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Listed by: Roderick 'Rick' Raymundo (213) 943-1855 DRE #01357019 | Marcus & Millichap (818) 212-2700
$5,975,000
29 Beds
30 Baths
14,405sqft
137 N Myrtle Ave, Monrovia, CA 91016
$5,975,000
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Multi Family
Built in 1958
$-- HOA
32,845 sqft lot
$415/sq.ft
Description
Spanning four separate buildings, 137 and 147 N Myrtle Avenue, along with 146 and 148 Stedman Place, the property covers three separate parcels totaling a large 32,485 square foot, block-to-block area of land. Because the City of Monrovia does not have its own restrictive local rent control, the property benefits from higher allowable rent increases under California's statewide AB 1482. This may help a new owner to recapture the approximately 26% in rent upside more rapidly, leading to a more dramatic increase in future cash flow. Monrovia is also not subject to the expensive Measure ULA taxes that burden nearby Los Angeles, allowing investors to keep substantially more ...
Continue Reading- Houzeo last checked: 26 Minutes ago
- Listing updated: December 5, 2025 at 12:24 am
- Source: California Regional MLS-CA | MLS#: 25625357
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1958
HOA Fees
-
Finished Area
14,405 sqft
Lot Size
32,845 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25625357
MLS Status
Active
Days on Market
2
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