143 N Garfield Place new Save Request In-Person Tour Request Virtual Tour
Monrovia,CA 91016
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25199270
Bedrooms 4
Property Sub-Type Res Income 2-4 Units
Property Description
Welcome to 143 N Garfield Place in the heart of Monroviaa rare opportunity to own a fully tenant-occupied, income-generating duplex in a prime location. Situated on a quiet cul-de-sac just north of Foothill Blvd., this property features two separate homes on one lot, offering both immediate rental income and long-term investment potential. The front residence is a spacious 3-bedroom, 2-bathroom home with approximately 1,300 square feet of living space. It boasts vaulted ceilings, a cozy fireplace in the living room, and abundant natural light throughout. Tenants enjoy the convenience of in-unit laundry, a large backyard shaded by mature oak trees, and a covered patio deck perfect for relaxing or entertaining. The rear unit is a fully permitted ADU, newly constructed in 2024. This modern 1-bedroom, 1-bathroom home spans 400 square feet and features vaulted ceilings, LED recessed lighting, and its own laundry area. Both units are thoughtfully designed to provide comfort and privacy, making them highly desirable rental options. Currently, the front unit is leased at $3,589 per month and the ADU at $2,650 per month, offering a strong return on investment from day one. Located within close proximity to everyday conveniences including CVS, Ralphs, Grocery Outlet, Starbucks, and a variety of restaurants. Residents also enjoy easy access to Old Town Monrovia, public transportation, and major freeways, enhancing the property's appeal and accessibility. Whether you're expanding your portfolio or entering the rental market, this well-maintained, income-producing property offers a comp
Location
State CA
County Los Angeles
Zoning Assessor
Interior
Cooling Central Forced Air
Exterior
View Y/N No
Roof Type Composition
Building
Story 1