609 W Foothill Boulevard, Monrovia, California 91016
- $2,150,000
- $2,150,000
Overview
- Apartment, Residential Income
- 8.0
- 5790 Sqft
- 1953
Description
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!
Address
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Address: 609 W Foothill Boulevard
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State/county: CA
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Zip/Postal Code: 91016
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Country: US
Details
Updated on March 26, 2025 at 7:34 pm-
Property ID PF25030671
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Price $2,150,000
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Property Size 5790 Sqft
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Land Area 0.2099 Acres
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Garages 8.0
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Year Built 1953
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
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Sewer Public Sewer
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Cooling Wall/Window Unit(s)
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Heating Wall Furnace
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County Los Angeles
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Property Type Residential Income
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Pool None
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Parking Assigned
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Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks, Park
Mortgage Calculator
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