424 E Foothill Boulevard, Monrovia, CA 91016

  • $2,988,000
424 E Foothill Boulevard, Monrovia, CA 91016
Active Updated/Remodeled, Turnkey
424 E Foothill Boulevard, Monrovia, CA 91016
424 E Foothill Boulevard, Monrovia, CA 91016
  • $2,988,000

Description

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.

  • Address 424 E Foothill Boulevard
  • State/county CA
  • Zip/Postal Code 91016
  • Area Not Applicable
  • Country US

Details

Updated on February 27, 2026 at 8:00 pm
  • Property ID: P1-26034
  • Price: $2,988,000
  • Property Size: 5094 Sqft
  • Land Area: 0.3331 Acres
  • Garages: 5.0
  • Garage Size: x x
  • Year Built: 1948
  • Property Type: Residential Income
  • Property Status: Active

Additional details

  • Listing Terms: Cash,Cash to New Loan
  • Roof: Composition, Shingle
  • Utilities: Cable Available,Cable Connected,Electricity Connected,Natural Gas Available,Natural Gas Connected,Sewer Connected,Underground Utilities,Water Connected
  • Sewer: Public Sewer,Sewer Tap Paid
  • Cooling: Central Air
  • Heating: Central,Forced Air,Solar
  • Flooring: Laminate, Tile
  • County: Los Angeles
  • Property Type: Residential Income
  • Pool: None
  • Parking: Door-Single,Garage,On Site,Off Street,Garage Faces Rear,One Space,Side By Side
  • Community Features: Foothills,Gutter(s),Street Lights,Suburban,Sidewalks,Park
  • Architectural Style: Traditional

Contact Information

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  • Hoyt Hochman