 415 E Walnut Avenue
General Information
- Standard status
- Pending
- Size
- 2,023 SF
- Property subtype
- Multifamily
Listing agency
Coldwell Banker Realty
(626) 393-5695
Listed by
Ash Rizk · License #01503342
Source
Crexi
Added: Mar 3 Updated: Jul 21 at 2:23AM Checked: Jul 22 at 1:01PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This remodeled duplex features two residences, each with 3 bedrooms and 1 fully updated bath. Both interiors have been refreshed with new flooring, fresh paint, and recessed lighting, with living rooms that include French doors to an enclosed patio area for additional flexible space. Kitchens have been updated with new cabinetry and countertops and include dedicated breakfast nook areas, with a separate dining area just off the living room. Each unit presents a cohesive, move-in-ready finish package with the bathrooms tastefully remodeled.
The property sits just moments from Old Town Monrovia’s restaurants, shops, and neighborhood amenities, and is described as within walking distance to the area’s offerings.
A four-car garage is located behind the rear unit, providing separated parking for both residences.
The property sits just moments from Old Town Monrovia’s restaurants, shops, and neighborhood amenities, and is described as within walking distance to the area’s offerings.
A four-car garage is located behind the rear unit, providing separated parking for both residences.
Key Highlights
- Remodeled duplex with two units, each featuring 3 bedrooms and 1 fully updated bathroom
- Front unit includes 996 SF; rear unit includes 1,027 SF of living space
- Both units refreshed with new flooring, fresh paint, and recessed lighting
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.6k | $27.00 |
| − Vacancy | −$4.2k | −$2.05 |
| EGI | $50.5k | $24.95 |
| − OpEx | −$15.1k | −$7.48 |
| NOI | $35.3k | $17.46 |
2,023 SF · lease $27.00/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$504.7K
$441.6K – $588.8K
NOI $35,329 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$465.0K
$406.9K – $542.5K
NOI $32,552 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$1.08M
$947.7K – $1.26M
NOI $75,817 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Remodeled duplex offers two units with enclosed patio space and updated kitchens, plus a four-car garage behind the rear unit.
Where is this duplex located?
The property is located at 415 E Walnut Avenue Monrovia, CA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Remodeled duplex with two units, each featuring 3 bedrooms and 1 fully updated bathroom; Front unit includes 996 SF; rear unit includes 1,027 SF of living space; Both units refreshed with new flooring, fresh paint, and recessed lighting
