406 S 5th Ave Monrovia, CA 91016
Estimated payment $15,493/month
Highlights
- No Units Above
- City Lights View
- Quartz Countertops
- Plymouth Elementary School Rated A-
- Property is near park and public transit
- No HOA
About This Home
Prime 6-Unit Investment Opportunity in Highly Desirable Location — NO CITY RENT CONTROL! Welcome to an exceptional, turnkey multi-family investment property situated in a highly sought-after neighborhood just North of Colorado Blvd and South of Foothill Blvd. Impeccably maintained and boasting a phenomenal rental history with 100% occupancy ("always rented"), this complex offers a rare combination of immediate cash flow and hassle-free management. The Unit Mix & Layout: Four (4) 2-Bedroom / 1-Bathroom Units: Approximately 650 sq. ft. each. These highly desirable, single-story ground-level units are attached in the front of the complex. They feature private rear patios. Two (2) 1-Bedroom / 1-Bathroom Units: Approximately 500 sq. ft. each. Quietly situated above the rear carport area. Extensive Modern Upgrades:
Five of the six front units have undergone complete, high-end renovations designed to attract top-tier tenants. Upgrades in these units include: Climate & Efficiency: Central heat and air for year-round comfort (one unit features a window AC), plus energy-efficient tankless water heaters. Interior Finishes: Beautiful laminate flooring, recessed lighting, elegant crown molding, and modern ceiling fans. Gourmet Kitchens: Upgraded with sleek quartz countertops and premium stainless steel appliances (including refrigerator, range, and microwave). Luxury Baths: Thoughtfully remodeled featuring a shower-over-tub enclosed with a sleek glass door. Property Amenities: Parking: 6 covered carport spaces at the rear of the property (1 dedicated space per unit). Laundry: Convenient on-site, coin-operated laundry room equipped with 1 washer and 1 dryer (additional income stream). Location: Perfectly positioned close to premier shopping, vibrant dining options, and major thoroughfares. This is a true pride-of-ownership property in a fantastic area. With no city rent control and units consistently in high demand, this is a golden opportunity to add a high-performing asset to your real estate portfolio. PLEASE NOTE: DRIVE-BY ONLY. DO NOT DISTURB TENANTS UNDER ANY CIRCUMSTANCES.
Listing Agent
Century 21 Village Realty Brokerage Phone: 626-202-8502 License #01305364 Listed on: 06/26/2026
Co-Listing Agent
Century 21 Village Realty Brokerage Phone: 626-202-8502 License #01323356
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $24,830
Year Built
- Built in 1948
Lot Details
- 11,320 Sq Ft Lot
- No Units Above
- No Units Located Below
- 1 Common Wall
- Wood Fence
Property Views
- City Lights
- Mountain
Home Design
- Apartment
- Entry on the 1st floor
- Turnkey
- Composition Roof
- Stucco
Interior Spaces
- 3,804 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Living Room
- Utility Room
- Laundry in unit
Kitchen
- Gas Range
- Microwave
- Quartz Countertops
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 6 Parking Spaces
- 6 Carport Spaces
- Parking Available
- Assigned Parking
Outdoor Features
- Exterior Lighting
Location
- Property is near park and public transit
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Wall Furnace
- Natural Gas Connected
- Tankless Water Heater
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 19
- Tax Tract Number 8715
- Assessor Parcel Number 8505032026
- $2,538 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 6 Units
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $563
- Gardener Expense $2,400
- Insurance Expense $6,886
- Maintenance Expense $8,200
- Pest Control $695
- Trash Expense $4,803
- Water Sewer Expense $3,997
- Operating Expense $52,376
- Gross Income $1,320
- Net Operating Income $111,632
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $24,831 | $1,732,748 | $692,867 | $1,039,881 |
| 2024 | $24,265 | $1,698,774 | $679,282 | $1,019,492 |
| 2023 | $23,730 | $1,665,465 | $665,963 | $999,502 |
| 2022 | $23,065 | $1,632,809 | $652,905 | $979,904 |
| 2021 | $22,626 | $1,600,794 | $640,103 | $960,691 |
| 2019 | $21,598 | $1,555,356 | $621,118 | $934,238 |
| 2018 | $22,554 | $1,524,900 | $608,940 | $915,960 |
| 2016 | $16,147 | $1,134,868 | $652,693 | $482,175 |
| 2015 | $15,809 | $1,117,822 | $642,889 | $474,933 |
| 2014 | $15,672 | $1,095,926 | $630,296 | $465,630 |
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 |
|---|---|---|---|---|
| 06/26/2026 06/26/26 | For Sale | $2,500,000 | -- | $657 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR26136583
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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