131 May Ave

Monrovia, ca

 
 
 
 
 

4

UNITS

$346.72

PRICE/SF

$297,000

PRICE/UNIT

4.01%

CAP

14.98

GRM

4.64%

PRO FORMA CAP

13.60

PRO FORMA GRM
 

The LAAA Team of Marcus & Millichap is pleased to present these 5 units located at 131 May Avenue in Monrovia, California. The offering sits on 9,352 square feet of land with 4,283 square feet of building area and consists of 2 - studio / one bath, 1 – one bed / one bath plus den, 1 - two bed / one bath, and 1 - two bed / two bath cottage. The subject property is truly one-of-a-kind as it was one of the few mansions built on May Avenue during the 1930's and includes a maid's cottage at the rear of the property. The City of Monrovia has recently grandfathered in the rear cottage & now recognizes the unit as a legal fifth unit.

With a Walk Score of 82. the offering is well located proximate to schools (Clifton Middle School, Tzu Chi Great Love and Tzu Chi Great Love Elementary School), grocery stores: Rigo's Deli Mini Market, Smart & Final and ALDI, coffee shops: The Coffee Bean and Tea Leaf, Starbucks and Opera, restaurants: Los Victors Mexican Food, Sakura Sushi House and Baja Mar Fish Tacos. 131 May Ave is near Library Park, Grand Avenue Park and Recreation Park.

 

 
 
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Glen Scher

Vice President

O: (818) 212-2808

M: (818) 667-6683

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Filip Niculete

Vice President

O: (818) 212-2748

M: (818) 577-9893

Email Now