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!
Sold for $1,905,000 on 03/25/25
Listing Provided by:
Lynne Tran DRE #01845360 626-627-9015,
Magnolia Realty
$1,905,000
609 W Foothill Blvd, Monrovia, CA 91016
--beds
--baths
5,790sqft
Multi Family
Built in 1953
-- sqft lot
$1,884,500 Zestimate®
$329/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: March 26, 2025 at 12:34pm
Listing Provided by:
Lynne Tran DRE #01845360 626-627-9015,
Magnolia Realty
Bought with:
Casey Picard, DRE #01921866
Keller Williams Realty
Source: CRMLS,MLS#: PF25030671
Originating MLS: California Regional MLS

Facts & features
Interior
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Common Area, Laundry Room
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 5,790
- Total interior livable area: 5,790 sqft
Property
Parking
- Total spaces: 8
- Parking features: Assigned
- Garage spaces: 8
Features
- Levels: Two
- Stories: 2
- Entry location: 2 story
- Pool features: None
Lot
- Size: 9,145 sqft
- Features: Near Park, Near Public Transit, Rectangular Lot
Details
- Parcel number: 8504015017
- Zoning: MORH*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1953
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Storm Drain(s), Street Lights, Sidewalks, Park
Location
- Region: Monrovia
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,884,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,884,500