Monrovia (639) Homes with Apartment Subtype

Welcome to Monrovia, California – a charming city nestled in the heart of Los Angeles County, known for its rich history, vibrant community, and picturesque landscapes. With a population of around 39,000, Monrovia offers a perfect blend of suburban tranquility and urban convenience, making it an ideal place to call home.

Monrovia boasts a variety of housing options, including homes with apartment subtypes, which are perfect for those seeking flexibility and additional income potential. These unique properties often feature separate living spaces, allowing homeowners to enjoy the benefits of renting out an apartment while still residing in the main house. This setup is ideal for multi-generational families, young professionals looking for roommate situations, or investors seeking rental opportunities in a thriving market.

The city is renowned for its historic downtown area, where you can find a delightful mix of boutiques, restaurants, and cafes, all framed by the stunning San Gabriel Mountains. Monrovia’s commitment to community is evident in its numerous parks, cultural events, and festivals throughout the year, creating a tight-knit atmosphere that welcomes newcomers with open arms.

Additionally, Monrovia’s excellent schools, easy access to public transportation, and proximity to major freeways make it a prime location for families and commuters alike. Whether you're looking for a cozy bungalow with an apartment suite or a spacious family home with rental potential, Monrovia has something to offer everyone. Discover the charm and opportunities that await you in this delightful city, where your dream home may just be waiting around the corner!

Newest Monrovia (639) Homes with Apartment Subtype

$2,500,000

AR26136583 MLS ⋅ Active Status

Prime 6-Unit Investment Opportunity in Highly Desirable Location — NO CITY RENT CONTROL! Welcome to an exceptional, turnkey multi-family investment property situated in a highly sought-after neighborhood just North of Colorado Blvd and South of Foothill Blvd. Impeccably maintained and boasting a phenomenal rental history with 100% occupancy ("always rented"), this complex offers a rare combination of immediate cash flow and hassle-free management. The Unit Mix & Layout: Four (4) 2-Bedroom / 1-Bathroom Units: Approximately 650 sq. ft. each. These highly desirable, single-story ground-level units are attached in the front of the complex. They feature private rear patios. Two (2) 1-Bedroom / 1-Bathroom Units: Approximately 500 sq. ft. each. Quietly situated above the rear carport area. Extensive Modern Upgrades: Five of the six front units have undergone complete, high-end renovations designed to attract top-tier tenants. Upgrades in these units include: Climate & Efficiency: Central heat and air for year-round comfort (one unit features a window AC), plus energy-efficient tankless water heaters. Interior Finishes: Beautiful laminate flooring, recessed lighting, elegant crown molding, and modern ceiling fans. Gourmet Kitchens: Upgraded with sleek quartz countertops and premium stainless steel appliances (including refrigerator, range, and microwave). Luxury Baths: Thoughtfully remodeled featuring a shower-over-tub enclosed with a sleek glass door. Property Amenities: Parking: 6 covered carport spaces at the rear of the property (1 dedicated space per unit). Laundry: Convenient on-site, coin-operated laundry room equipped with 1 washer and 1 dryer (additional income stream). Location: Perfectly positioned close to premier shopping, vibrant dining options, and major thoroughfares. This is a true pride-of-ownership property in a fantastic area. With no city rent control and units consistently in high demand, this is a golden opportunity to add a high-performing asset to your real estate portfolio. PLEASE NOTE: DRIVE-BY ONLY. DO NOT DISTURB TENANTS UNDER ANY CIRCUMSTANCES.

406 S 5th Avenue, Monrovia

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