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729-733 W Foothill Blvd
Monrovia, CA 91016

$7,600,000 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 5.37 %
Zoning RH, Monrovia

23 Transit Score

64 Walk Score

                
                    Highlights
                
                                Superbly Maintained 32-Unit Asset Featuring Consistent High Occupancy Levels Located in the Desirable City of Monrovia North of the 210 Freeway 
                            
                                Favorable Debt to Assume | 2.95% Interest Only Payments until November 2030 Allows a New Investor to Cash Flow Over 6% Year-1
                            
                                Attractive 7.40% Cash on Cash Return with Current Income, 10.03% Return with Pro Forma Income with Loan Assumption
                            
                                Currently 5.37% Cap Rate on Current Income, 6.80% Cap Rate at Market Rents
                            
                                ±20,160 SF Pride of Ownership Asset Situated on ±44,854 SF Lot
                            
                                Unit Mix Features One & Two-Bedroom Floor Plans | Average Unit Size of ±633 SF

Financial Summary (Actual)

Net Operating Income: $408,125 USD (2025)

Cap Rate:	5.37 %
Total Expenses:	$309,866 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Ridgewood Apartments

Amenities

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

Public Transportation

Commuter Rail	Drive	Walk	Distance
El Monte (San Bernardino Line - Southern California Regional Rail Authority (Metrolink))	14 min	-	6.5 mi
Baldwin Park (San Bernardino Line - Southern California Regional Rail Authority (Metrolink))	17 min	-	7.8 mi
Airport	Drive	Walk	Distance
Bob Hope	33 min	-	24.3 mi
Ontario International	40 min	-	29.7 mi
Long Beach (Daugherty Field)	45 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.

729-733 W Foothill Blvd Monrovia, CA 91016