Monrovia, CA 91016,609 W Foothill BLD
Monrovia, CA 91016,609 W Foothill BLD
Monrovia, CA 91016,609 W Foothill BLD
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$2,150,000
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Pending

609 W Foothill BLD Monrovia, CA 91016

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Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

MLS Listing ID CRPF25030671

Originating Board California Regional MLS

Year Built 1953

Lot Size 9,145 Sqft

Property Description

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!

Location

State CA

County Los Angeles

Area 639 - Monrovia

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Laundry In Laundry Room, Laundry Area

Exterior

Parking Features Assigned Spaces

Garage Spaces 8.0

Pool None

Building

Water District - Public

Others

Tax ID 8504015017

Special Listing Condition Not Applicable


MLS Listing IDX PLUS
Listed by Lynne Tran • Magnolia Realty

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agent

Deven Siggins

Agent | License ID: 01989481

+1(831) 508-9596

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609 W Foothill BLD