609 W Foothill Boulevard, Monrovia CA, 91016

Active

609 W Foothill Boulevard

Monrovia CA, 91016

$2,150,000

$371.33 per sqft

Active

5,790 sqft

Condos

Built in 1953

Listed by Lynne Tran with Magnolia Realty 626-627-9015

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!

PF25030671

MLSⓇ ID

February 10, 2025

Listed

February 13, 2025

Updated

Interior Features

Total Stories: 2
Laundry Description: Common Area, Laundry Room
Fireplace: No
Fireplace Description: None
Cooling: Yes
Cooling Description: Wall/Window Unit(s)
Heating: Yes
Heating Description: Wall Furnace

Exterior/Building Features

Lot Size: 0.21 Acres
Lot Features: Near Park, Near Public Transit, Rectangular Lot
Sewer: Public Sewer

Other Property Details

Area Name: 639 - Monrovia
Days on Market: 2
Garage: Yes
Garage Spaces: 8
Parking: Assigned
Parking Total: 8
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: MORH*

Listing Contact: 626-627-9015

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/13/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 2/13/2025 at 11:12 AM UTC