609 W Foothill Boulevard
Monrovia, CA 91016
- – beds
- – baths
- – sqft
- 9,145 sqft lot
- 1953 build
- – on site
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!
Last checked:
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Last updated Feb 12, 2025
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MLS# PF25030671 —
The Building
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Year Built:1953
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Year Built Source:Public Records
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New Construction:No
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Building Area Total:5790.00
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Building Area Units:Square Feet
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Total Number Of Units:8
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# of Buildings:1
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Stories Total:2
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Entry Level:2
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:5
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# of Separate Water Meters:1
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# of Separate Electric Meters:5
Interior
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Levels:Two
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Entry Location:2 story
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Fireplace:No
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Fireplace:None
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Laundry:Common Area, Individual Room
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Laundry:1
Location
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Directions:between Highland Pl and Violet Ave
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Latitude:34.15154700
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Longitude:-118.01170400
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:MORH*
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Lot Features:Rectangular Lot, Near Public Transit, Park Nearby
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Lot Size Area:9145.0000
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Lot Size Acres:0.2099
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Lot Size SqFt:9145.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:4303.02
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Tax Tract:430...
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Tax Lot:9
The Listing
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Special Listing Conditions:Standard
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Parcel Number:8504015017
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Curbs, Sidewalks, Storm Drains, Street Lights
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Pool:None
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Senior Community:No
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Private Pool:No
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Assessments:Yes
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Assessments:Buyer to Verify, Unknown
Parking
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Parking:Yes
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Parking:Assigned
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Parking Spaces:8.00
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Garage Spaces:8.00
Extra Units
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Average 1 Bed Area:600
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Average 2 Bed Area:850
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/10/25
Feb 10, 2025
|
Listed / Active | CRMLS_CA | $2,150,000 |
