4 beds 2 baths 2,111 sq. ft.
34.15751 -118.00644

316 Melrose Avenue Monrovia, CA 91016

Est. Monthly $4,063 recalculate
4 beds 2 baths 2,111 sf

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Micah Adams
Micah Adams CENTURY 21 Adams & Barnes
433 W Foothill Blvd
Monrovia, CA 91016
CENTURY 21 Adams & Barnes
433 W Foothill Blvd Monrovia, CA 91016
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316 Melrose Avenue
Monrovia, CA 91016

Explore This Property

Multi-Family (2-4 Units) - North Monrovia Duplex with great income potential! Located in a desirable neighborhood and features a large corner lot with endless possibility. Each unit is over 1000 sq ft with two bedrooms and one bathroom, spacious and bright living room with fireplace and bay windows, private laundry hookups for each unit and a breakfast nook in the kitchen. Currently configured as a shared attached two car garage with additional driveway parking available. Both units are West facing and have their own address which are 316 Melrose Ave and 318 Hillcrest Ave. A new roof was installed in 2012. Estimated cap rate is 4.2% with a rent potential of $4,200 monthly($50,400 annual) please ask for more details.
MLS # AR17130464
Listed By CENTURY 21 Adams & Barnes

Property Features

  • Style: Not Applicable

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 4.75% APR
    $4,063Your estimated monthly payment
    $159,80020% Down Payment
    $799,000 $719,100
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Middle School
    Grades 6-8 | Public School

    MONROVIA, CA 91016
    226 S IVY AVE

    Total Students 660
    Student Teacher Ratio 22:1

    School Rating

    4 stars View School Details
    High School
    Grades 9-12 | Public School

    MONROVIA, CA 91016

    Total Students 1550
    Student Teacher Ratio 18:1

    School Rating

    4 stars View School Details
    Grades 9-12 | Public School

    MONROVIA, CA 91016

    Total Students 110
    Student Teacher Ratio 14:1

    School Rating

    1 star View School Details
    School Attendance
    We don't have all attendance zone information for this listing.
    Explore area schools below or for more information

    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    Mayflower Elementary School 0.3 mi Public K-5
    Christian Classical Conservatory 0.8 mi Private 1-12
    Monroe Elementary School 0.8 mi Public K-5
    Tzu Chi Great Love 0.9 mi Private PRESCHOOL-5
    Calvary Road Baptist Academy 0.9 mi Private K-12
    Wild Rose Elementary School 0.9 mi Public K-5
    Foothills Middle School 1.2 mi Public 6-8
    Canyon Early Learning Center 1.2 mi Public -
    Immaculate Conception Catholic School 1.3 mi Catholic K-8
    Highland Oaks Elementary School 1.4 mi Public PRESCHOOL-5
    Bradoaks Elementary School 1.4 mi Public K-5
    Monrovia Community Adult 1.6 mi Public -
    Mountain Park School 1.6 mi Public K-12
    Arcadia Adult 1.7 mi Public -
    Rancho Learning Center (alternative) 1.7 mi Public 1-12
    Santa Fe Middle School 1.8 mi Public 6-8
    Quest Academy Community Day 1.8 mi Public 7-12

    Local Area Information for Monrovia, CA 91016

    Median Age: 39.1
    Married: 39.3%
    Number of Households: 15,373
    Households with Children: 4,911
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
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      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
      Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.