609 W Foothill Boulevard

Monrovia, CA 91016

  • 0 Bed(s)
  • 0 Bath(s)
  • 5,790 Sqft
  • 9145
    Sqft(Lot)
$2,150,000

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!

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48598270

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Fireplace: None

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1953
    • Building Area Total: 5,790

    Pool Features

    • None

    Laundry Features

    • Common Area,Laundry Room

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2099
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 9145

  • Listing Price Information

    • Original List Price: 2,150,000
    • Listing Contract Date: 2025-01-29

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 8504015017

  • Garage and Parking

    • Garage Description: Assigned

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 639 - Monrovia
    • Postal Code Plus 4: 2037
    • Directions: between Highland Pl and Violet Ave
    • Zoning: MORH*
    • Source Property Type: Residential Income
    • Area: 639 - Monrovia
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 72
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Public Records
    • Entry Level: 2
    • Entry Location: 2 story
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 02/21/2025 @ 10:48

  • MLS: PF25030671
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 5,790 sqft, 9,145 sized lot, and 8 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Monrovia , in zip code 91016, this Los Angeles County Home are nearby neighborhoods.