Located in the desirable north foothills of Monrovia, this duplex offers two units plus a third bonus structure. The front home features 2 bedrooms and 1 bathroom, while the rear unit includes 1 bedroom and 1 bathroom, making it ideal for rental income or multi-generational living. A third detached structure with its own bathroom is perfect for a studio, home office, guest suite, or kids’ playroom.
Great 3-Unit investment opportunity is located in a desirable area of North Monrovia. The front unit features 2 bedrooms, 1 bathroom, eat in kitchen and spacious living room. The second unit has 2 bedrooms and 2 bathrooms, eat in kitchen plus dining area and living room. The third unit is a studio with 1 bathroom & 1 bathroom and kitchen. Additionally there are porches and patios conveniently located throughout the property. Also included in this property is a 3 car garage (with laundry hookups) and 3 parking spaces. Conveniently located near public transportation, shopping center and parks. Great opportunity for investor, Rent increase potential.
814 S Mayflower Ave in Monrovia. Situated in one of the San Gabriel Valley's most sought-after residential communities, 814 S Mayflower Avenue presents investors with a rare opportunity to acquire a well-maintained, three-unit income property in the heart of Monrovia, California. Built in 1956 and set on a 6,580 square foot lot, this classic single-story courtyard-style building totals 2,447 square feet and features three spacious 2-bedroom/1-bathroom units each thoughtfully laid out with comfortable living spaces, hardwood-style flooring, and individual garages that provide tenants private storage and washer/dryer hookups. The property is individually metered for electricity and gas, with tenants responsible for their own utility costs, while the owner covers water, trash, and gardening. Refrigerators are owner-supplied unless replaced by tenants, and the building presents in excellent condition throughout. The property is subject to AB 1482 however, it is not subject to local rent control, providing the incoming owner with meaningful flexibility to manage rents to market as tenancies turn.The on-site garage structures may present an opportunity for Accessory Dwelling Unit (ADU) conversion, subject to City of Monrovia approval and applicable building requirements. Under California's significantly expanded ADU legislation, garage-to-ADU conversions have become an increasingly viable and cost-effective strategy for multifamily owners seeking to grow unit count and rental income without ground-up construction. A successful conversion could materially increase the property's gross income and overall value, transforming what is currently a functional tenant amenity into an additional revenue-generating asset. Prospective purchasers are encouraged to independently verify feasibility, permitting pathways, and projected costs with the City of Monrovia Planning Department and a licensed contractor prior to close of escrow.Monrovia's location within the Upper San Gabriel Valley positions residents within easy reach of the region's most prominent employment corridors. The property sits just minutes from the 210 Freeway and provides convenient access to major job centers including the City of Hope National Medical Center, a world-renowned cancer research and treatment institution employing thousands; the Arcadia and Pasadena medical corridors; and the broader tech, professional services, and logistics hubs concentrated along the 210/10 Freeway interchange. The Monrovia Gold Line Station part of the Metro L Line further enhances the property's commuter appeal, connecting residents directly to Pasadena, Downtown Los Angeles, and beyond without a car. Old Town Monrovia's thriving dining, retail, and entertainment district is just blocks away, reinforcing the neighborhood's strong live-work-play appeal.
ALL UNITS VACANT. A beautiful tri-plex with a Huge lot. Perfect for owner occupied and a great investment. There is so much potential for this property. Two substantial Living units with an attached one bedroom studio. Each unit has a private grassy yard or a private patio. Front unit has great open and bright floorplan with spacious 2 bedrooms and one remodeled bathroom, large living area and dining area with wonderful natural light throughout the day, separated family room off of remodeled kitchen with breakfast bar. Laundry room/pantry. Front unit has a carriage house style garage with a private enclosed driveway that could also be a wonderful patio for entertaining. The studio unit is attached to the front unit and is accessed from the other side of the structure. This unit features a concrete porch overlooking the gorgeous yard, living area, small kitchen and a bedroom with sliders to the patio. The detached unit in the back is completely enclosed with a private yard and a detached double garage and a parking space accessed through the alley in the back. This unit has 2 separate entries with a great living area with fireplace, large kitchen with eating area and 2 bedrooms and a bathroom. This units yard area is fully enclosed with a spacious side yard and a private backyard and is perfect for kids and/or pets. Other highlights of this property include updated electrical, newer roof, newer landscaping, Central air conditioning and heating, newly painted interiors and exteriors on all structures. Aside from all the wonderful charm and character this property has it is just one block from Old Town Monrovia. Just around the corner from a beautiful park, fitness center, great restaurants, fantastic shopping, movie theater and coffee shops and easy access to freeways.
616 S 5th Avenue in Monrovia, CA. The property is a well-positioned three-unit multifamily asset in the heart of Monrovia, one of the San Gabriel Valley's most resilient and supply-constrained rental markets. Built in 1948, the property sits on a generous 8,294 square foot lot with 2,522 square feet of building area, offering a spacious, low-density configuration that is increasingly rare in today's market. The property is subject to AB-1482 however, it is not subject to any local rent control. The unit mix consists of two two-bedroom/one-bath apartments and one two-bedroom/one-bath standalone house, creating a diverse and appealing offering for a broad range of tenants. One unit will be delivered vacant by July 1, 2026.The property's physical footprint is one of its most compelling attributes. The front house benefits from both a front yard and a rear yard area, offering a level of private outdoor space rarely found in multifamily product of this size. The two rear units each enjoy their own private outdoor patio areas, providing tenants with a sense of privacy and separation that drives retention and supports premium rents. All three units are equipped with washer/dryer hookups, and on-site garages provide additional storage for tenants. Tenants are responsible for electricity and gas, keeping landlord utility exposure limited to water, trash, and gardening.A prospective buyer should note the significant value-add potential presented by the on-site garage structures. Subject to City of Monrovia approval and applicable building requirements, the existing garages may be eligible for conversion into Accessory Dwelling Units (ADUs) an increasingly viable strategy under California's expanded ADU legislation. A successful conversion could meaningfully increase the property's unit count and gross rental income without the need for ground-up construction, offering a compelling path to enhanced yield and long-term asset appreciation. Prospective purchasers are encouraged to conduct their own independent due diligence with the City of Monrovia Planning Department and a qualified contractor to evaluate feasibility, permitting requirements, and projected conversion costs.Situated in Monrovia's established residential core, the property benefits from convenient access to major employment corridors throughout the San Gabriel Valley and the greater Los Angeles basin. The 210 Freeway is moments away, connecting residents to Pasadena, the City of Hope National Medical Center in Duarte, the Azusa Pacific University corridor, and the broader employment hubs of the San Gabriel Valley and downtown Los Angeles. The Monrovia Gold Line Station further enhances connectivity, offering tenants a car-free commute option into Pasadena and beyond a feature that continues to strengthen rental demand in the immediate submarket.
Rare North Monrovia Craftsman Duplex with Additional Bonus Space! Situated in one of North Monrovia's most desirable neighborhoods, this charming 1922 Craftsman property offers character, versatility, and investment potential just moments from Canyon Park, hiking trails, the Wilderness Preserve, and vibrant Old Town Monrovia. Rich in architectural detail, the front residence welcomes you with a classic front gable accented by dental molding, wood siding, a spacious front porch, and attractive drought-tolerant landscaping. Inside, the one-bedroom, one-bath unit showcases timeless Craftsman features including hardwood flooring, crown molding, original built-in bookcases, abundant natural light, and a decorative fireplace with marble surround and wood mantel. A formal dining room adjoins the beautifully remodeled kitchen featuring subway tile backsplash, abundant cabinetry, stainless steel appliances, stainless sink, and updated flooring. The remodeled bathroom offers a frameless walk-in shower with subway tile surround, rain shower head, vessel sink vanity, and brushed nickel fixtures. Attached at the rear is a well-appointed studio unit featuring hardwood flooring, updated kitchen with subway tile and stainless steel appliances, remodeled bathroom, and window air conditioning. A separate laundry structure provides additional functionality with open beam ceilings, laminate flooring, and storage space. The expansive rear yard creates a private outdoor retreat with mature trees, lush lawns, and a spacious patio ideal for entertaining, relaxing, or enjoying Southern California's year-round climate. Adding even more flexibility, the detached garage has been converted into a finished, non-conforming bonus space that is not included in the property's square footage. This versatile area is all electric and features a kitchenette with abundant cabinetry and sink, an open steel beam ceiling, and a stylish 3/4 bath with green ceramic tile accents in the shower. This additional space offers a variety of potential uses for hobbies, guests, a home office, creative pursuits, or recreation with potential added income of $1600 a month. Parking for up to five vehicles is conveniently located off the rear alley. Both residential units are currently tenant occupied by excellent tenants paying market rents, creating immediate income for the next owner. A rare opportunity to own a character-rich income property in one of Monrovia's most sought-after locations.
Welcome to 113 & 115 N. Ivy Ave. in North Monrovia. Both units have been upgraded within the last year, featuring beautifully remodeled kitchens with quartz countertops and bathrooms with custom tile finishes. These updates offer modern finishes while preserving the home’s timeless appeal. The seller took great care to balance historic character with modern convenience. This property perfectly captures the essence of the area’s picturesque, tree-lined streets. Relax on the large front porch and enjoy your morning coffee! ?? * Interior and exterior paint completed * New LVP flooring throughout both units * Both kitchens completely remodeled with quartz countertops, new cabinetry, and updated plumbing fixtures * Both bathrooms fully upgraded with custom-tiled showers * Expansion potential: backyard offers room to build an additional unit or garage * Modernized utilities: complete plumbing overhaul featuring new ABS drain lines and PEX water lines throughout, updated electrical systems, and brand- new water heaters * Climate control: stay comfortable year-round with two new mini-split heating and cooling systems in each unit * Versatility: use the second unit as a guest house, creative studio, or income-producing rental—the possibilities are endless Ample parking for both units ** Enjoy a lifestyle of ultimate walkability—less than a half a mile from the Friday Night Street Fair, the library, local parks, and the boutique shops and cafes of Old Town Monrovia. Mountain views and historic charm are right at your doorstep! **
This lovely triplex is ideally located near public transportation, shopping, and dining, all just blocks away. Each of the three units features its own private two-car garage, along with additional on-site parking. Recent updates throughout the property make this an exceptional investment or owner-user opportunity. Priced within FHA loan limits, this property offers an attractive and affordable financing option.
Nestled in a woodsy setting and surrounded by breathtaking mountain views, this beautifully remodeled 2 bedroom 2 bath with an attached jadu offers the perfect blend of comfort, nature, and versatility. Thoughtfully updated with modern finishes, the main residence features an open and inviting layout, abundant with natural light, and a seamless connection to the attached jadu and outdoors. The beautiful kitchen has been finished with quartz countertops, stainless steel microwave and range overlooking the living room with a cozy fireplace that is perfect for entertaining. Separate laundry area with access to the backyard. The master bedroom has casement windows and the master bath will have you feeling like you are at your own private retreat. Down the hall is the 2nd bedroom also with casement windows and next to the main bath which has also been beautifully redone with double custom vanities. The attached jadu adds incredible value and flexibility ideal for extended family, creative space, guests or rental income with access from the inside of the main house and its own separate entrance as well. Step outside to the newly landscaped yard and immerse yourself in nature, with scenic hiking trails just moments away and a peaceful, environment all around. This is more than a home-it's a lifestyle, where tranquility meets convenience and everyday feels like a getaway.
Exceptional opportunity in the heart of Monrovia, just moments from vibrant Old Town, local shops, dining, parks, and the public library. Situated on an expansive 12,714 sq ft lot, this unique property features two separate single-level homes on one lot, each offering 2 bedrooms and 1 bathroom with its own private garage, driveway, laundry hookups, and separate gas, electric, and water meters—creating true independent living spaces. The oversized lot offers incredible flexibility and future potential for expansion, additional living space, or possible development opportunities (buyer to verify with city). Ideal for owner-users, multigenerational living, or investors seeking flexible income potential. Live in one home while renting the other, or maximize rental opportunities with two fully independent residences. Offering both convenience and flexibility, the property is ideally located near Old Town Monrovia, popular dining, local cafés, parks, community events, and everyday amenities. This rare property combines character, functionality, and long-term value in one of the San Gabriel Valley’s most sought-after communities.
Rare Monrovia triplex featuring three distinct units, just a short distance to Old Town Monrovia, the Metro A Line station, shops, restaurants, the Monrovia Public Library, and easy I-210 Freeway access. Situated on a generous 8,163 SF lot with 1,909 SF of living area across 3 buildings, gas and electric are separately metered and each unit has its own utilities. Located in the Monrovia Unified School District. Unit#1 — Front unit with curb appeal and front picket fence: 2 bedrooms, 1 bath, approximately 1,100 sq ft,in-unit laundry hookups, and 4 parking spaces. Unit#2 — Middle: 1 bedroom, 1 bath, approximately 800 sq ft, in-unit laundry hookups, with 2 parking spaces. Unit#3 — Rear: 1 bedroom, 1 bath, approximately 500 sq ft, in-unit laundry hookups, with 2 parking spaces. Also the property features a 2-car garage used by the landlord. The detached garage is approximately 450 sq ft and presents a great ADU opportunity to add a fourth unit — buyer to verify with the City of Monrovia. Monrovia is a 2024 All-America City Award winner with a beloved weekly Friday Night Street Fair and miles of hiking trails at the foothills of the San Gabriel Mountains. Do not disturb tenents are walk on the property w/out appointment. Thx!
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.
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.
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.
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.
