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New
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$2,988,000

For Sale

5 days ago

MLS® P1-26034

0 Bed

0 Bath

--

15 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size -
Garage Yes
HOA Fees 
Taxes $23,183
Days Active 5
Approx. Age 1948
MLS® Number P1-26034

Property Address: 424 E Foothill Blvd, Monrovia, CA, 91016

Average square foot calculated using Size range provided by listing agent.

Description

We are proud to present this exceptionally clean, low-maintenance 7-unit apartment complex, ideally located in one of North Monrovia's most desirable neighborhoods just east of the Old Town area. This rare pride-of-ownership multifamily opportunity consists of three buildings--a main 5-unit building and two detached bungalow units--offering an attractive and flexible unit mix with strong tenant appeal.The property features three 1-bedroom/1-bath units, two 2-bedroom/1-bath units, and two spacious 2-bedroom/2-bath units. The 1-bedroom and 2-bedroom/1-bath units each include a single-car garage and share a common on-site laundry room, which also provides additional income. The 2-bedroom/2-bath bungalow units were constructed from the ground up approximately five years ago and offer modern amenities including in-unit stacked washer and dryers, forced air heating and central air conditioning, tankless water heaters, and fully paid solar systems--helping reduce operating costs while enhancing tenant comfort. One bungalow also features a large private fenced patio.The 2-bedroom/1-bath units have been thoughtfully upgraded with mini-split heating and air conditioning systems along with numerous additional improvements throughout the property. The main building includes upgraded electrical panels, five single-car garages, and consistent maintenance that reflects years of careful ownership.Located in a high-performing rental market with an exceptional long-term occupancy history, the property offers a quiet residential environment while remaining conveniently close to shopping, dining, parks, schools, and major commuter routes. This is truly one of the best-condition multifamily assets available in the surrounding area.An uncommon level of operational transparency is provided, with complete rent rolls and detailed historical documentation available, giving buyers confidence in underwriting and long-term performance.
MLS® NumberP1-26034
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelWasher Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside, Laundry Room, Stacked
Exposure
Exterior
GarageYes
Approx. Age1948
Stories12
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

All Washers and Dryers and Appliances except for one Refrigerator that belongs to the tenant.

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 27, 2026List Date
$2,988,000List Price
  • Commute

Commute

Starting Address
Destination Address
424 E Foothill Blvd, Monrovia, CA

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