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424 Foothill Boulevard, Monrovia, CA 91016
Priced at Only: $2,988,000
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Address: 424 Foothill Boulevard, Monrovia, CA 91016
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  • MLS#: P1-26034 ( )
  • Street Address: 424 Foothill Boulevard
  • Viewed: 1
  • Price: $2,988,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1948
  • Bldg sqft: 0
  • Days On Market: 19
  • Additional Information
  • County: LOS ANGELES
  • City: Monrovia
  • Zipcode: 91016
  • Subdivision: Not Applicable
  • Provided by: COMPASS
  • Contact: Jim Jim
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Features
Accessibility Features
  1. Parking
  2. See Remarks
Appliances
  1. Water Heater
  2. Refrigerator
  3. Gas Water Heater
  4. Tankless Water Heater
  5. Vented Exhaust Fan
  6. Range Hood
  7. Gas & Electric Range
Architectural Style
  1. Traditional
Assessments
  1. None
Association Fee
  1. 0.00
Builder Model
  1. Nice
Builder Name
  1. Mr Do it Right!
Building Area Total
  1. 5094.00
Common Walls
  1. No Common Walls
Construction Materials
  1. Frame
  2. Stucco
  3. Synthetic Stucco
Cooling
  1. Central Air
Country
  1. US
Days On Market
  1. 16
Current Financing
  1. None
Direction Faces
  1. North
Door Features
  1. Panel Doors
Electric
  1. Standard
  2. 220V Other - See Remarks
  3. Electricity - On Property
Electric Expense
  1. 622.00
Fencing
  1. Grapestake
  2. Good Condition
  3. Wrought Iron
Fireplace Features
  1. None
Flooring
  1. Tile
  2. Laminate
Foundation Details
  1. Slab
Fuel Expense
  1. 305.00
Furniture Replacement Expense
  1. 0.00
Garage Rental Rate
  1. 0.00
Garage Spaces
  1. 5.00
Gardner Expense
  1. 0.00
Green Energy Efficient
  1. Lighting
  2. HVAC
  3. Water Heater
  4. Windows
Green Energy Generation
  1. Solar
Heating
  1. Forced Air
  2. Solar
  3. Central
Inclusions
  1. All Washers and Dryers and Appliances except for one Refrigerator that belongs to the tenant.
Insurance Expense
  1. 6684.00
Interior Features
  1. Corian Counters
  2. Quartz Counters
  3. Copper Plumbing Partial
  4. Ceramic Counters
  5. Built-in Features
  6. Recessed Lighting
  7. Storage
Laundry Equipment Own Lease
  1. Own
Laundry Features
  1. Inside
  2. Gas Dryer Hookup
  3. Individual Room
  4. Electric Dryer Hookup
  5. Gas & Electric Dryer Hookup
  6. Washer Hookup
  7. Stackable
  8. Washer Included
Laundry Income
  1. 1440.00
Levels
  1. Multi/Split
  2. Two
Lockboxtype
  1. None
Lot Dimensions Source
  1. Public Records
Lot Features
  1. Desert Back
  2. Park Nearby
  3. Greenbelt
  4. Landscaped
  5. Near Public Transit
  6. Sprinklers None
  7. Level with Street
  8. Desert Front
  9. Rocks
  10. Front Yard
  11. Irregular Lot
  12. Walkstreet
  13. Level
  14. Lot 10000-19999 Sqft
  15. Garden
Netoperatingincome
  1. 155700.00
Newtaxesexpense
  1. 37500.00
Otherincome2
  1. 1428.00
Otherincomedescription
  1. Laundry $1440
Other Structures
  1. Storage
Parcel Number
  1. 8517001022
Parking Features
  1. Garage
  2. Off Street
  3. On Site
  4. Garage - Single Door
  5. Garage Faces Rear
  6. Side by Side
  7. Parking Space
Park Name
  1. Library Park
Pest Control Expense
  1. 0.00
Pool Expense
  1. 0.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Condition
  1. Turnkey
  2. Updated/Remodeled
Road Frontage Type
  1. City Street
Road Surface Type
  1. Paved
  2. Alley Paved
Roof
  1. Composition
  2. Shingle
Security Features
  1. Carbon Monoxide Detector(s)
  2. Smoke Detector(s)
Sewer
  1. Sewer Paid
  2. Public Sewer
Sourcesystemid
  1. 2026022019452674139000...
Sourcesystemkey
  1. 20260220194526741390000000:CRF
Spa Features
  1. None
Stories Total
  1. 12
Subdivision Name Other
  1. Not Applicable
Suppliesexpense
  1. 0.00
Taxarea
  1. 6-215
Tenant Pays
  1. Gas
  2. Telephone
  3. Cable TV
  4. Electricity
Totalexpenses
  1. 17401.00
Trash Expense
  1. 3897.00
Uncovered Spaces
  1. 10.00
Utilities
  1. Underground Utilities
  2. Electricity Connected
  3. Water Connected
  4. Cable Connected
  5. Cable Available
  6. Natural Gas Connected
  7. Natural Gas Available
  8. Sewer Connected
Water Sewer Expense
  1. 3468.00
Water Source
  1. Public
Window Features
  1. Double Pane Windows
Workmanscompensationexpense
  1. 0.00
Year Built
  1. 1948
Year Built Source
  1. Public Records
Zoning
  1. Multi-Family MORH
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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