Seller's Agent in 2025
Lynne Tran
(626) 789-0159
1 in this area
32 Total Sales
609 W Foothill Blvd Monrovia, CA 91016
3
Beds
2
Baths
5,790
Sq Ft
9,143
Sq Ft Lot
Highlights
- Property is near park and public transit
- Cooling System Mounted To A Wall/Window
- Rectangular Lot
- Mayflower Elementary School Rated A
- Laundry Room
- Wall Furnace
About This Home
As of March 2025Prime Investment Opportunity –Don’t miss this exclusive opportunity to acquire a well-maintained, low-operating-cost 8-unit apartment building in the heart of Monrovia—a thriving rental market known for strong appreciation, excellent schools, and a robust job market. This fully leased property features a desirable unit mix of spacious 1-bed/1-bath (600 sqft) and 2-bed/1-bath (850 sqft) units. Positioned in a high-growth, centrally located area, this asset offers easy access to shopping, dining, entertainment, and major employment hubs. This property offers easy access to City of Hope, Arcadia, Azusa, Pasadena, and Downtown LA via nearby freeways and the Metro Gold Line. Additional amenities include onsite laundry and four double-car garages, adding convenience and value. With a proven income history, strong rental demand, and significant value-add potential, this property presents an ideal 1031 exchange opportunity or a strategic addition to your investment portfolio. Take advantage of low vacancy rates, potential for increased rents, and long-term appreciation in one of LA County’s most sought-after rental markets. A rare opportunity for investors looking for stability, growth, and excellent returns!
Last Agent to Sell the Property
Brokerage Phone: 626-627-9015 License #01845360 Listed on: 02/10/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953
Lot Details
- 9,145 Sq Ft Lot
- Two or More Common Walls
- Rectangular Lot
Parking
- 8 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Apartment
- Entry on the 2nd floor
Interior Spaces
- 5,790 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Additional Features
- Exterior Lighting
- Property is near park and public transit
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 9
- Tax Tract Number 430
- Assessor Parcel Number 8504015017
- Seller Considering Concessions
Community Details
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $360
- Fuel Expense $360
- Gardener Expense $3,057
- Insurance Expense $14,681
- Maintenance Expense $579
- Pest Control $1,111
- Professional Management Expense $1,146
- Supplies Expense $536
- Trash Expense $3,280
- Water Sewer Expense $4,800
- Operating Expense $30,392
- Gross Income $139,560
- Net Operating Income $86,198
Additional Features
- 8 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/25/2025 03/25/25 | Sold | $1,905,000 | -11.4% | $329 / Sq Ft |
| 03/05/2025 03/05/25 | Pending | -- | -- | -- |
| 02/10/2025 02/10/25 | For Sale | $2,150,000 | -- | $371 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $12,635 | $768,467 | $319,439 | $449,028 |
| 2024 | $12,635 | $753,400 | $313,176 | $440,224 |
| 2023 | $12,381 | $738,629 | $307,036 | $431,593 |
| 2022 | $12,063 | $724,147 | $301,016 | $423,131 |
| 2021 | $11,819 | $709,949 | $295,114 | $414,835 |
| 2019 | $11,353 | $688,893 | $286,361 | $402,532 |
| 2018 | $11,095 | $675,387 | $280,747 | $394,640 |
| 2016 | $10,619 | $649,163 | $269,847 | $379,316 |
| 2015 | $10,410 | $639,413 | $265,794 | $373,619 |
| 2014 | $10,351 | $626,889 | $260,588 | $366,301 |
Source: Public Records
Agents Affiliated with this Home
-
Lynne Tran
-
Casey Picard
Buyer's Agent in 2025
Casey Picard
Keller Williams Realty
(626) 376-9233
1 in this area
25 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PF25030671
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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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