Multifamily Property with Bonus
For Sale
$1,398,888
615 /617 Wildrose, Monrovia, CA 91016
Front residence and rear rental units offer multiple living spaces with updated interiors, private laundry, and dedicated parking.
Property Size2,545 SF
Days on Market54
Property Features for 615 /617 Wildrose
General Information
Standard status
Active
Size
2,545 SF
Property subtype
Investment
Units
Unit Mix
1 x 3BR/2BA, 2 x 1BR, 1 x studio
Multifamily Units
4
Additional Details
Public Transit
No
Amenities
private laundry room
solar system
Building Details
Building Size
2,545 SF
Year Built
1910
Stories
2
Units
4
Listing Agency:
Berkshire Hathaway HomeServices California Properties
Listed By:
Debbie Pock · License #01024739
(626) 824-4114
Source:
Elliman
Added: Sep 12
Changed: Oct 29
Last Checked: Nov 4 at 1:31PM
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 Berkshire Hathaway HomeServices California Properties
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Investment Insights
Based on property information with market context.
This multifamily property combines a separate front residence with a rear triplex configuration that includes two one-bedroom units and a bonus studio. The front home offers three bedrooms and two bathrooms. Select interiors have been renovated with granite countertops, updated cabinetry, and upgraded bathrooms. Rear units feature wall heaters and wall-mounted air conditioning, while the front residence has central air and heat plus a tankless water heater.
A coded-access laundry room serves the three rear units. The property also includes a paid solar system installed in 2014 that supplies electricity to those units, along with landlord-owned refrigerators, stoves, and microwaves. Parking is provided on a pad with one space each for Units B and C. Built in 1910, the property is near Aldi, HomeGoods, and downtown Monrovia, with access to shopping and neighborhood amenities. The site is car-dependent, with a Walk Score of 5 and no nearby transit.
A coded-access laundry room serves the three rear units. The property also includes a paid solar system installed in 2014 that supplies electricity to those units, along with landlord-owned refrigerators, stoves, and microwaves. Parking is provided on a pad with one space each for Units B and C. Built in 1910, the property is near Aldi, HomeGoods, and downtown Monrovia, with access to shopping and neighborhood amenities. The site is car-dependent, with a Walk Score of 5 and no nearby transit.
Key Highlights
- Separate 3‑bedroom, 2‑bath front home with rear triplex
- Rear configuration includes two 1‑bedroom units and a bonus studio
- Paid solar system installed in 2014 serves the three rear units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,445
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$888,900
$888.9K
Cap Rate 7%
$634,929
$634.9K
Cap Rate 9%
$493,833
$493.8K
Market Conditions
NOI Build-Up for 2,545 SF
Gross rent
$68.7K $27.00/SF
− Vacancy
−$5.2K −$2.05/SF
EGI
$63.5K $24.95/SF
− OpEx
−$19.0K −$7.48/SF
NOI
$44.4K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$888,900
Cap Rate 7%
$634,929
Cap Rate 9%
$493,833
Alternative Uses
Best Use
Multifamily LT 5
$634.9K
$555.6K – $740.8K
NOI $44,445 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$585.0K
$511.9K – $682.5K
NOI $40,951 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,381 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,629
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Front residence and rear rental units offer multiple living spaces with updated interiors, private laundry, and dedicated parking.
Where is this multifamily property located?
The property is located at 615 /617 Wildrose Monrovia, CA.
What is the asking price?
The asking price for this property is $1,398,888.
What are key features of this property?
This property features: Separate 3‑bedroom, 2‑bath front home with rear triplex; Rear configuration includes two 1‑bedroom units and a bonus studio; Paid solar system installed in 2014 serves the three rear units
