Four-Unit Apartment Property with
For Sale
$1,275,000
Pending
624 W Foothill, Monrovia, CA 91016
Single-story income property with updated kitchens, parking, and one residence available for occupancy or leasing.
Property Size2,200 SF
Days on Market48
Property Features for 624 W Foothill
General Information
Standard status
Pending
Size
2,200 SF
Property subtype
Investment
Units
Multifamily Units
4
Parking per Unit
2
Building Details
Building Size
2,200 SF
Year Built
1951
Buildings
1
Stories
1
Units
4
Listing Agency:
Keller Williams Realty
Listed By:
Espi Bagwell · License #01168881
(626) 824-2267
Source:
Elliman
Added: Sep 19
Changed: Oct 27
Last Checked: Nov 4 at 12:36PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
Built in 1951, this single-story quadplex contains four 550-square-foot residences with matching layouts that include living rooms, dining areas, and kitchens. One unit is vacant and features hardwood flooring and a modernized kitchen, while the other three have updated kitchens and individual improvements.
The property includes four garage spaces plus tandem parking, providing two dedicated parking spaces per residence. A clean basement offers space for a potential coin-operated laundry installation. Recent work includes a newer roof, exterior painting, and refreshed landscaping. Located at 624 W Foothill in Monrovia, the property records a Walk Score of 85, a Bike Score of 51, and a Transit Score of 56.
The property includes four garage spaces plus tandem parking, providing two dedicated parking spaces per residence. A clean basement offers space for a potential coin-operated laundry installation. Recent work includes a newer roof, exterior painting, and refreshed landscaping. Located at 624 W Foothill in Monrovia, the property records a Walk Score of 85, a Bike Score of 51, and a Transit Score of 56.
Key Highlights
- Four 550‑square‑foot units in a single‑story quadplex
- One vacant residence with hardwood floors and a modern kitchen
- Three additional units feature updated kitchens and individual improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,420
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$768,400
$768.4K
Cap Rate 7%
$548,857
$548.9K
Cap Rate 9%
$426,889
$426.9K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$59.4K $27.00/SF
− Vacancy
−$4.5K −$2.05/SF
EGI
$54.9K $24.95/SF
− OpEx
−$16.5K −$7.48/SF
NOI
$38.4K $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%
$768,400
Cap Rate 7%
$548,857
Cap Rate 9%
$426,889
Alternative Uses
Best Use
Multifamily LT 5
$548.9K
$480.3K – $640.3K
NOI $38,420 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$505.7K
$442.5K – $590.0K
NOI $35,400 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,451 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,045
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?
Quadplex - Single-story income property with updated kitchens, parking, and one residence available for occupancy or leasing.
Where is this quadplex located?
The property is located at 624 W Foothill Monrovia, CA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Four 550‑square‑foot units in a single‑story quadplex; One vacant residence with hardwood floors and a modern kitchen; Three additional units feature updated kitchens and individual improvements
