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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

    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!

    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#: PF25030671MLS LogoOriginating 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