Entity Owned 
For Sale
1 / 71
Property summary
This exceptional multifamily investment property, located at 729 W Foothill Blvd in Monrovia, CA, presents a compelling opportunity. The 32-unit apartment building, totaling ±20,160 square feet, sits on a spacious ±1.2-acre lot (44,854 sq ft). Built in 1958, the four, two-story buildings boast a mix of one- and two-bedroom units, averaging 633 square feet each. Currently generating a NOI of $388,612 and a 4.80% cap rate, the property offers significant upside potential. A pro-forma NOI of $514,032 projects a 6.35% cap rate. The asking price is $8,100,000, translating to $253,125 per unit and $401.79 per square foot. The property benefits from a 2.95% interest-only loan assumption, extending until November 2030. Amenities include on-site laundry, mature landscaping, a courtyard with seating, and carport and surface parking. Many units feature upgraded kitchens with stainless steel appliances, vinyl plank flooring, and updated bathrooms. Monrovia's strong job market, excellent schools, and convenient access to the 210 Freeway and major attractions, including nearby shopping centers and freeways (210, 605, 134, 10, and 5), make this a highly desirable location. The property's current condition and potential for rental increases present a strong value-add opportunity for investors.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Monrovia market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
MORH* · Monrovia, CAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MORH* in Monrovia, CA.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight
