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 Bedrooms: 29Bathroom Information
Total Baths: 30 Full Baths: 0 Half Baths: 0
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Building Information
Year Built: 1958 Building Area Total: 14,405
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.754 -
Lot Size Source: Assessor Lot Size Square Feet: 32845
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Listing Price Information
Original List Price: 5,695,000 Listing Contract Date: 2025-12-03 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 8519023005
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Garage and Parking
Garage Description: AssignedHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: 639 - Monrovia Directions: 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. Zoning: MORH* Source Property Type: Residential Income Area: 639 - Monrovia -
Building and Construction
Property Age: 68 Year Built Source: Vendor Enhanced Total Square Feet Living: 14405 Levels or Stories: Two Building Total Stories: 2
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 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 | 2 | 2,676 | 2,676 SqFt |
| 108 S Mountain #A, Monrovia, CA, 91016 | $920,000 | 4 | 1 | 1,658 | 1,658 SqFt |
| 348 N Mountain, Monrovia, CA, 91016 | $1,378,000 | 4 | 2 | 1,660 | 1,660 SqFt |
| 888 Oakglade, Monrovia, CA, 91016 | $2,180,000 | 3 | 3 | 2,582 | 2,582 SqFt |
| 1035 #47 E Huntington Dr., Monrovia, CA, 91016 | $182,000 | 2 | 2 | 1,140 | 1,140 SqFt |
| 845 Oakdale, Monrovia, CA, 91016 | $1,149,000 | 3 | 2 | 1,278 | 1,278 SqFt |
| 846 Oakdale Avenue, Monrovia, CA, 91016 | $995,000 | 3 | 1 | 1,030 | 1,030 SqFt |
| 264 Norumbega, Monrovia, CA, 91016 | $1,679,000 | 3 | 2 | 2,681 | 2,681 SqFt |
| 1020 Mountain #24, Monrovia, CA, 91016 | $168,000 | 2 | -- | 1,248 | 1,248 SqFt |
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ByOwner last updated this listing 06/09/2026 @ 21:41
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