HN
Herman Nijjar
Compass
(949) 674-3738
15 Total Sales
1 in Monrovia
$1,850,000 Price
609 W Foothill Blvd Monrovia, CA 91016
Monrovia Area
3
Beds
2
Baths
5,790
Sq Ft
9,145
Sq Ft Lot
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 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
LPT Realty Brokerage Phone: 626-627-9015 License #01845360 Listed on: 02/10/2025
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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
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Monrovia, CA
-
Herman Nijjar
-
Giusy Mele-Brown
Giusy Mele-Brown
BHHS California Properties
(626) 313-3578
59 Total Sales
1 in Monrovia
$1,099,000 Price
-
Marcille Dilsaver Hughes
Marcille Dilsaver Hughes
BHHS California Properties
(323) 310-4703
40 Total Sales
2 in Monrovia
$1,459,000 Price Range
-
Anna Mckinley
Anna Mckinley
Beverly & Company Luxury Properties
(424) 268-8551
16 Total Sales
1 in Monrovia
$820,000 Price
-
Tracy Macrum
Tracy Macrum
COMPASS
(213) 267-3143
26 Total Sales
2 in Monrovia
$1.1M - $1.4M Price Range
-
Janice Shin
Janice Shin
Pinnacle Real Estate Group
(626) 900-1562
12 Total Sales
1 in Monrovia
$1,505,000 Price
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
Agents Affiliated with this Home
-
Lynne Tran
Seller's Agent in 2025
Lynne Tran
LPT Realty
(626) 789-0159
30 Total Sales
-
Casey Picard
Buyer's Agent in 2025
Casey Picard
Keller Williams Realty
(626) 376-9233
26 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PF25030671
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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