$2,988,000

424 E Foothill Blvd Monrovia, CA 91016

Estimated payment $17,279/month

9 Beds
7 Baths
5,094 Sq Ft
$587 Price per Sq Ft

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.

Listing Agent

Jim Rock

COMPASS License #01057765 Listed on: 02/27/2026

COMPASS

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,183

Year Built

Built in 1948 | Remodeled

Lot Details

0.33 Acres

Parking

5

Listing Details

  • Assessments: No
  • Inclusions: All Washers and Dryers and Appliances except for one Refrigerator that belongs to the tenant.
  • Park Name: Library Park
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Not Applicable
  • View: Yes
  • Water Sewer Expenses: 3468.00
  • Zoning: Multi-Family MORH
  • Architectural Style: Traditional
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 8517001022
  • Year Built: 1948
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Corian Counters, Quartz Counters, Copper Plumbing Partial, Ceramic Counters, Built-in Features, Recessed Lighting, Storage
  • Stories: 12
  • Common Walls: No Common Walls
  • Flooring: Tile, Laminate
  • Accessibility Features: Parking, See Remarks
  • Appliances: Yes
  • Door Features: Panel Doors
  • Entry Level: 1
  • Levels: Multi/Split, Two
  • Price Per Square Foot: 586.57
  • Room Type: Primary Bedroom, Entry, Laundry, Living Room, Main Floor Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Other Structures: Storage
  • Exterior Features: Rain Gutters, Lighting
  • Fence: Yes
  • Fencing: Grapestake, Good Condition, Wrought Iron
  • Builder Name: Mr Do it Right!
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Frame, Stucco, Synthetic Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage, Off Street, On Site, Garage - Single Door, Garage Faces Rear, Side by Side, Parking Space
  • Total Parking Spaces: 15.00
  • Uncovered Spaces: 10.00

Utilities

  • Utilities: Underground Utilities, Electricity Connected, Water Connected, Cable Connected, Cable Available, Natural Gas Connected, Natural Gas Available, Sewer Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater, Refrigerator, Gas Water Heater, Tankless Water Heater, Vented Exhaust Fan, Range Hood, Gas & Electric Range
  • Electric: Standard, 220V Other - See Remarks, Electricity - On Property
  • Heating Type: Forced Air, Solar, Central
  • Laundry Features: Inside, Gas Dryer Hookup, Individual Room, Electric Dryer Hookup, Gas & Electric Dryer Hookup, Washer Hookup, Stackable, Washer Included
  • Sewer: Sewer Paid, Public Sewer
  • Trash Expense: 3897.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Foothills, Street Lights, Suburban, Sidewalks

Green Features

  • Efficiency: Lighting, HVAC, Water Heater, Windows
  • Green Power: Solar

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Desert Back, Park Nearby, Greenbelt, Landscaped, Near Public Transit, Sprinklers None, Level with Street, Desert Front, Rocks, Front Yard, Irregular Lot, Walkstreet, Level, Lot 10000-19999 Sqft, Garden
  • Lot Size: Irregular
  • Lot Size Sq Ft: 14512.00
  • Lot Size Acres: 0.3331

Rental Info

  • Tenant Pays: Gas, Telephone, Cable TV, Electricity

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Average2 Bed Area: 6001000 Square Feet
  • Electric Expense: 622.00
  • Fuel Expense: 305.00
  • Gross Income: 196200.00
  • Gross Multiplier: 15.20
  • Gross Operating Income: 196200.00
  • Gross Scheduled Income: 196200.00
  • Insurance Expense: 6684.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1440.00
  • Lot Size Area: 14512.0000 Square Feet
  • Maintenance Expense: 1800.00
  • Net Operating Income: 155700.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Number With Range: 7
  • Number With Refrigerator: 6
  • Operating Expense: 40500.00
  • Other Income2: 1428.00
  • Other Income Description: Laundry $1440
  • Rent Control: Yes
  • Total Expenses: 17401.00

Tax Info

  • New Taxes Expense: 37500.00
  • Tax Area: 6-215
  • Tax Lot: 1&2
  • Tax Annual Amount: 23183.00
  • Tax Year: 2025

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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®

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-26034

Pasadena-Foothills Association of REALTORS®
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