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    Monrovia Triplex Near Old Town Title is generated by Realmo AI

    709 S Magnolia, Monrovia, CA 91016

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    Triplex in Monrovia near amenities and transportation.

    Type:Multifamily
    Property size:
    1,909 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $628/SF
    Added:
    Mar 11, 2026
    Days on Market:
    84
    Last Refresh:
    Mar 19 at 10:31 pm

    Property Features for 709 S Magnolia

    General Information

    Standard status
    Active
    Size
    1,909 SF
    Lot size
    0.19 Acres
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Ann Blanco

    Listing agent Ann Blanco License #CA 01374800

    Listing office SOUTHLAND PROPERTIES

    Listing date Mar 11, 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 SOUTHLAND PROPERTIES

    HighLights

    • Triplex with three separate units, each with its own utilities and in‑unit laundry hookups.
    • Located near Old Town Monrovia, Metro A Line, shops, restaurants, and the Monrovia Public Library.
    • Large 8,163 SF lot with a detached 2‑car garage offering ADU potential (buyer to verify).
    • Easy access to the I‑210 Freeway.
    • Unit #1 is a spacious 2‑bedroom, 1‑bath unit with approximately 1,100 sq ft and 4 parking spaces.
    • Located in the Monrovia Unified School District and Monrovia is a 2024 All‑America City Award winner.

    Overview

    This Monrovia triplex features three separate units and is located near Old Town Monrovia, the Metro A Line station, shops, restaurants, the Monrovia Public Library, and the I-210 Freeway. The property is situated on an 8,163 square foot lot and includes 1,909 square feet of living area across three buildings. Each unit has separate gas and electric meters and individual utilities. The property is located within the Monrovia Unified School District. Unit 1, the front unit, includes a picket fence, two bedrooms, one bathroom, in-unit laundry hookups, and four parking spaces, and is approximately 1,100 square feet. Unit 2, the middle unit, features one bedroom, one bathroom, in-unit laundry hookups, and two parking spaces, and is approximately 800 square feet. Unit 3, the rear unit, offers one bedroom, one bathroom, in-unit laundry hookups, and two parking spaces, and is approximately 500 square feet. A two-car garage, approximately 450 square feet, is used by the landlord and may present an ADU opportunity. Monrovia is a 2024 All-America City Award winner and offers a weekly Friday Night Street Fair and hiking trails in the San Gabriel Mountains.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monrovia
    County
    Los Angeles
    State
    California
    Longitude
    -118.0056456
    Latitude
    34.1442993

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    FAQs

    What type of property is this?
    Triplex - Triplex in Monrovia near amenities and transportation.
    Where is this triplex located?
    The property is located at 709 S Magnolia Monrovia, CA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Triplex with three separate units, each with its own utilities and in‑unit laundry hookups.; Located near Old Town Monrovia, Metro A Line, shops, restaurants, and the Monrovia Public Library.; Large 8,163 SF lot with a detached 2‑car garage offering ADU potential (buyer to verify).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ann Blanco
    Real Estate License ID: CA 01374800
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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