12-Unit Apartment Building with
For Sale
$3,995,000
M-425 Linwood Avenue, Monrovia, CA 91016
Apartment property with resident parking and on-site laundry in Monrovia’s San Gabriel Valley setting.
Property Size10,798 SF
Lot Size0.40 Acres
Price / SF$369.98
Days on Market9
Property Features for M-425 Linwood Avenue
General Information
Standard status
Active
Size
10,798 SF
Total Parking Spaces
17
Lot size
0.40 Acres
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
12
Amenities
on-site laundry
Building Details
Year Built
1978
Listing Agency:
Keller Williams Beverly Hills
(310) 432-6400
Listed By:
Morgan McMullin · License #01716570
(424) 231-5635
Source:
Exprealty
Added: Sep 14
Changed: Sep 21
Last Checked: Sep 21 at 5:33AM
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 Beverly Hills
Investment Insights
Based on property information with market context.
Built in 1978, this 12-unit apartment building occupies a 17,250-square-foot lot and contains 10,798 gross square feet of improvements. The property includes owner-owned laundry facilities and 17 on-site parking spaces for residents. Its residential setting along Linwood Avenue is characterized by single-family homes and a tree-lined street.
The property is located in Monrovia, California, with access to shopping, dining, transportation corridors, and the surrounding San Gabriel Valley. The 210 and 605 Freeways provide connections toward Pasadena, Downtown Los Angeles, and nearby employment centers. The asset combines an established apartment configuration with on-site resident amenities and parking.
The property is located in Monrovia, California, with access to shopping, dining, transportation corridors, and the surrounding San Gabriel Valley. The 210 and 605 Freeways provide connections toward Pasadena, Downtown Los Angeles, and nearby employment centers. The asset combines an established apartment configuration with on-site resident amenities and parking.
Key Highlights
- 12‑unit apartment complex built in 1978
- 10,798 gross square feet on a 17,250‑square‑foot lot
- Owner‑owned laundry facilities on site
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
Current Use
Lease Details
12
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,024
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
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 - Apartment property with resident parking and on-site laundry in Monrovia’s San Gabriel Valley setting.
Where is this apartment building located?
The property is located at M-425 Linwood Avenue 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; Owner‑owned laundry facilities on site
