Multifamily Property with Private
New
For Sale
$799,000
203 Benrud Street, Monrovia, CA 91016
Monrovia, CA
Property Size1,588 SF
Lot Size0.14 Acres
Price / SF$503.15
Days on Market6
Property Features for 203 Benrud Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
LCR115000*
Rooms
Laundry Room
Parking
6
Lot features
Corner Lot, Level with Street, Landscaped, Sprinkler System, Lawn
Elementary school district
Monrovia Unified
Middle school district
Monrovia Unified
High school district
Monrovia Unified
Directions
South of 210 Freeway, on the corner of Myrtle and Benrud
Subdivision
639 - Monrovia
Standard status
Active
APN
8534016012
Size
1,588 SF
Lot size
0.14 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1951
Floors in Building
1
Number of units
2
Listing Agency:
Keller Williams R. E. Services · Keller Williams Realty
(818) 432-3200
Listed By:
Armen Simonian · License #00931297
(818) 388-4468
Added: Oct 7
Last Checked: Oct 12 at 7:06PM
MLS# GD26215225
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.
Investment Insights
Based on property information with market context.
This 1,588-square-foot multifamily property on a 0.1388-acre lot was built in 1951 and is vacant. The front house has two bedrooms, one bathroom, a side yard, a private garage, and its own driveway. A separate rear space is also described with two bedrooms and one bathroom; it lacks final permits as a unit according to city records. A garage conversion is described as one bedroom and two bathrooms, but was completed without city permits.
Recent work in the upstairs space includes vinyl flooring, tile kitchen cabinets, a sink and faucet with under-sink piping, interior paint, and a vinyl living room window. The property also has a new water heater and electrical panels and conduits serving the described spaces. One gas, electric, and water meter serves the property. Public water and sewer are available. Zoning is LCR115000*.
Recent work in the upstairs space includes vinyl flooring, tile kitchen cabinets, a sink and faucet with under-sink piping, interior paint, and a vinyl living room window. The property also has a new water heater and electrical panels and conduits serving the described spaces. One gas, electric, and water meter serves the property. Public water and sewer are available. Zoning is LCR115000*.
Key Highlights
- 1,588 square feet on a 0.1388‑acre lot
- Built in 1951; property is vacant
- Front house has 2 bedrooms, 1 bathroom, side yard, private garage, and its own driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,552
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,040
$511.0K
Cap Rate 7%
$365,029
$365.0K
Cap Rate 9%
$283,911
$283.9K
Market Conditions
NOI Build-Up for 1,588 SF
Gross rent
$50.5K $31.80/SF
− Vacancy
−$4.0K −$2.54/SF
EGI
$46.5K $29.26/SF
− OpEx
−$20.9K −$13.17/SF
NOI
$25.6K $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%
$511,040
Cap Rate 7%
$365,029
Cap Rate 9%
$283,911
Alternative Uses
Best Use
Apartment 5plus
$365.0K
$319.4K – $425.9K
NOI $25,552 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$850.2K
$743.9K – $991.9K
NOI $59,515 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
320
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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - The property is vacant and includes separate residential structures with distinct layouts and recent interior and systems updates.
Where is this multifamily property located?
The property is located at 203 Benrud Street Monrovia, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 1,588 square feet on a 0.1388‑acre lot; Built in 1951; property is vacant; Front house has 2 bedrooms, 1 bathroom, side yard, private garage, and its own driveway
