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Monrovia, CA

Apartment Building

Monrovia, CA Apartment Buildings for Sale

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Arcadia, CA Duarte, CA Bradbury, CA Irwindale, CA Sierra Madre, CA El Monte, CA Temple City, CA Pasadena, CA

Monrovia Multifamily Investment Opportunity

Updated: Mar 25

Monrovia Multifamily Investment Opportunity

729 West Foothill Boulevard, Monrovia, CA 91016

$7,600,000

20,160 sqft 1.03 AC lot

Favorable assumable debt at a 2.95% interest‑only rate until November 2030, offering immediate cash flow benefits.
Attractive 7.40% Cash‑on‑Cash return on current income, with potential to reach 10.03% on pro forma income with loan assumption.
Significant rental upside (16%) and operational improvement opportunities to increase Net Operating Income (NOI).
Pristinely maintained 32‑unit apartment complex with consistent high occupancy in a supply‑constrained submarket.
Desirable Monrovia location near major freeways (210, 605, 134, 10), excellent schools, and key amenities (shopping, dining, entertainment).

This listing looks promising.

Here's a quick look at some key insights for

729 West Foothill Boulevard, Monrovia, CA, 91016

View Property Analytics

Est. Cap Rate

4.3%
NOI ÷ price
Est. NOI

$324K
Annual
Mortgage

$3.47M
Nov 2020
Property Type

Apartment House
Built 1958

View Property Analytics

Monrovia Multifamily Investment Opportunity

Updated: Mar 10

Monrovia Multifamily Investment Opportunity

624 W Foothill Blvd, Monrovia, CA 91016

Contact for pricing

4,400 sqft

Significant Rental Upside: Current rents average $1,700/month, with market rents exceeding $2,100/month.
100% Occupied: Ensuring immediate cash flow.
Flexible Financing/Exit: Two separately parceled 4‑unit buildings.
Recent Capital Improvements: Including new roofing, exterior paint, and landscaping.
Desirable Location: In the sought‑after Monrovia submarket near Old Town Monrovia.

Apartment Complex with Detached Bungalows

Apartment Complex with Detached Bungalows

424 E Foothill Boulevard, Monrovia, CA 91016

Contact for pricing

Multifamily property with varied layouts, private garages, and on-site laundry.

Mixed-Use Building with 41 Units

Mixed-Use Building with 41 Units

501 S Myrtle Ave, Monrovia, CA 91016

Contact for pricing

Three-level mixed-use building with 41 units, offering multiple income streams for investors or owner-operators.

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 77 Potential Opportunities for your consideration. Besides 4 Active listings in Monrovia, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Garden-Style 5-Unit Apartment Property

Garden-Style 5-Unit Apartment Property

156-164 N. Baldwin Avenue, Sierra Madre, CA 91024

Contact for pricing

4,017 sqft 0.33 AC lot

Five-unit hillside property with four 1-bedroom apartments and an owner’s 4-bedroom home on R3-zoned land.

Turn-Key 8-Unit Apartment Building

Turn-Key 8-Unit Apartment Building

219 California St, Arcadia, CA 91006

Contact for pricing

8,577 sqft

Turn-key 8-unit apartment building with fully upgraded systems, in-unit laundry, and separate utility metering.

Mixed-Use Building with Courtyard Retail

Mixed-Use Building with Courtyard Retail

38 West Sierra Madre Blvd, Sierra Madre, CA 91024

Contact for pricing

18,349 sqft 0.74 AC lot

Two-story mixed-use property features courtyard retail suites and studio apartments above.

Five-Unit Apartment Building with Pool

Five-Unit Apartment Building with Pool

2548 Mayflower Ave, Arcadia, CA 91006

Contact for pricing

4,960 sqft 0.29 AC lot

Arcadia property with permitted new construction, on-site parking, and a fenced backyard with pool and covered patio.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Entitled Income-Restricted Housing Project

Entitled Income-Restricted Housing Project

3812 W Adams Blvd, Los Angeles, CA 90018

$3,900,000

15,359 sqft 0.35 AC lot

Entitled 106-unit income-restricted housing project with RTI permits.

Off-Market Properties in Monrovia, CA

Consider similar Off-Market properties in Monrovia, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

1835 Alta Vis Ave

APARTMENT HOUSE (5+ UNITS)

1835 Alta Vis Ave, Monrovia, CA 91016-4779

Value Estimation by Request

6,339 sqft 0.34 AC lot

123 Cypress Ave

APARTMENT HOUSE (5+ UNITS)

123 Cypress Ave, Monrovia, CA 91016-4154

$1,060,000

Estimated value

5,280 sqft 0.21 AC lot

916 Duarte Rd

APARTMENT HOUSE (5+ UNITS)

916 Duarte Rd, Monrovia, CA 91016-4300

$2,335,000

Estimated value

6,626 sqft 0.28 AC lot

728 Foothill Blvd

APARTMENT HOUSE (5+ UNITS)

728 Foothill Blvd, Monrovia, CA 91016-1902

$525,000

Estimated value

4,460 sqft 0.27 AC lot

125 Olive Ave

APARTMENT HOUSE (5+ UNITS)

125 Olive Ave, Monrovia, CA 91016-3401

Value Estimation by Request

60,675 sqft 1.44 AC lot

150 Colorado Blvd

APARTMENT HOUSE (5+ UNITS)

150 Colorado Blvd, Monrovia, CA 91016-2866

Value Estimation by Request

50,625 sqft 0.39 AC lot

150 Colorado Blvd

APARTMENT HOUSE (5+ UNITS)

150 Colorado Blvd, Monrovia, CA 91016-2866

Value Estimation by Request

50,625 sqft 0.88 AC lot

1232 Mayflower Ave

APARTMENT HOUSE (5+ UNITS)

1232 Mayflower Ave, Monrovia, CA 91016-4071

Value Estimation by Request

4,716 sqft 0.52 AC lot

912 Genoa St

APARTMENT HOUSE (5+ UNITS)

912 Genoa St, Monrovia, CA 91016-4374

$3,245,000

Estimated value

9,096 sqft 0.35 AC lot

120 Violet Ave

APARTMENT HOUSE (5+ UNITS)

120 Violet Ave, Monrovia, CA 91016-2687

$250,000

Estimated value

4,324 sqft 0.23 AC lot

116 Violet Ave

APARTMENT HOUSE (5+ UNITS)

116 Violet Ave, Monrovia, CA 91016-2686

$250,000

Estimated value

4,334 sqft 0.23 AC lot

609 Foothill Blvd

APARTMENT HOUSE (5+ UNITS)

609 Foothill Blvd, Monrovia, CA 91016-2037

$1,570,000

Estimated value

5,790 sqft 0.21 AC lot

1720 5th Ave

APARTMENT HOUSE (5+ UNITS)

1720 5th Ave, Monrovia, CA 91016-3808

$635,000

Estimated value

4,975 sqft 0.44 AC lot

136 Cypress Ave

APARTMENT HOUSE (5+ UNITS)

136 Cypress Ave, Monrovia, CA 91016-4163

$770,000

Estimated value

4,093 sqft 0.22 AC lot

342 Olive Ave

APARTMENT HOUSE (5+ UNITS)

342 Olive Ave, Monrovia, CA 91016-1184

$255,000

Estimated value

5,244 sqft 0.37 AC lot

725 Duarte Rd

APARTMENT HOUSE (5+ UNITS)

725 Duarte Rd, Monrovia, CA 91016-4334

$4,375,000

Estimated value

15,280 sqft 0.50 AC lot

201 Myrtle Ave, Unit F

APARTMENT HOUSE (5+ UNITS)

201 Myrtle Ave, Monrovia, CA 91016-2253

Unit F

$710,000

Estimated value

9,450 sqft 0.32 AC lot

443 Linwood Ave

APARTMENT HOUSE (5+ UNITS)

443 Linwood Ave, Monrovia, CA 91016-6777

$1,285,000

Estimated value

7,300 sqft 0.44 AC lot

765 Walnut Ave

APARTMENT HOUSE (5+ UNITS)

765 Walnut Ave, Monrovia, CA 91016-3134

$720,000

Estimated value

5,976 sqft 0.23 AC lot

428 Foothill Blvd

APARTMENT HOUSE (5+ UNITS)

428 Foothill Blvd, Monrovia, CA 91016-2384

$895,000

Estimated value

5,140 sqft 0.21 AC lot

Monrovia, CA Apartment Buildings Market Trends and Statistics

Explore 72 apartment buildings for sale in Monrovia, CA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 24,560 square feet of properties for sale, with an estimated market value of $7,600,000.

Sale prices for two-family homes in Monrovia, CA average $7,600,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 42K

Population Growth (5Y) +0.1%

Median Household Income $99,555

College Educated 30.7%

High-Yield Neighborhoods for Investment

Identify Monrovia submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
91016	$7.6M

Taxes & Financing

Tax Rate (average for all types) 1.41%

Property Tax per SF $11.24 per SF

Tax Rate vs County Average 0.17 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Los Angeles County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Los Angeles County

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Monrovia fall within the 5,000 to 10,000 square foot range.

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