CA > Monrovia
Monrovia, CA 91016,609 W Foothill BLVD
Monrovia, CA 91016,609 W Foothill BLVD
Monrovia, CA 91016,609 W Foothill BLVD
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$2,150,000
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9,143 Sqft Lot
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609 W Foothill BLVD Monrovia, CA 91016

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Evan Bellman

Evan Bellman

+1(702) 830-0895

UPDATED:

02/12/2025 09:33 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PF25030671

HOA Y/N No

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

Fireplace No

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

Total Parking Spaces 8

Private Pool No

Building

Lot Description Near Park, Near Public Transit, Rectangular Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8504015017

Energy Description 360.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Lynne Tran • Magnolia Realty • 626-627-9015

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agent

Evan Bellman

Agent | RE.S.182274.LLC

+1(702) 830-0895

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609 W Foothill BLVD