16
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$1,905,000
$2,150,000 11.4%
Est. payment /mo
9,145 Sqft Lot
Sold on 03/25/2025
609 W Foothill BLD Monrovia, CA 91016
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Key Details
Sold Price $1,905,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRPF25030671
Year Built 1953
Lot Size 9,145 Sqft
Property Description
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!
Location
State CA
County Los Angeles
Area 639 - Monrovia
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry In Laundry Room, Laundry Area
Exterior
Parking Features Assigned Spaces
Garage Spaces 8.0
Pool None
Building
Water District - Public
Others
Special Listing Condition Not Applicable
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Listed by Lynne Tran • Magnolia Realty
Bought with Casey Picard
Bought with Casey Picard