Monrovia Multifamily Investment
624 W Foothill Blvd, Monrovia, CA 91016
100% occupied 8-unit property with value-add potential in Monrovia.
Type:Multifamily
Property size:
4,400 SFPrice / SF:
$589/SF- Added:
- Mar 10, 2026
- Days on Market:
- 64
- Last Refresh:
- Mar 19 at 10:22 pm
Property Features for 624 W Foothill Blvd
General Information
- Standard status
- Active
- Size
- 4,400 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1951
Listing agent Jake Hopkins License #CA 02026709
Listing office Hopkins Investment Group
Listing date Mar 10, 2026
Source Crexi
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 Hopkins Investment Group
HighLights
- Significant Rental Upside: Current rents average $1,700/month, with market rents exceeding $2,100/month.
- 100% Occupied: Ensuring immediate cash flow.
- Flexible Financing/Exit: Two separately parceled 4‑unit buildings.
- Recent Capital Improvements: Including new roofing, exterior paint, and landscaping.
- Desirable Location: In the sought‑after Monrovia submarket near Old Town Monrovia.
- Favorable Rent Control: Follows California AB 1482 guidelines only.
Overview
This 100% occupied 8-unit multifamily property is situated along Foothill Boulevard in Monrovia, within the San Gabriel Valley. The property comprises two single-story, 4-unit buildings, offering financing flexibility. Each building features 1-bedroom, 1-bathroom units with front and rear access. Each building includes four garage spaces plus tandem parking, providing two spaces per unit. A shared washer and dryer room generates additional income. Current average rents are approximately $1,700 per month, below market rents exceeding $2,100 per month, representing roughly 25%+ upside. One recently leased unit has achieved market rent. Exterior capital improvements include new roofing, exterior paint, and landscaping. Four units have received interior upgrades including kitchens, bathrooms, flooring, appliances, fixtures, and finishes. The property benefits from Monrovia’s favorable rent control structure, following California AB 1482 guidelines without additional local restrictions. Located near Old Town Monrovia, shopping, dining, and major commuter routes, the asset offers a compelling value-add opportunity with strong upside potential in a highly desirable rental market. The property size is 4400 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Monrovia
- County
- Los Angeles
- State
- California
- Longitude
- -118.0124064
- Latitude
- 34.150906
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 100% occupied 8-unit property with value-add potential in Monrovia.
Where is this apartment building located?
The property is located at 624 W Foothill Blvd Monrovia, CA.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Significant Rental Upside: Current rents average $1,700/month, with market rents exceeding $2,100/month.; 100% Occupied: Ensuring immediate cash flow.; Flexible Financing/Exit: Two separately parceled 4‑unit buildings.
