424 E Foothill Boulevard Monrovia, CA $ 2,988,000
424 E Foothill Boulevard
$ 2,988,000
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424 E Foothill Boulevard

Monrovia, CA, 91016
$ 2,988,000
Baths0.0 Sq 5,094

Monthly Estimate*

$ 18,398

Listed by COMPASS
424 E Foothill Boulevard, Monrovia, CA 91016 - Image 1
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424 E Foothill Boulevard, Monrovia, CA 91016 - Image 5
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424 E Foothill Boulevard, Monrovia, CA 91016 - Image 8
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424 E Foothill Boulevard, Monrovia, CA 91016 - Image 22
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Studio

Multi-Family Home for sale in Monrovia, CA

for $2,988,000. This 5,094 square foot home was built in 1948 on a lot size of 0.3331.

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.

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Multi-Family Active

Price

$ 2,988,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 23,183

Style

Lot Size

0.3331

Year Built

1948

Town/City

Monrovia

County/Region

Los Angeles

MLS | Web ID

P126034

Days on Market

4

Features
General
Sewer Public Sewer Sewer Tap Paid
Heating Central Forced Air Solar
Cooling Central Air
Utilities Cable Available Cable Connected Electricity Connected Natural Gas Available Natural Gas Connected Sewer Connected Underground Utilities Water Connected
Possession Close Of Escrow
Roof Composition Shingle
Appliances Electric Range Gas Range Gas Water Heater Refrigerator Range Hood Tankless Water Heater Vented Exhaust Fan Water Heater Washer
Zoning Multi-Family MORH
HOA Fee 0
Garage Spaces 5
Architectural Style Traditional
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Frame Stucco Synthetic Stucco
Year Built 1948
Electric 220 Volts Other Electricity - On Property See Remarks Standard
Tenant Pays Cable TV Electricity Gas Telephone
Stories Count 2
Levels Two Multi/Split
Tax Year 2025
Gross Income 196200
Community Features Foothills Gutter(s) Street Lights Suburban Sidewalks Park
Accessibility Parking See Remarks
County Los Angeles
Net Operating Income 155700
Operating Expense 40500
Insurance Expense 6684
Property Type Residential Income
Contingency No
Energy Efficient HVAC Lighting Water Heater Windows
MaintenanceExpense 1800
Subdivision Name Not Applicable
Facing Direction North
Garage Y/N true
Green Energy Generation Solar
Other Structures Storage
Special Listing Conditions Standard
Status Active
Directions On Foothill Blvd East of Myrtle Ave. on South Side
City Monrovia
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 10
Number Of Units Total 7
MLS Area 639 - Monrovia
Lot Size Units Square Feet
Lot Size Square Feet 14512
Listing Terms Cash Cash to New Loan
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Tax Annual Amount 23183
Electric Expense 622
Current Financing None
Fuel Expense 305
Property Condition Updated/Remodeled Turnkey
Trash Expense 3897
Water Sewer Expense 3468
Additional Parcels Y/N false
Rent Control Y/N true
Builder Name Mr Do it Right!
Standard Status Active
Year Built Source Public Records
Tax Lot 1&2
Taxes 37500
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Interior
Interior Amenities Built-in Features Ceramic Counters Quartz Counters Recessed Lighting Storage Solid Surface Counters Bedroom on Main Level
Flooring Laminate Tile
Fireplace Features None
Total Stories 12
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Window Features Double Pane Windows
Fireplace Y/N false
Laundry Features Washer Hookup Electric Dryer Hookup Gas Dryer Hookup Inside Laundry Room Stacked
Entry Level 1
Total Baths 0
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Exterior
Exterior Amenities Lighting Rain Gutters
Fencing Good Condition Grapestake Wrought Iron
Parking Features Door-Single Garage On Site Off Street Garage Faces Rear One Space Side By Side
Lot Features Desert Back Desert Front Front Yard Garden Greenbelt Irregular Lot Landscaped Level Near Park Near Public Transit Rocks Sprinklers None Street Level Walkstreet
Water Source Public
Total Parking 15
Inclusions All Washers and Dryers and Appliances except for one Refrigerator that belongs to the tenant.
Lot Size Area 14512
Foundation Details Slab
Park Name Library Park
Number of Buildings 3
Spa false
Building Area Total 5094
Lot Dimensions Irregular
Lot Size Acres 0.3331
Road Surface Type Alley Paved Paved
Private Pool false
Lot Size Source Public Records
Door Features Panel Doors
Pool Charge 0
Number of Separate Water Meters 1
Number of Separate Gas Meters 8
Number of Separate Electric Meters 7
Road Frontage Type City Street
Builder Model Nice
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* Excluded Features
List By
Compass

Broker

jim.rock@compass.com

Email

Affordability Calculator

$20,330
Per Month
90%
10%
0%
Monthly Principal & Interest
$18,398
Monthly Property Taxes
$1,932
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/27/2026$2,988,000 Listed Price

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424 E Foothill Boulevard, Monrovia, CA, 91016 is a Multi-Family Home for sale at $2,988,000 with 5,094 sqft and a lot size of 0.3331. 424 E Foothill Boulevard is a studio with 0.0 baths and was built in 1948. The property's zip code is 91016 which is in Monrovia, CA