NOT LISTED FOR SALE

609 W Foothill Blvd Monrovia, CA 91016

Monrovia Area
3 Beds
2 Baths
5,790 Sq Ft
9,145 Sq Ft Lot

Sale Details

Date Sold: March 25, 2025

Last sale price $1,905,000 $329 Per Sq Ft

23 Days on Market

Highlights

  • Property is near park and public transit
  • Laundry Room
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window
  • Rectangular Lot

About This Home

As of March 2025

Prime 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

Lynne Tran

LPT Realty Brokerage Phone: 626-627-9015 License #01845360 Listed on: 02/10/2025

Last Buyer's Agent

Casey Picard

Keller Williams Realty License #01921866

Keller Williams Realty
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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

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

9,145 Sq Ft Lot

Parking

8

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 1146.00
  • Property Attached: Yes
  • Supplies Expense: 536.00
  • Water Sewer Expenses: 4800.00
  • Zoning: MORH*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 3057.00
  • Parcel Number: 8504015017
  • Year Built: 1953
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 329.02

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Individual Room
  • Pest Control Expense: 1111.00
  • Sewer: Public Sewer
  • Trash Expense: 3280.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 9145.00
  • Lot Size Acres: 0.2099

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 850 Square Feet
  • Electric Expense: 360.00
  • Fuel Expense: 360.00
  • Gross Income: 139560.00
  • Gross Scheduled Income: 136560.00
  • Insurance Expense: 14681.00
  • Laundry Income: 3000.00
  • Lot Size Area: 9145.0000 Square Feet
  • Maintenance Expense: 579.00
  • Net Operating Income: 86198.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 53363.00
  • Rent Control: No
  • Total Expenses: 30392.00

Tax Info

  • Tax Census Tract: 4303.02
  • Tax Lot: 9
  • Tax Tract Number: 430...

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2025
Closed on
Mar 19, 2025
Sold by
Bought by
Seller's Agent
Lynne Tran
LPT Realty
Buyer's Agent
Casey Picard
Keller Williams Realty
List Price
$2,150,000
Sold Price
$1,905,000
Premium/Discount to List
-$245,000
-11.4%
Views
6

Purchase Details

Closed on
Oct 30, 2024
Sold by
Bought by

Purchase Details

Closed on
Dec 6, 2002
Sold by
Bought by

Purchase Details

Closed on
May 18, 2000
Sold by
Bought by

Purchase Details

Closed on
Jun 21, 1999
Sold by
Bought by

Purchase Details

Closed on
Jun 13, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Monrovia, CA

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Purchase 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 Buyer Sale Price Title Company
$1,905,000 Ticor Title
-- None Listed On Document
-- None Listed On Document
-- None Listed On Document
-- Southland
$510,000 Chicago Title
-- --
-- Progressive Title Company
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
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

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 $12,964 $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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PF25030671

California Regional Multiple Listing Service (CRMLS)
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