406 S 5th Avenue Monrovia, CA $ 2,500,000
406 S 5th Avenue
$ 2,500,000
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406 S 5th Avenue

Monrovia, CA, 91016
$ 2,500,000
Baths1.0 Sq 3,804

Monthly Estimate*

$ 15,785

Listed by Century 21 Village Realty
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Studio

Multi-Family Home for sale in Monrovia, CA

for $2,500,000 with 1 full bath. This 3,804 square foot home was built in 1948 on a lot size of 0.2599.

Prime 6-Unit Investment Opportunity in Highly Desirable Location — NO CITY RENT CONTROL! Welcome to an exceptional, turnkey multi-family investment property situated in a highly sought-after neighborhood just North of Colorado Blvd and South of Foothill Blvd. Impeccably maintained and boasting a phenomenal rental history with 100% occupancy ("always rented"), this complex offers a rare combination of immediate cash flow and hassle-free management. The Unit Mix & Layout: Four (4) 2-Bedroom / 1-Bathroom Units: Approximately 650 sq. ft. each. These highly desirable, single-story ground-level units are attached in the front of the complex. They feature private rear patios. Two (2) 1-Bedroom / 1-Bathroom Units: Approximately 500 sq. ft. each. Quietly situated above the rear carport area. Extensive Modern Upgrades: Five of the six front units have undergone complete, high-end renovations designed to attract top-tier tenants. Upgrades in these units include: Climate & Efficiency: Central heat and air for year-round comfort (one unit features a window AC), plus energy-efficient tankless water heaters. Interior Finishes: Beautiful laminate flooring, recessed lighting, elegant crown molding, and modern ceiling fans. Gourmet Kitchens: Upgraded with sleek quartz countertops and premium stainless steel appliances (including refrigerator, range, and microwave). Luxury Baths: Thoughtfully remodeled featuring a shower-over-tub enclosed with a sleek glass door. Property Amenities: Parking: 6 covered carport spaces at the rear of the property (1 dedicated space per unit). Laundry: Convenient on-site, coin-operated laundry room equipped with 1 washer and 1 dryer (additional income stream). Location: Perfectly positioned close to premier shopping, vibrant dining options, and major thoroughfares. This is a true pride-of-ownership property in a fantastic area. With no city rent control and units consistently in high demand, this is a golden opportunity to add a high-performing asset to your real estate portfolio. PLEASE NOTE: DRIVE-BY ONLY. DO NOT DISTURB TENANTS UNDER ANY CIRCUMSTANCES.

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Multi-Family Active

Price

$ 2,500,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 24,830

Style

Lot Size

0.2599

Year Built

1948

Town/City

Monrovia

County/Region

Los Angeles

MLS | Web ID

AR26136583

Days on Market

10

Features
General
Sewer Unknown
Heating Central Wall Furnace
Cooling Central Air Wall/Window Unit(s)
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession See Remarks
Roof Composition
Appliances Gas Range Microwave Tankless Water Heater
HOA Fee 0
Garage Spaces 0
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Stucco
Year Built 1948
Tenant Pays Electricity Gas
View City Lights Mountain(s)
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 1320
Community Features Biking Curbs Street Lights Suburban Sidewalks Park
County Los Angeles
Net Operating Income 111632
Operating Expense 52376
Insurance Expense 6886
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 8200
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions S/Foothill Blvd N/Colorado Blvd E/Santa Anita
City Monrovia
Entry Location Living Room
Senior Community Y/N false
Number Of Units Total 6
MLS Area 639 - Monrovia
Lot Size Units Square Feet
Lot Size Square Feet 11320
Carport Spaces 6
Carport Y/N true
Listing Terms Cash Cash to New Loan Conventional Submit
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 24830
Electric Expense 563
Fuel Expense 0
Property Condition Turnkey
Trash Expense 4803
Water Sewer Expense 3997
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 19
Property Sub Type Additional Apartment
Cap Rate 4.47
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Interior
Interior Amenities Ceiling Fan(s) Quartz Counters Utility Room
Fireplace Features None
Total Stories 2
Common Walls 1 Common Wall No One Above No One Below
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area
Entry Level 1
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Exterior
Fencing Wood
Parking Features Assigned Carport
Lot Features Near Park Near Public Transit
Water Source See Remarks
Total Parking 6
Lot Size Area 11320
Number of Buildings 2
Spa false
Building Area Total 3804
Lot Size Acres 0.2599
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 7
Number of Separate Electric Meters 7
Road Frontage Type City Street
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* Excluded Features
List By
Century 21 Village Realty

Broker

Julie@C21Village.com

Email

Affordability Calculator

$17,854
Per Month
88%
12%
0%
Monthly Principal & Interest
$15,785
Monthly Property Taxes
$2,069
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
6/26/2026$2,500,000 Listed Price

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406 S 5th Avenue, Monrovia, CA, 91016 is a Multi-Family Home for sale at $2,500,000 with 3,804 sqft and a lot size of 0.2599. 406 S 5th Avenue is a studio with 1.0 baths and was built in 1948. The property's zip code is 91016 which is in Monrovia, CA