Remodeled Four-Unit
For Sale
$1,880,000
Pending
127 W Cherry, Monrovia, CA 91016
Four income units include a detached home, two larger residences, and a permitted ADU with updated interiors and mechanical systems.
Property Size4,285 SF
Days on Market69
Property Features for 127 W Cherry
General Information
Standard status
Pending
Size
4,285 SF
Property subtype
Triplex
Units
Unit Mix
1 x 2BR/1.5BA, 2 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Building Size
4,285 SF
Year Built
1947
Listing Agency:
Dynasty Realty
Listed By:
King Lee · License #02009978
Source:
Archetyperealty
Added: Jul 14
Changed: Sep 4
Last Checked: Sep 20 at 11:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dynasty Realty
Investment Insights
Based on property information with market context.
This four-unit quadplex combines a detached two-bedroom residence, two three-bedroom units in a central building, and a permitted ADU converted from a garage. The front home measures 993 square feet, while the downstairs and upstairs residences provide 1,267 and 1,295 square feet, respectively. The 730-square-foot ADU was completed in 2023. Unit interiors feature remodeled kitchens and bathrooms, updated appliances, dual-pane windows, fresh interior paint, and abundant natural light.
Central AC and heat serve each of the three primary units, and the ADU has its own mini-split system. Water heaters were replaced three years ago. The upstairs unit includes a balcony with new decking and waterproofing. The property is located at 127 W Cherry in Monrovia, with access to the I-210 freeway and nearby shopping.
Central AC and heat serve each of the three primary units, and the ADU has its own mini-split system. Water heaters were replaced three years ago. The upstairs unit includes a balcony with new decking and waterproofing. The property is located at 127 W Cherry in Monrovia, with access to the I-210 freeway and nearby shopping.
Key Highlights
- Four‑unit quadplex with a 2‑bed/1.5‑bath detached front home
- Two central‑building residences offer 3 beds and 2 baths each
- Permitted 730 sqft ADU completed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,832
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,496,640
$1.5M
Cap Rate 7%
$1,069,029
$1.1M
Cap Rate 9%
$831,467
$831.5K
Market Conditions
NOI Build-Up for 4,285 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$115.7K $27.00/SF
− Vacancy
−$8.8K −$2.05/SF
EGI
$106.9K $24.95/SF
− OpEx
−$32.1K −$7.48/SF
NOI
$74.8K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,496,640
Cap Rate 7%
$1,069,029
Cap Rate 9%
$831,467
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$935.4K – $1.25M
NOI $74,832 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$985.0K
$861.9K – $1.15M
NOI $68,949 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$2.29M
$2.01M – $2.68M
NOI $160,592 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,807
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four income units include a detached home, two larger residences, and a permitted ADU with updated interiors and mechanical systems.
Where is this quadplex located?
The property is located at 127 W Cherry Monrovia, CA.
What is the asking price?
The asking price for this property is $1,880,000.
What are key features of this property?
This property features: Four‑unit quadplex with a 2‑bed/1.5‑bath detached front home; Two central‑building residences offer 3 beds and 2 baths each; Permitted 730 sqft ADU completed in 2023
