134 Melrose
About This Property
Incredible Opportunity with Ready-to-Build Plans in Prime Monrovia! This charming property offers the perfect blend of immediate comfort and massive upside potential. Best of all, it comes complete with fully drafted plans for a massive 1,518 square foot addition to the main house. Skip the lengthy design delays and fast-track your dream home expansion. Whether you are an investor looking to maximize equity or a homeowner wanting to customize your forever space, this property delivers unmatched value. Located on a beautiful tree-lined street close to Old Town Monrovia's shopping, dining, and transit. Do not miss out on this rare, value-add gem!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 17, 2026 | Listed by Capital Team Real Estate Svc | $1,039,000 | |
| Listed by Capital Team Real Estate Svc | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017