Remodeled End-Unit Residential
124 W Cherry, Monrovia, CA 91016
For Sale
Contact for pricing
Monrovia, CA
Property Size800 SF
Lot Size0.22 Acres
Price / SF$3.25
Days on Market67
Property Features for 124 W Cherry
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Pets allowed
Lot features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Utilities
Sewer type
Water source
Amenities
laundry hook ups
wall AC unit
shared backyard
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Keller Williams Realty
(626) 233-6427
Listed By:
Sheiline Lam · License CA #01268830
(626) 375-1931
Added: Sep 9
Changed: Nov 13
Last Checked: Nov 14 at 4:06AM
MLS# AR26198099
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.
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Investment Insights
Based on property information with market context.
This remodeled end-unit residential income property at 124 W Cherry in Monrovia offers 800 square feet with two bedrooms and one bathroom. Improvements include a renovated kitchen and bathroom, a kitchen laundry hookup, and a wall-mounted AC unit in the living room. The interior includes a kitchen, laundry area, two bedrooms, and a bathroom, with a flowing layout and abundant natural light.
The property was built in 1951 and sits on a 0.2178-acre lot. Parking is provided by one carport space, while the backyard is shared. Public water and public sewer serve the property.
The property was built in 1951 and sits on a 0.2178-acre lot. Parking is provided by one carport space, while the backyard is shared. Public water and public sewer serve the property.
Key Highlights
- Remodeled kitchen and bathroom
- 800 square feet with 2 bedrooms and 1 bathroom
- End‑unit layout with wall AC in living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,873
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,460
$257.5K
Cap Rate 7%
$183,900
$183.9K
Cap Rate 9%
$143,033
$143.0K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$25.4K $31.80/SF
− Vacancy
−$2.0K −$2.54/SF
EGI
$23.4K $29.26/SF
− OpEx
−$10.5K −$13.17/SF
NOI
$12.9K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,460
Cap Rate 7%
$183,900
Cap Rate 9%
$143,033
Alternative Uses
Best Use
Apartment 5plus
$183.9K
$160.9K – $214.6K
NOI $12,873 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$428.3K
$374.8K – $499.7K
NOI $29,982 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,807
Businesses Nearby
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Business Placement
Demographics for 91016, CA
41,852
Population
16,171
Households
2.6
Avg Household Size
41
Median Age
44%
College-Educated
90%
High-School Grad
8.5 sq mi
ZIP Area
4,924
Density / Sq Mi
$99,555
Median Household Income
$51,120
Median Earnings
$2,008
Median Rent
$874,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Monrovia, CA
Properties on Market for Residential income properties in Monrovia
Frequently Asked Questions
What type of property is this?
Residential income property - Updated two-bedroom residence with in-kitchen laundry hookups, carport parking, and access to a shared backyard.
Where is this residential income property located?
The property is located at 124 W Cherry Monrovia, CA.
What are key features of this property?
This property features: Remodeled kitchen and bathroom; 800 square feet with 2 bedrooms and 1 bathroom; End‑unit layout with wall AC in living room
