137 N Myrtle Avenue
Monrovia, CA 91016
29
Bed
0
Bath
14,405Sqft
32,845Sqft(Lot)
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 profits from building ownership. The buildings feature an excellent unit mix with mostly two-bedroom apartments througho
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 29Bathroom Information
Total Baths: 30
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Building Information
Year Built: 1958Building Area Total: 14405Stories: 2Private Pool: No
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Lot Information
Main Square Feet: 32845 Lot Size Acres: 0.754 Lot Size Source: Assessor Lot Size Square Feet: 32,845
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Listing Price Information
Listing Price: $5695000Original Price: $5975000
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Tax Information
Parcel Number: 8519023005
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Virtual Tour
Parking Information
Parking Total: 16 Assigned
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Location Information
Direction: We are pleased to announce the opportunity to purchase 137 N Myrtle Avenue, an 18-unit multifamily property located in the picturesque foothills of Monrovia, CA.
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 416 Jeffries Avenue #59, Monrovia, CA, 91016 | $349,000 | 3 | 2 | 1,052 | 1,052 SqFt |
| 620 Terrado Drive, Monrovia, CA, 91016 | $1,598,500 | 3 | 3 | 2,281 | 2,281 SqFt |
| 771 Norumbega Drive, Monrovia, CA, 91016 | $1,698,000 | 3 | 2 | 2,489 | 2,489 SqFt |
| 785 Norumbega Drive, Monrovia, CA, 91016 | $1,450,000 | 4 | 3 | 2,676 | 2,676 SqFt |
| 157 Madeline Drive, Monrovia, CA, 91016 | $1,160,000 | 3 | 2 | 1,394 | 1,394 SqFt |
| 108 S Mountain #A, Monrovia, CA, 91016 | $910,000 | 4 | 1 | 1,658 | 1,658 SqFt |
| 603 Parkrose, Monrovia, CA, 91016 | $1,488,000 | 3 | 2 | 2,121 | 2,121 SqFt |
| 1035 #47 E Huntington Dr., Monrovia, CA, 91016 | $182,000 | 2 | 2 | 1,140 | 1,140 SqFt |
| 824 Ocean View Avenue, Monrovia, CA, 91016 | $1,770,000 | 4 | 3 | 3,279 | 3,279 SqFt |
| 845 Oakdale, Monrovia, CA, 91016 | $999,888 | 2 | 2 | 1,278 | 1,278 SqFt |
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ByOwner last updated this listing 07/25/2026 @ 03:44
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