Single-Story Courtyard
814 S Mayflower Avenue Monrovia, CA 91016
For Sale
Contact for pricing
Three separate 2-bedroom/1-bath units with individual garages and laundry hookups in a move-in-ready courtyard setting.
Property Size2,447 SF
Lot Size0.16 Acres
Price / SF$521.05
Days on Market53
Property Features for 814 S Mayflower Avenue
General Information
- Standard status
- Active
- Size
- 2,447 SF
- Lot size
- 0.16 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1956
Listing Agency:
Compass
(310) 230-5478
Listed By:
John Swartz · License #CA 01873487
Source:
Crexi
Added: Jun 2
Changed: Jul 10
Last Checked: Jul 23 at 4:53AM
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 Compass
Investment Insights
Based on property information with market context.
814 S Mayflower Avenue is a well-maintained, single-story courtyard-style triplex built in 1956. The property totals 2,447 square feet and includes three 2-bedroom, 1-bath units, each laid out for comfortable living. Units feature hardwood-style flooring, with individual garages that provide tenants private storage, and washer/dryer hookups. The building is individually metered for electricity and gas, with tenants responsible for their own utility costs while the owner covers water, trash, and gardening. Refrigerators are owner-supplied unless replaced by tenants.
The property is located in Monrovia, within the Upper San Gabriel Valley. It is just minutes from the 210 Freeway, and access to major employment areas is supported by nearby medical and commercial corridors. Commuter options are enhanced by the Monrovia Gold Line Station, part of the Metro L Line, which connects riders to Pasadena and Downtown Los Angeles. Old Town Monrovia’s dining, retail, and entertainment district is described as being just blocks away.
For investors or owner-operators, this triplex offers a straightforward, maintainable income setup with three independently metered units and tenant-managed utilities. The on-site garage structures may also support an Accessory Dwelling Unit (ADU) conversion, subject to City of Monrovia approval and applicable building requirements, with feasibility to be confirmed with the City Planning Department and a licensed contractor prior to close.
The property is located in Monrovia, within the Upper San Gabriel Valley. It is just minutes from the 210 Freeway, and access to major employment areas is supported by nearby medical and commercial corridors. Commuter options are enhanced by the Monrovia Gold Line Station, part of the Metro L Line, which connects riders to Pasadena and Downtown Los Angeles. Old Town Monrovia’s dining, retail, and entertainment district is described as being just blocks away.
For investors or owner-operators, this triplex offers a straightforward, maintainable income setup with three independently metered units and tenant-managed utilities. The on-site garage structures may also support an Accessory Dwelling Unit (ADU) conversion, subject to City of Monrovia approval and applicable building requirements, with feasibility to be confirmed with the City Planning Department and a licensed contractor prior to close.
Key Highlights
- 1956‑built, single‑story courtyard‑style 3‑unit property totaling 2,447 SF on a 6,580 SF lot
- Each unit offers 2 bedrooms and 1 bathroom, with hardwood‑style flooring and individual garages
- Tenants have washer/dryer hookups; individual electric and gas metering (tenants pay electricity and gas)
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 | $66.1k | $27.00 |
| − Vacancy | −$5.0k | −$2.05 |
| EGI | $61.0k | $24.95 |
| − OpEx | −$18.3k | −$7.48 |
| NOI | $42.7k | $17.46 |
2,447 SF · lease $27.00/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$610.5K
$534.2K – $712.2K
NOI $42,733 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$562.5K
$492.2K – $656.2K
NOI $39,374 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,708 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three separate 2-bedroom/1-bath units with individual garages and laundry hookups in a move-in-ready courtyard setting.
Where is this triplex located?
The property is located at 814 S Mayflower Avenue Monrovia, CA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: 1956‑built, single‑story courtyard‑style 3‑unit property totaling 2,447 SF on a 6,580 SF lot; Each unit offers 2 bedrooms and 1 bathroom, with hardwood‑style flooring and individual garages; Tenants have washer/dryer hookups; individual electric and gas metering (tenants pay electricity and gas)
