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Monrovia

 The string of communities found along the foothills of the San Gabriel Mountains are an appealing destination for homebuyers, and Monrovia is no exception to the rule.

Like its neighbors, Monrovia mingles tree-lined neighborhoods, history and quaint village appeal with the benefits of easy access to the rest of the San Gabriel Valley and beyond via the 210 Foothill Freeway and public transportation.

After L.A., Santa Monica and Pasadena, Monrovia is one of the oldest cities in the Los Angeles Basin, founded in 1887, and today it’s a thriving residential community with a population of about 37,000 people.

Monrovia is a city of convenience—within easy reach of cultural centers in nearby Pasadena, the Los Angeles County Arboretum in Arcadia, and the Huntington Library in San Marino. But it also provides plenty of local interest and activity for residents in its own bustling downtown located along Myrtle Avenue, bounded by Huntington Drive to the south and Foothill Boulevard to the north.

“Convenience” is a term that not only applies to the city’s public transportation opportunities past and present –the Pacific Electric “red cars” enabled Monrovians to commute to L.A. back in 1903; a planned extension of the Metrolink Gold Line will make that a reality again today—but also to food. When you think of food that’s fast and delicious, the name “McDonald’s” may come to mind. The fast food giant started out in Monrovia in 1937 as a small restaurant called “The Airdrome” before it was relocated to San Bernardino.

For residents with an even greater appetite for history, Monrovia is also the location of the Upton Sinclair House, the home of famed muckraking journalist and author Upton Sinclair, perhaps best known for the novel “The Jungle,” which exposed the corruption of the meatpacking industry.

Monrovia’s history is so rich and diverse, in fact, that the city was honored in 1995 with an “All America City” Award from the National Civic League.

New Monrovia Listings

$8,100,000
CV24211512 MLS Active Status
We are proud to present Ridgewood Apartments, a prime multifamily investment opportunity located at 729 W Foothill Boulevard in Monrovia, California. Situated between N Sunset Place and El Nido Avenue, this property benefits from the city’s strong job market, excellent schools, and close proximity to the 210 Freeway and major attractions. Monrovia’s growing population and increasing demand for housing make this an ideal investment choice, offering potential for steady rental income and property value appreciation. The Ridgewood Apartments are a 2-story, 32-unit property originally built in 1958. The property has a total building size of ±20,160 square feet and sits on a large ±1.2 acre lot. The property features an excellent unit mix of one-bed/one-bathroom and two-bedroom/one-bathroom units averaging 633 SF per unit. Superbly maintained, the property features a communal on-site laundry facility, mature lush landscaping with a courtyard with outdoor seating, carport and surface parking. Most units have been upgraded and feature vinyl plank flooring and carpet throughout, kitchens with stainless steel appliances, ceiling fans, vertical blinds, and wall air conditioning and heating. The city of Monrovia is ideally located within Southern California offering easy access to the 210, 605, 134, 10 and 5 freeways connecting to all of Los Angeles County, Ventura County, San Bernardino and beyond. Its location offers convenient access to neighboring cities within the San Gabriel Valley. Significant local landmarks within a 20-mile radius include: Santa Anita Park, Los Angeles County Arboretum, The Huntington Library, City of Hope Hospital, The Rose Bowl, Dodger Stadium, Crypto.com Arena, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Hollywood Bowl, Universal Studios and more. The Ridgewood Apartments at 729 W Foothill Boulevard is a prime Monrovia income-producing property that offers a compelling long-term investment opportunity. Its current 2.95% interest-only debt provides an attractive financing structure, while the significant potential for rental upside— an estimated 16% growth to achieve market rents—underscores its value. Located in a highly desirable neighborhood, this property presents a stable investment opportunity for a diverse range of investors, including first-time buyers, seasoned professionals, and those seeking 1031 exchange benefits.

729 W Foothill Boulevard, Monrovia

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.