729 West Foothill Blvd Monrovia, CA 91016
Property profile & analytics
729 West Foothill Blvd Monrovia, CA 91016
- Apartment buildings
- 20,160 SF
- 1.03 lot acres
Property ID
US09-8557765
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 729 West Foothill Blvd
- Year built
- 1958
- Construction
- WOOD
- Lot size
- 1.03 lot acres
- Property size
- 20,160 SF
- Zone code
- MORH*
- Property type
- Apartment buildings
- APN
- 8504-019-038
- APU
- 8504019038
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,223,000
Market price range: $1.88M - $8.36M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Monrovia
- County
- Los Angeles
- State
- California
- Longitude
- -118.014
- Latitude
- 34.1519
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$40,855
$997,171
$1,335,967
$2,333,138
-
$0.00
$0.00
$0.00
