$2,000,000

231 E Maple Ave Monrovia, CA 91016

Monrovia Area

Estimated payment $11,848/month

2 Beds
1 Bath
4,625 Sq Ft
$432 Price per Sq Ft

Highlights

  • Mountain View
  • Private Yard
  • Foothills
  • Monrovia High School Rated A
  • No HOA
  • 3-minute walk to Julian Fisher Park

About This Home

Excellent investment opportunity in desirable Monrovia! This well-located 5-unit apartment complex offers strong income potential in a highly sought-after San Gabriel Valley community. The property provides an excellent opportunity for investors looking to expand their portfolio with a multifamily asset in an established residential area. Conveniently located near shopping, dining, transportation, and all that Monrovia has to offer.

Listing Agent

Micah Adams

CENTURY 21 ADAMS & BARNES Brokerage Phone: 626-589-3870 License #01427306 Listed on: 09/24/2026

CENTURY 21 ADAMS & BARNES

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 8,109 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 4,625 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 10 Open Parking Spaces
  • 15 Parking Spaces
  • 5 Carport Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 20 / AA
  • Tax Tract Number 1
  • Assessor Parcel Number 8515018050
  • $2,273 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Foothills
  • Mountainous Community

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Gardener Expense $2,400
  • Insurance Expense $5,000
  • Trash Expense $5,000
  • Water Sewer Expense $3,800
  • Security Expense $4,200
  • Operating Expense $20,760
  • Gross Income $70,000
  • Net Operating Income $58,440

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

8,109 Sq Ft Lot

Listing Details

  • Standard Status: Active
  • Property Attached: Yes
  • Security Expense: 4200.00
  • View: Yes
  • Water Sewer Expenses: 3800.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 8515018050
  • Year Built: 1963
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 432.43

Exterior Features

  • View: Mountain(s), Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 5.00
  • Total Parking Spaces: 15.00
  • Uncovered Spaces: 10.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 5000.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Mountainous, Foothills, Street Lights, Storm Drains, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 8109.00
  • Lot Size Acres: 0.1862

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average2 Bed Area: 925 Square Feet
  • Electric Expense: 360.00
  • Gross Income: 70000.00
  • Gross Scheduled Income: 70000.00
  • Insurance Expense: 5000.00
  • Lot Size Area: 8109.0000 Square Feet
  • Net Operating Income: 58440.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number With Range: 5
  • Operating Expense: 11560.00
  • Rent Control: Yes
  • Total Actual Rent: 70000.00
  • Total Expenses: 20760.00

Tax Info

  • Tax Block: AA
  • Tax Lot: 20
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 2273.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $6,688 $350,456 $203,938 $146,518
2025 $6,688 $343,586 $199,940 $143,646
2024 $6,495 $336,850 $196,020 $140,830
2023 $6,376 $330,246 $192,177 $138,069
2022 $6,237 $323,771 $188,409 $135,362
2021 $6,108 $317,423 $184,715 $132,708
2020 $14,597 $1,012,356 $704,568 $307,788
2019 $14,354 $992,506 $690,753 $301,753
2018 $13,991 $973,046 $677,209 $295,837
2016 $3,102 $105,989 $16,333 $89,656
2015 $3,055 $104,398 $16,088 $88,310
2014 $3,063 $102,354 $15,773 $86,581
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/24/2026 09/24/26 For Sale $2,000,000 -- $432 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV26208814

California Regional Multiple Listing Service (CRMLS)
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