Prime Investment Opportunity –Don’t miss this exclusive opportunity to acquire a well-maintained, low-operating-cost 8-unit apartment building in the heart of Monrovia—a thriving rental market known for strong appreciation, excellent schools, and a robust job market. This fully leased property features a desirable unit mix of spacious 1-bed/1-bath (600 sqft) and 2-bed/1-bath (850 sqft) units. Positioned in a high-growth, centrally located area, this asset offers easy access to shopping, dining, entertainment, and major employment hubs. This property offers easy access to City of Hope, Arcadia, Azusa, Pasadena, and Downtown LA via nearby freeways and the Metro Gold Line. Additional amenities include onsite laundry and four double-car garages, adding convenience and value. With a proven income history, strong rental demand, and significant value-add potential, this property presents an ideal 1031 exchange opportunity or a strategic addition to your investment portfolio. Take advantage of low vacancy rates, potential for increased rents, and long-term appreciation in one of LA County’s most sought-after rental markets. A rare opportunity for investors looking for stability, growth, and excellent returns!
Property Details
Price:
$2,150,000
MLS #:
PF25030671
Status:
Active
Baths:
0
Address:
609 W Foothill Boulevard
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
639monrovia
City:
Monrovia
Listed Date:
Jan 29, 2025
State:
CA
ZIP:
91016
Lot Size:
9,145 sqft / 0.21 acres (approx)
Year Built:
1953
See this Listing
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Heating
Wall Furnace
Exterior
Community Features
Curbs, Sidewalks, Storm Drains, Street Lights
Garage Spaces
8.00
Lot Features
Rectangular Lot, Near Public Transit, Park Nearby
Parking Features
Assigned
Parking Spots
8.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address609 W Foothill Boulevard Monrovia CA
- Area639 – Monrovia
- CityMonrovia
- CountyLos Angeles
- Zip Code91016
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609 W Foothill Boulevard
Monrovia, CA
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