12-Unit Apartment
New
For Sale
$3,995,000
425 Linwood Ave, Monrovia, CA 91016
Residential Income, Chalet, Monrovia, CA
Property Size10,798 SF
Lot Size0.40 Acres
Price / SF$369.98
Days on Market2
Property Features for 425 Linwood Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MORH*
Bedrooms
22
Bathrooms
20
Full bathrooms
7
Rooms
Bedroom 13, Bedroom 3, Bathroom 9, Bathroom 4, Bedroom 12, Bathroom 14, Bedroom 17, Bedroom 20, Bedroom 7, Bathroom 17, Bedroom 18, Bedroom 15, Bathroom 11, Bedroom 22, Bathroom 7, Bathroom 19, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 14, Bathroom 10, Bathroom 1, Bathroom 6, Bathroom 20, Bathroom 18, Bedroom 21, Bedroom 8, Bedroom 10, Bedroom 4, Bathroom 15, Bedroom 11, Bedroom 2, Bathroom 8, Bathroom 12, Bathroom 13, Bedroom 16, Bathroom 16, Bathroom 3, Bedroom 1, Bedroom 9, Bathroom 5, Bedroom 19
Parking
17
Parking features
Carport
View
Hills
Directions
West of Myrtle, south of Foothill
Subdivision
Monrovia
Standard status
Active
APN
8505-010-031
Size
10,798 SF
Lot size
0.40 Acres
Amenities
on-site laundry
Building Details
Year built
1978
Floors in Building
2
Number of units
12
Architectural style
Other
Listing Agency:
Keller Williams Beverly Hills · Keller Williams Realty
(310) 432-6400
Listed By:
Morgan Mcmullin · License #01716570
(424) 231-5635
Added: Sep 14
Last Checked: Sep 15 at 3:06AM
MLS# 26988211
Copyright © 2026 The MLS/CLAW. 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.
Built in 1978, this 12-unit apartment property contains 10,798 square feet of building area on a 17,250-square-foot lot. The property includes owner-owned laundry and 17 on-site parking spaces, with carport parking identified among the site features. It is zoned MORH* and is located at 425 Linwood Ave in Monrovia, California.
The surrounding street is characterized by single-family homes and mature trees. The property is near local shopping, dining, and transportation corridors, with access to the 210 and 605 Freeways. Its Monrovia location places the property within reach of Pasadena, Downtown Los Angeles, and employment centers throughout the San Gabriel Valley.
The surrounding street is characterized by single-family homes and mature trees. The property is near local shopping, dining, and transportation corridors, with access to the 210 and 605 Freeways. Its Monrovia location places the property within reach of Pasadena, Downtown Los Angeles, and employment centers throughout the San Gabriel Valley.
Key Highlights
- 12‑unit apartment complex built in 1978
- 10,798 gross square feet on a 17,250‑square‑foot lot
- 17 on‑site parking spaces with carport parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$173,748
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,474,960
$3.5M
Cap Rate 7%
$2,482,114
$2.5M
Cap Rate 9%
$1,930,533
$1.9M
Market Conditions
NOI Build-Up for 10,798 SF
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.
Gross rent
$343.4K $31.80/SF
− Vacancy
−$27.5K −$2.54/SF
EGI
$315.9K $29.26/SF
− OpEx
−$142.2K −$13.17/SF
NOI
$173.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,474,960
Cap Rate 7%
$2,482,114
Cap Rate 9%
$1,930,533
Alternative Uses
Best Use
Apartment 5plus
$2.48M
$2.17M – $2.90M
NOI $173,748 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.78M
$5.06M – $6.74M
NOI $404,685 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
12
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,058
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - On-site laundry and resident carport parking serve a multifamily property in Monrovia.
Where is this apartment building located?
The property is located at 425 Linwood Ave Monrovia, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 12‑unit apartment complex built in 1978; 10,798 gross square feet on a 17,250‑square‑foot lot; 17 on‑site parking spaces with carport parking
