Two-Story Income Property with
400 Prospect Avenue Monrovia, CA 91016
New
For Sale
$2,050,000
MULTI_FAMILY - Other - Monrovia, CA
Property Size4,208 SF
Lot Size0.24 Acres
Price / SF$487.17
Days on Market1
Property Features for 400 Prospect Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 6, Bedroom 4, Laundry Room, Bedroom 1, Den, Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 2, Family Room, Bathroom 1
- Parking
- 3
- Parking features
- Garage, Driveway, Carport
- Patio and Porch features
- Patio
- Interior features
- Storage, In-Law Floorplan
- Standard status
- Active
- APN
- 8518020043
- Size
- 4,208 SF
- Lot size
- 0.24 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1946
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Other
- Additional Structures
- Storage
Listing Agency:
High Ten Partners, Inc.
(626) 289-6660
Listed By:
Peter Kam · License #01041240
(626) 289-6660
Added: Jul 23
Last Checked: Jul 23 at 11:06PM
MLS# AR26161408
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 two-story residential income property offers two full residences and a permitted junior ADU. The upper residence provides three bedrooms and two bathrooms, along with a spacious family room and a central ante room. The lower residence includes a bedroom and full bath, family room, kitchen with island, dedicated laundry room, and a large storage room. The junior ADU on the lower level features its own private entrance, kitchen, den, bedroom, and a three-quarter bath. Central heat and air are provided throughout.
Set on a corner lot, the property includes a detached two-car garage, a carport, and a covered patio, with mature landscaping and a fountain.
The configuration is suited to owner-occupancy with rental income or holding as an income property, with multiple separate living options under one roof.
Set on a corner lot, the property includes a detached two-car garage, a carport, and a covered patio, with mature landscaping and a fountain.
The configuration is suited to owner-occupancy with rental income or holding as an income property, with multiple separate living options under one roof.
Key Highlights
- 1946 two‑story home with two full residences plus a permitted 455 sq ft junior ADU
- Total 4,208 sq ft living space on a 10,451 sq ft corner lot at Prospect Ave and Hill St
- Upper residence: 2,338 sq ft with 3 bedrooms, 2 baths, spacious family room, and central ante room
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.6k | $27.00 |
| − Vacancy | −$8.6k | −$2.05 |
| EGI | $105.0k | $24.95 |
| − OpEx | −$31.5k | −$7.48 |
| NOI | $73.5k | $17.46 |
4,208 SF · lease $27.00/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$918.6K – $1.22M
NOI $73,487 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$967.3K
$846.4K – $1.13M
NOI $67,710 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,706 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Here to Serve
Charitable Organization
FAQs
What type of property is this?
Triplex - Two full residences plus a permitted junior ADU are located within a two-story home on a corner lot.
Where is this triplex located?
The property is located at 400 Prospect Avenue Monrovia, CA.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: 1946 two‑story home with two full residences plus a permitted 455 sq ft junior ADU; Total 4,208 sq ft living space on a 10,451 sq ft corner lot at Prospect Ave and Hill St; Upper residence: 2,338 sq ft with 3 bedrooms, 2 baths, spacious family room, and central ante room
