609 W Foothill Boulevard, Monrovia, CA 91016

About this property

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!

Listing description from the March 2025 sale, as reported to CRMLS.

Sale history

$1,905,000

Sold March 2025 · listed $2,150,000, on market January 2025 · MLS #PF25030671 · Source: CRMLS

Listing Agent: Lynne Tran · Listing Office: Magnolia Realty · Contact: 626-627-9015 · Bought with: Casey Picard · Keller Williams Realty

Explore Monrovia