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18-Unit Multifamily Property

137 N Myrtle Ave Monrovia, CA 91016

137 N Myrtle Ave, Monrovia, CA, 91016
$5,695,000
For Sale
$5,695,000

For sale 18-unit multifamily spread across four buildings with mostly two-bedroom apartments and in-unit upgrades.

Lot Size0.75 Acres
Days on Market111

Property Features for 137 N Myrtle Ave

General Information

Standard status
Active
Lot size
0.75 Acres
Property subtype
Multifamily
Listing agency Encino Office
Listed by Rick E. Raymundo · License #CA: 01357019
Source Marcusmillichap
Added: Apr 3 Updated: Jul 21 at 10:34PM Checked: Jul 21 at 10:34PM

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 Encino Office


Investment Insights

Based on property information with market context.

Offered for sale is an 18-unit multifamily property comprising four separate buildings: 137 and 147 N Myrtle Avenue, along with 146 and 148 Stedman Place. The property is situated across three parcels and covers a combined block-to-block area of 32,485 square feet.

The unit mix is described as mostly two-bedroom apartments. Many units have been upgraded with remodeled bathrooms, updated kitchen appliances, and new wood flooring, with select units featuring upgraded electrical panels and in-unit washer/dryers.

The property is located near the Old Town Monrovia business district, which runs along Myrtle Avenue, one block south of the property, and is designated as a “Walker’s Paradise” with a Walk Score of 92, reflecting walkability in an urban-style setting within a suburban community.

Key Highlights

  • 18‑unit multifamily property spread across four buildings at 137 and 147 N Myrtle Ave, plus 146 and 148 Stedman Pl
  • Three‑parcel site totals 32,485 SF of block‑to‑block land area
  • Mostly two‑bedroom unit mix across the property

Property Analytics

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Parking Lot & Garage Grocery & Convenience Store Storage Facility Food Market (Bike/Boat/Book/etc) Store Cosmetic Store Catering Service (Bike/Boat/Book/etc) Store Butcher Tech Support Center

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

FAQs

What type of property is this?
Apartment building - For sale 18-unit multifamily spread across four buildings with mostly two-bedroom apartments and in-unit upgrades.
Where is this apartment building located?
The property is located at 137 N Myrtle Ave Monrovia, CA.
What is the asking price?
The asking price for this property is $5,695,000.
What are key features of this property?
This property features: 18‑unit multifamily property spread across four buildings at 137 and 147 N Myrtle Ave, plus 146 and 148 Stedman Pl; Three‑parcel site totals 32,485 SF of block‑to‑block land area; Mostly two‑bedroom unit mix across the property
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