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    709 S Magnolia Ave Monrovia, CA 91016

    View on Map
    Sponsored
    For Sale
    $1,200,000

    Craftsman,Traditional, Triplex - Monrovia, CA

    Type:Triplex
    Property size:
    1,909 SF
    Lot size:
    8,166.00 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 11 at 1:06 pm

    Property Features for 709 S Magnolia Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Zoning
    MORM
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    3
    APN
    8506002003
    Parking
    10
    Parking features
    Assigned
    Exterior features
    Community Features Included: Curbs, Hiking, Foothills, Suburban, Park, 0-1 Unit/Acre, Front Yard, Flag Lot
    Size
    1,909 SF
    Lot size
    8,166.00 Acres

    Utilities

    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1924
    Floors in Building
    1
    Number of units
    3
    Roof type
    Composition
    Architectural style
    Craftsman

    We can help!

    Listing Contact
    Ann Blanco
    Ann Blanco

    Southland Properties (626) 914-6999

    Listing agent Ann Blanco (626) 914-6999 License #01374800

    Listing date Mar 10, 2026

    MLS# CV26049611 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Monrovia Triplex Near Old Town

    This Monrovia triplex features three distinct units and is located a short distance from Old Town Monrovia, the Metro A Line station, shops, restaurants, the Monrovia Public Library, and the I-210 Freeway. Situated on an 8,163 square foot lot, the property includes 1,909 square feet of living area across three buildings. Each unit is separately metered and includes in-unit laundry hookups. Monrovia is a 2024 All-America City Award winner nestled at the foothills of the San Gabriel Mountains. The front unit is a craftsman-style bungalow with a white picket fence and covered front porch. Unit #1 is the largest, with approximately 1,100 square feet, 2 bedrooms, 1 bath, and 4 parking spaces. Unit 2 is approximately 800 square feet with 1 bedroom, 1 bath, and 2 parking spaces. Unit #3 is approximately 500 square feet with 1 bedroom, 1 bath, and 2 parking spaces. There is also a 2-car garage on the property currently used by the landlord, which may present an ADU opportunity to add a fourth unit and additional income or rent out the garage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monrovia
    County
    Los Angeles
    State
    California
    Longitude
    -118.00556
    Latitude
    34.144335

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    FAQs

    What type of property is this?
    Triplex - Triplex in Monrovia near Old Town, shops, and transportation.
    Where is this triplex located?
    The property is located at 709 S Magnolia Ave Monrovia, CA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Triplex in desirable Monrovia location, near Old Town, Metro A Line, shops, restaurants, and library.; - Three separate units, each separately metered with in-unit laundry hookups.; - Generous 8,163 SF lot with a total of 1,909 SF of living area across 3 buildings.
    (626) 201-2225
    Request Owner's contact information
    709 S Magnolia Ave Monrovia, CA 91016
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    Monrovia, CA 91016
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    709 S Magnolia Ave Monrovia, CA 91016
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    We can help!
    Listing Contact
    Ann Blanco
    Ann Blanco
    Real Estate License ID: 01374800
    (626) 201-2225 (626) 914-6999
    Learn more
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