Multifamily
231 E Maple, Monrovia, CA 91016
For Sale
$2,000,000
The 1963-built property has wall/window units and wall furnace heating.
Property Size4,625 SF
Days on Market51
Property Features for 231 E Maple
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Net Operating Income
Amenities
Street Lights, Suburban, Sidewalks
Wall/Window Unit(s)
Wall Furnace
Mountain(s), Neighborhood
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
CENTURY 21 ADAMS & BARNES
Listed By:
MICAH ADAMS · License CA #01427306
(626) 589-3870
Source:
Evrealestate
Added: Sep 24
Changed: Nov 6
Last Checked: Nov 12 at 7:20AM
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 CENTURY 21 ADAMS & BARNES
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Investment Insights
Based on property information with market context.
This multifamily property was built in 1963 and has wall/window units and wall furnace heating. The listed interior features also include “None,” which does not identify an additional improvement.
The property is at 231 E Maple in Monrovia, California. Mountain and neighborhood views are noted, and the directions place it north of Huntington.
The property is at 231 E Maple in Monrovia, California. Mountain and neighborhood views are noted, and the directions place it north of Huntington.
Key Highlights
- Built in 1963
- Wall/window units and wall furnace heating
- Mountain and neighborhood views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,420
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,488,400
$1.5M
Cap Rate 7%
$1,063,143
$1.1M
Cap Rate 9%
$826,889
$826.9K
Market Conditions
NOI Build-Up for 4,625 SF
Gross rent
$147.1K $31.80/SF
− Vacancy
−$11.8K −$2.54/SF
EGI
$135.3K $29.26/SF
− OpEx
−$60.9K −$13.17/SF
NOI
$74.4K $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%
$1,488,400
Cap Rate 7%
$1,063,143
Cap Rate 9%
$826,889
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$930.3K – $1.24M
NOI $74,420 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,334 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,243
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 Multifamily properties in Monrovia, CA
Properties on Market for Multifamily properties in Monrovia
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - The 1963-built property has wall/window units and wall furnace heating.
Where is this multifamily property located?
The property is located at 231 E Maple Monrovia, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Built in 1963; Wall/window units and wall furnace heating; Mountain and neighborhood views
