Set just moments from the energy of Old Town Monrovia, this beautifully remodeled duplex presents an exceptional opportunity for both investors and owner-occupants. Thoughtfully upgraded throughout, each unit offers 3 bedrooms and 1 fully updated bath, blending modern finishes with bright, functional living spaces. Both interiors have been refreshed with new flooring, fresh paint, recessed lighting, and an abundance of natural light. The living rooms feel open and inviting, with elegant French doors leading to an enclosed patio — creating additional flexible space for relaxing or entertaining. The updated kitchens are light and welcoming, featuring new cabinetry, countertops, and dedicated breakfast nook areas, along with a separate dining area just off the living room. Bathrooms have also been tastefully remodeled, completing the cohesive, move-in-ready appeal of each unit. The front unit offers 996 square feet, while the rear unit provides 1,027 square feet of comfortable living space. Behind the rear unit, a rare 4-car garage allows for separated parking for both residences, offering convenience and privacy. Located within walking distance to Old Town Monrovia’s restaurants, shops, and neighborhood amenities, this property offers strong income potential, whether renting both units or living in one while generating income from the other.
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.
This 6-unit residential income property is located in a prime Monrovia location just blocks from Old Town, Library Park, shopping, dining, entertainment, schools, and public transportation. This convenient location is always high in demand with stable tenancy. On the approx. 9,000 sq ft lot, there are 2 structures totaling 4,290 sq ft of living space. In the front is a large 2-story building consisting of 5 units. Upstairs is a spacious 4-bed, 2.5-bath single-level unit with approx. 1,575 sq ft of living space. Downstairs are 4 studio units. Down the long driveway in the rear of the property is the second structure, which is a single-level 2-bed, 1-bath unit with approx. 825 sq ft of living space and an attached 2-car garage and private patio. Various improvements have been made to the units (interior & exterior) in recent years, including a full remodel of one of the units, a new roof for the rear unit, resurfacing the driveway, some new windows and new paint. There is sufficient on-site parking for all units in the driveway and rear parking area.
Welcome to 113 & 115 N Ivy Ave, a charming duplex in North Monrovia that perfectly blends historic character with modern convenience. Nestled beneath the shade of a magnificent century-old oak tree, this property captures the essence of the area's picturesque, tree-lined streets. Relax on the large front porch and enjoy your morning coffee in this quiet neighborhood. Both units were upgraded within the last year, featuring beautifully remodeled kitchens with quartz countertops and bathrooms with custom tile—offering modern finishes while preserving the home’s timeless appeal. Unit A: 2 bedrooms, 1 bath, and dedicated laundry. Unit B: 1 bedroom, 1 bath, and dedicated laundry. Versatility: Use the second unit as a guest house, creative studio, or income-producing rental—the possibilities are endless! Ample Parking: Plenty of space for both units. Expansion Potential: The backyard offers room to build an additional unit (ADU). Enjoy a lifestyle of ultimate walkability—just a half-mile to the Friday Night Family Festival, library, parks, and the boutique shops and cafes of Old Town Monrovia. With mountain views and charm at your doorstep, this isn’t just a property—it’s a smart investment and a home that truly pays for itself.
We are proud to present Ridgewood Apartments, a pristinely maintained 32-unit asset located at 729 W Foothill Boulevard in Monrovia, California. Situated North of the 210 Freeway, this pride-of-ownership property benefits from a supply-constrained submarket, excellent schools, and consistent high occupancy levels. Monrovia’s growing population and the property’s historical stability make this is an ideal investment choice for steady rental income and long-term appreciation. The Ridgewood Apartments is a 32-unit property originally built in 1958, featuring a total building size of ±20,160 SF situated on a ±44,854 SF lot (±1.03 Acres). The property features an excellent unit mix of one and two-bedroom units averaging 633 SF. Meticulously cared for, the asset features a communal laundry facility, mature lush landscaping with a courtyard, and ample carport and surface parking. Most units have been upgraded with vinyl plank flooring, stainless steel appliances, and wall AC/heating. This opportunity features favorable debt to assume at a 2.95% interest-only rate until November 2030. This rare financing allows a new investor to realize a 7.40% Cash-on-Cash return on current income, with the potential to reach a 10.03% return on pro forma income. The property currently operates at a 5.37% Cap Rate, with a clear path to a 6.80% Cap Rate at market rents. The city of Monrovia is ideally located within Southern California offering easy access to the 210, 605, 134, 10 and 5 freeways connecting to all of Los Angeles County, Ventura County, San Bernardino and beyond. Its location offers convenient access to neighboring cities within the San Gabriel Valley. Significant local landmarks within a 20- mile radius include: Santa Anita Park, Los Angeles County Arboretum, The Huntington Library, City of Hope Hospital, The Rose Bowl, Dodger Stadium, Crypto.com Arena, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Hollywood Bowl, Universal Studios and more. Ridgewood Apartments in the city of Monrovia is a premier income-producing asset with a compelling 16% rental upside, presenting a stable and lucrative opportunity for 1031 exchange buyers and seasoned investors alike.
Don't miss seeing this classic Spanish style duplex, gracefully situated on the corner of two peaceful, tree lined streets in the highly desirable residential neighborhood of North Monrovia. Currently tenant occupied, however, this is a duplex you can live in, should you wish to - perfect for multi-generational families. Rich in architectural charm and thoughtful design, the property was originally conceived as a duplex and continues to offer flexibility, with the potential to be converted into a single family residence with minimal modification. The corner orientation provides excellent natural light, added privacy, and a true neighborhood presence. The Oaks Avenue unit is a refined one bedroom, one and one half bath residence designed for both comfortable living and entertaining. Restored white oak hardwood floors extend throughout the open floor plan, creating warmth and continuity. The spacious living room features an elegant coved ceiling and a custom built in media center. The dining room serves as a central gathering space, ideal for family meals or hosting guests. The kitchen is beautifully appointed with granite countertops, custom cabinetry, and modern appliances. This side of the property also includes a long gated driveway, a covered porch with old world architectural influence, and a private garage. Facing Acacia Avenue, the second residence offers a generous two bedroom, two bath layout with excellent separation of space. Dual entrances are positioned at either end of a covered porch with a distinctive turret, adding classic Spanish character. The open living area flows into the kitchen, which features granite countertops, abundant cabinetry, and ceramic tile flooring. White oak floors run throughout most of the home. Recent improvements include fresh interior paint, updated plumbing through repiping, newer kitchen appliances, a washer and dryer, a newer thermostat, and a newer water heater. A gated side yard provides access to a garage, laundry room, and a private covered patio. Both residences benefit from new electrical inside and out, central heating and air conditioning, crown molding, refined fixtures and lighting, an expansive California basement, and meticulously landscaped grounds. Located near Old Town Monrovia, the property enjoys close proximity to dining, shopping, the library, theater, and local markets, offering timeless Spanish character in one of Monrovia's most sought after neighborhoods. Come visit and see for yourself!
Fantastic two-on-a-lot duplex offering versatility, value and income potential—ideal for owner-users, investors, or multi-generational living. Located in the picturesque town of Monrovia—close to schools and the vibrant downtown area with dining and shopping. The front home (built 1924) features 2 bedrooms and 1 bathroom, while the rear home (built 1995) offers a 3 bedroom, 2 bathroom layout. Both residences have been tastefully redone with remodeled kitchens and bathrooms and many more upgrades. Each home includes private gated patios perfect for relaxing or entertaining, new landscaping and a 2-car garage, providing ample parking and storage. With separate living spaces and thoughtful improvements throughout, this property is ideal for living in one and renting the other or adding a turnkey asset to your investment portfolio. A rare opportunity to own a move-in ready dual-resident property with excellent flexibility and income potential—don’t miss it!
This mid century, 4 unit quadruplex is a rare opportunity in one of Monrovia's most desirable neighborhoods.Each unit is 2 bedrooms and 1 bathroom with approximately 1,070 sqft of living space. This property offers excellent rental income, all 4 units are currently on a month to month lease. Property is well maintained, bathrooms and kitchens have been remolded a few years ago. There are a total of 5 parking spaces and a laundry facility for the tenants.Located close to restaurants, hiking and old town Monrovia.
Spanning four separate buildings, 137 and 147 N Myrtle Avenue, along with 146 and 148 Stedman Place, the property covers three separate parcels totaling a large 32,485 square foot, block-to-block area of land. Because the City of Monrovia does not have its own restrictive local rent control, the property benefits from higher allowable rent increases under California's statewide AB 1482. This may help a new owner to recapture the approximately 26% in rent upside more rapidly, leading to a more dramatic increase in future cash flow. Monrovia is also not subject to the expensive Measure ULA taxes that burden nearby Los Angeles, allowing investors to keep substantially more profits from building ownership. The buildings feature an excellent unit mix with mostly two-bedroom apartments throughout. Most of these units have already been upgraded to include varying combinations of remodeled bathrooms, updated kitchen appliances, new wood flooring, and, in select units, upgraded electrical panels and in-unit washer/dryers. The location grants tenants the convenience and walkability of more urban neighborhoods, as confirmed by its "Walker's Paradise" designation with a Walk Score of 92, along with the calm and comfort of a more suburban town. This is due largely to the property's location near the sought-after Old Town Monrovia business district, which runs along Myrtle Avenue just one block south of the property.
This prime Monrovia foothill offering presents a rare opportunity to acquire both a quality income-producing property and a high-potential development site in one. Currently generating steady rental income with a ~3% CAP rate, the property offers substantial room for improvement and future upside. It’s ideal for investors who wish to maintain income while advancing subdivision or redevelopment plans, minimizing carrying costs during the entitlement process. The portfolio comprises two contiguous parcels: 537 Cloverleaf Dr. (APN: 8503-001-029) — approximately 4.88 acres with a 2,683 SF dwelling AND 539 Cloverleaf Dr. (APN: 8503-002-008) — approximately 14.97 acres with a 2,390 SF dwelling Together, the combined 19.85-acre property provides utilities on site. According to recent surveyor analysis, there is potential for 6 to 8 luxury single-family home lots. The optimal layout would likely include six primary lots, while two additional lots could be achieved with more complex hillside grading and retaining solutions. Set amid the natural beauty of Monrovia’s hillside neighborhoods and just minutes from Old Town Monrovia, schools, and major transportation corridors, this property blends immediate income stability with long-term development potential—a rare combination in one of the San Gabriel Valley’s most desirable submarkets. All provided information should be confirmed by any interested parties.
PRIME INVESTMENT and RARE OPPORTUNITY IN MONROVIA'S HIGHLY SOUGHT-AFTER NORTH ENCINITAS HISTORIC DISTRICT. Welcome to this beautifully renovated craftsman triplex nestled in one of Monrovia's two coveted historic districts with rich history.The property invites you to experience an area renowned for its walkable streets, mature tree canopy, and timeless architectural charm as well as a lifestyle enriched by community and vibrant local culture.Positioned north of Foothill Blvd, this property stands out with its distinctive character, remodeled interiors, and major upgrades. The triplex consists of two vacant two-bedroom units and a cozy studio apartment, expertly blending functionality with classic appeal and versatile living and income options.With major capital improvements made, this property offers excellent value and upside potential. This is a perfect opportunity for an owner-occupant to reside in one unit while renting out the others, a smart strategy to offset mortgage payments and build equity over time, or for an investor seeking steady rental income opportunities.Residents enjoy the tranquility of a residential neighborhood while being moments away from vibrant Old Town Monrovia, filled with premier dining, shopping, and cultural experiences. Nearby recreation including hiking, cycling, and other activities make for a quality of life enriched with numerous outdoor options for a well-rounded lifestyle. With nearby public transit options and easy connectivity to freeway systems, this location is ideal for those seeking both the benefits of suburban living with the ease of commuter access.Families will appreciate access to Monrovia's excellent schools and family activities. This property not only meets residential needs but also serves as a strategic investment. Whether you're a first-time homebuyer looking to enter a sought-after market or an investor aiming to expand your portfolio, this triplex represents a compelling opportunity.Highlights:-House-hack potential: live in one, rent two- income-producing vacant units-Plenty of parking for tenants & guests-Desirable residential setting-Strong rental demand area with no inventory
SIGNIFICANT PRICE REDUCTION!! Under single ownership since original construction in 1954, this property has enjoyed good care and maintenance over the years. All units have central A/C, individual water heaters, living room with dining area and nice storage. Carport parking with storage cabinet, one space per unit, is provided, along with Speed Queen coin-op community laundry. Current code compliant railings have been newly installed. Truly a pride of ownership investment opportunity.
Monrovia is located in California. Monrovia, California has a population of 37,999. Monrovia is less family-centric than the surrounding county with 30.51% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Monrovia, California is $87,077. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Monrovia is 39.1 years.
The average high temperature in July is 87.7 degrees, with an average low temperature in January of 46.6 degrees. The average rainfall is approximately 20.2 inches per year, with 0 inches of snow per year.
