Monrovia Homes with Apartment Subtype

Welcome to Monrovia, California—an enchanting city nestled in the heart of Los Angeles County, just a stone's throw away from the San Gabriel Mountains. Known for its vibrant community spirit and picturesque surroundings, Monrovia boasts a rich history and a myriad of charming neighborhoods that make it a delightful place to call home.

Monrovia's downtown area is a bustling hub filled with unique shops, delightful eateries, and seasonal events that foster a strong sense of community. The city is also home to beautiful parks, such as the iconic Library Park, which serves as a perfect backdrop for family gatherings and community events. With its tree-lined streets and warm, welcoming atmosphere, Monrovia offers a perfect blend of suburban tranquility and urban convenience.

For those seeking a home with an apartment subtype, Monrovia presents an array of options that cater to diverse lifestyles. These homes often feature spacious layouts, modern amenities, and the potential for rental income—making them an excellent choice for first-time buyers or savvy investors. The city’s commitment to maintaining its charm while embracing growth ensures that homeowners can enjoy both comfort and convenience.

With easy access to major highways and public transportation, Monrovia is ideally situated for commuters looking to explore all that the greater Los Angeles area has to offer. Whether you're enjoying a weekend hike in the nearby foothills or savoring a meal at one of the local bistros, Monrovia truly embodies the essence of Southern California living. Come discover your perfect home in this vibrant city, where community and opportunity await!

Newest Monrovia 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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