609 W Foothill BLVD Active Save Request In-Person Tour Request Virtual Tour
Monrovia,CA 91016
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PF25030671
Year Built 1953
Lot Size 9,143 Sqft
Property Sub-Type Apartment
Property 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!
Location
State CA
County Los Angeles
Area 639 - Monrovia
Zoning MORH*
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Laundry Common Area,Laundry Room
Exterior
Parking Features Assigned
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Curbs,Storm Drain(s),Street Lights,Sidewalks,Park
Building
Lot Description Near Park,Near Public Transit,Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,Conventional,1031 Exchange
Listing Terms Cash,Cash to New Loan,Conventional,1031 Exchange
Special Listing Condition Standard