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Apartment Complex with Detached Bungalows
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424 E Foothill Boulevard, Monrovia, CA 91016

Multifamily property with varied layouts, private garages, and on-site laundry.

Property SizeContact for details
Days on Market186

Property Features for 424 E Foothill Boulevard

General Information

Standard status Active
Property subtype Multifamily
Zoning Public Rec

Units

Unit Mix 3 x 1BR/1BA, 2 x 2BR/1BA, 2 x 2BR/2BA
Multifamily Units 7

Amenities

on-site laundry
in-unit washer/dryer
forced air heating
central air conditioning
tankless water heaters
solar systems
private fenced patio
mini-split heating and air conditioning

Building Details

Buildings 3
Units 7
Listing Agency: COMPASS
Listed By: Jim Rock · License #01057765
Source: Crexi
Added: Feb 27 Changed: Aug 31 Last Checked: Aug 30 at 11:14PM

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 COMPASS

Investment Insights

Based on property information with market context.

This 7-unit multifamily property comprises three buildings: a primary 5-unit structure and two detached bungalow residences. The unit mix includes three 1-bedroom/1-bath apartments, two 2-bedroom/1-bath apartments, and two 2-bedroom/2-bath bungalows. Single-car garages serve the 1-bedroom and 2-bedroom/1-bath units, while a shared laundry room provides an additional income source.

Constructed approximately five years ago, the bungalow units include stacked washers and dryers, forced-air heating, central air conditioning, tankless water heaters, and fully paid solar systems. One bungalow adds a large private fenced patio. The 2-bedroom/1-bath units have mini-split heating and air conditioning, and the main building features upgraded electrical panels and five single-car garages. The property is located at 424 E Foothill Boulevard in Monrovia, California, and is zoned Public Rec.

Key Highlights

  • 7‑unit property with a 5‑unit main building and two detached bungalow units
  • Unit mix includes three 1‑bedroom/1‑bath, two 2‑bedroom/1‑bath, and two 2‑bedroom/2‑bath residences
  • Two bungalow units constructed approximately five years ago

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Storage Facility (Bike/Boat/Book/etc) Store Locksmith Grocery & Convenience Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units

Location Intelligence

Trade Area within ½ mile

1,467
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with varied layouts, private garages, and on-site laundry.
Where is this apartment building located?
The property is located at 424 E Foothill Boulevard Monrovia, CA.
What is the asking price?
The asking price for this property is $2,988,000.
What are key features of this property?
This property features: 7‑unit property with a 5‑unit main building and two detached bungalow units; Unit mix includes three 1‑bedroom/1‑bath, two 2‑bedroom/1‑bath, and two 2‑bedroom/2‑bath residences; Two bungalow units constructed approximately five years ago
(626) 484-7006 Call to check price and availability
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