Monrovia Homes with Apartment Subtype

Welcome to Monrovia, California, a charming city nestled in the heart of Los Angeles County that perfectly balances small-town charm with modern conveniences. Known for its picturesque tree-lined streets, vibrant downtown area, and rich historical roots, Monrovia offers an inviting community atmosphere that appeals to families, young professionals, and retirees alike. With its proximity to the San Gabriel Mountains, outdoor enthusiasts will find endless opportunities for hiking, biking, and enjoying nature just minutes from home.

Monrovia boasts a diverse array of housing options, and one of the most appealing choices for many buyers is the homes with an apartment subtype. These properties are perfect for those seeking versatility, allowing for multi-generational living or the opportunity to generate rental income. Imagine living in a beautifully designed home while having a separate apartment space for guests or tenants, providing both privacy and convenience.

The real estate market in Monrovia is thriving, with homes featuring modern amenities, spacious layouts, and often stunning views of the surrounding mountains. As a resident, you'll enjoy access to an excellent school district, local parks, and a vibrant community calendar filled with events, farmers' markets, and seasonal festivals that bring neighbors together.

Whether you’re looking to settle down in a cozy single-family home with an apartment or invest in a property that offers rental potential, Monrovia is a fantastic choice. Come explore the charm of this lovely city and discover the perfect home that meets your needs!

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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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.