424 E Foothill Blvd Monrovia, CA 91016
Estimated payment $17,279/month
Highlights
- Solar Power System
- Property is near park and public transit
- Main Floor Bedroom
- Clifton Middle School Rated A-
- Traditional Architecture
- 4-minute walk to Rotary Park
About This Home
We are proud to present this exceptionally clean, low-maintenance 7-unit apartment complex, ideally located in one of North Monrovia's most desirable neighborhoods just east of the Old Town area. This rare pride-of-ownership multifamily opportunity consists of three buildings--a main 5-unit building and two detached bungalow units--offering an attractive and flexible unit mix with strong tenant appeal.The property features three 1-bedroom/1-bath units, two 2-bedroom/1-bath units, and two spacious 2-bedroom/2-bath units. The 1-bedroom and 2-bedroom/1-bath units each include a single-car garage and share a common on-site laundry room, which also provides additional income. The 2-bedroom/2-bath bungalow units were constructed from the ground up approximately five years ago and offer modern amenities including in-unit stacked washer and dryers, forced air heating and central air conditioning, tankless water heaters, and fully paid solar systems--helping reduce operating costs while enhancing tenant comfort. One bungalow also features a large private fenced patio.The 2-bedroom/1-bath units have been thoughtfully upgraded with mini-split heating and air conditioning systems along with numerous additional improvements throughout the property. The main building includes upgraded electrical panels, five single-car garages, and consistent maintenance that reflects years of careful ownership.Located in a high-performing rental market with an exceptional long-term occupancy history, the property offers a quiet residential environment while remaining conveniently close to shopping, dining, parks, schools, and major commuter routes. This is truly one of the best-condition multifamily assets available in the surrounding area.An uncommon level of operational transparency is provided, with complete rent rolls and detailed historical documentation available, giving buyers confidence in underwriting and long-term performance.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $23,183
Year Built
- Built in 1948 | Remodeled
Lot Details
- 0.33 Acre Lot
- No Common Walls
- Desert faces the front and back of the property
- Wrought Iron Fence
- Grapestake Fence
- Fence is in good condition
- Landscaped
- Level Lot
- Irregular Lot
- No Sprinklers
- Garden
- Front Yard
Parking
- 5 Car Garage
- 10 Open Parking Spaces
- Parking Available
- Rear-Facing Garage
- Side by Side Parking
- Single Garage Door
- Parking Lot
- Off-Street Parking
Home Design
- Traditional Architecture
- Split Level Home
- Entry on the 1st floor
- Turnkey
- Slab Foundation
- Frame Construction
- Shingle Roof
- Composition Roof
- Partial Copper Plumbing
- Synthetic Stucco Exterior
Interior Spaces
- 5,094 Sq Ft Home
- Built-In Features
- Recessed Lighting
- Double Pane Windows
- Panel Doors
- Entryway
- Living Room
- Storage
- Property Views
Kitchen
- Gas and Electric Range
- Range Hood
- Quartz Countertops
- Corian Countertops
- Ceramic Countertops
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- Main Floor Bedroom
- 7 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Accessible Home Design
- Accessible Parking
Eco-Friendly Details
- Energy-Efficient Windows
- Energy-Efficient HVAC
- Energy-Efficient Lighting
- Solar Power System
- Solar Heating System
Outdoor Features
- Exterior Lighting
- Outdoor Storage
- Rain Gutters
Location
- Property is near park and public transit
- Suburban Location
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
- Underground Utilities
- Tankless Water Heater
- Gas Water Heater
- Sewer Paid
- Cable TV Available
Listing and Financial Details
- Tax Lot 1&2
- Assessor Parcel Number 8517001022
- Seller Considering Concessions
Community Details
Overview
- 3 Buildings
- 7 Units
- Built by Mr Do it Right!
- Nice
- Library Park
- Foothills
- Greenbelt
- 12-Story Property
Building Details
- Rent Control
- 7 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $622
- Fuel Expense $305
- Insurance Expense $6,684
- Maintenance Expense $1,800
- Trash Expense $3,897
- Water Sewer Expense $3,468
- New Taxes Expense $37,500
- Operating Expense $17,401
- Gross Income $196,200
- Net Operating Income $155,700
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $22,531 | $1,617,498 | $948,189 | $669,309 |
| 2024 | $22,531 | $1,585,784 | $929,598 | $656,186 |
| 2023 | $22,033 | $1,554,691 | $911,371 | $643,320 |
| 2022 | $21,414 | $1,524,207 | $893,501 | $630,706 |
| 2021 | $21,010 | $1,494,322 | $875,982 | $618,340 |
| 2019 | $7,247 | $415,769 | $210,797 | $204,972 |
| 2018 | $6,949 | $407,641 | $206,664 | $200,977 |
| 2016 | $6,649 | $390,660 | $198,640 | $192,020 |
| 2015 | $6,522 | $384,793 | $195,657 | $189,136 |
| 2014 | $6,492 | $377,257 | $191,825 | $185,432 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/27/2026 02/27/26 | For Sale | $2,988,000 | +106.1% | $587 / Sq Ft | |
| 05/01/2019 05/01/19 | Sold | $1,450,000 | -2.0% | $469 / Sq Ft | View Prior Sale |
| 03/08/2019 03/08/19 | Pending | -- | -- | -- | |
| 01/12/2019 01/12/19 | Price Changed | $1,480,000 | 0.0% | $478 / Sq Ft | |
| 01/12/2019 01/12/19 | For Sale | $1,480,000 | +2.1% | $478 / Sq Ft | |
| 11/16/2018 11/16/18 | Off Market | $1,450,000 | -- | -- | |
| 08/08/2018 08/08/18 | Price Changed | $1,575,000 | -14.9% | $509 / Sq Ft | |
| 07/16/2018 07/16/18 | Price Changed | $1,850,000 | -11.9% | $598 / Sq Ft | |
| 07/07/2018 07/07/18 | For Sale | $2,100,000 | -- | $679 / Sq Ft |
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-26034
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Ask me questions while you tour the home.