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729-733 W Foothill Blvd
Monrovia, CA 91016

$8,100,000 USD

Apartments For Sale  •  20,160 SF

Property Details

  • Property Type Apartments
  • Total Building Size 20,160 SF
  • Lot Size 1.03 AC
  • Building Class C
  • Year Built 1958
  • Cap Rate 4.80 %
  • Zoning RH, Monrovia
23 Transit Score
61 Walk Score

Highlights

Desirable City of Monrovia North of the 210 Freeway Located on Foothill Boulevard
Historically High Occupancy
±20,160 SF Superbly Maintained Property Situated on ±44,854 SF Lot
Unit Mix Features One & Two-Bedroom Floor Plans | Average Unit Size of ±633 SF
6.18% Cash on Cash Return with Current Income, 8.89% Return with Pro Forma Income with Loan Assumption
Operational & Rental Upside Opportunity - New Investor has the Opportunity to Significantly Improve Building Operations to Increase NOI

Financial Summary (Actual)

Net Operating Income: $388,611 USD (2023)
Cap Rate: 4.80 %
Total Expenses: $294,135 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Balcony
  • Controlled Access
  • Disposal
  • Tenant Controlled HVAC
  • Range
  • Deck
  • Patio
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
El Monte (San Bernardino Line - Southern California Regional Rail Authority (Metrolink)) 14 min - 6.3 mi
Baldwin Park (San Bernardino Line - Southern California Regional Rail Authority (Metrolink)) 15 min - 7.6 mi
AirportDriveWalkDistance
Bob Hope 32 min - 24.3 mi
Ontario International 40 min - 29.7 mi
Long Beach (Daugherty Field) 44 min - 33.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 7
Type: Surface
Included in Rent: Yes
Eric Chen 909-418-2071 CBRE, Inc.
Eric Chen 909-418-2071 CBRE, Inc.