Active

616 S 5th Avenue

Monrovia, CA 91016
Mark as Favorite
Bed 6

Bed

Bath 0

Bath

SqFt2,522

Sqft

SqFt8,295

Sqft(Lot)

616 S 5th Avenue in Monrovia, CA. The property is a well-positioned three-unit multifamily asset in the heart of Monrovia, one of the San Gabriel Valley's most resilient and supply-constrained rental markets. Built in 1948, the property sits on a generous 8,294 square foot lot with 2,522 square feet of building area, offering a spacious, low-density configuration that is increasingly rare in today's market. The property is subject to AB-1482 however, it is not subject to any local rent control. The unit mix consists of two two-bedroom/one-bath apartments and one two-bedroom/one-bath standalone house, creating a diverse and appealing offering for a broad range of tenants. One unit will be delivered vacant by July 1, 2026.The property's physical footprint is one of its most compelling attrib utes. The front house benefits from both a front yard and a rear yard area, offering a level of private outdoor space rarely found in multifamily product of this size. The two rear units each enjoy their own private outdoor patio areas, providing tenants with a sense of privacy and separation that drives retention and supports premium rents. All three units are equipped with washer/dryer hookups, and on-site garages provide additional storage for tenants. Tenants are responsible for electricity and gas, keeping landlord utility exposure limited to water, trash, and gardening.A prospective buyer should note the significant value-add potential presented by the on-site garage structures. Subject to City of Monrovia approval and applicable building requirements, the existing garages may be eligible for conversion into Accessory Dwelling Units (ADUs) an increasingly viable strategy under California's expanded ADU legislation. A successful conversion could meaningfully increase the property's unit count and gross rental income without the need for ground-up construction, offering a compelling path to enhanced yield and long-term asset appreciation. Prospective purchasers are encouraged to conduct their own independent due diligence with the City of Monrovia Planning Department and a qualified contractor to evaluate feasibility, permitting requirements, and projected conversion costs.Situated in Monrovia's established residential core, the property benefits from convenient access to major employment corridors throughout the San Gabriel Valley and the greater Los Angeles basin. The 210 Freeway is moments away, connecting residents to Pasadena, the City of Hope National Medical Center in Duarte, the Azusa Pacific University corridor, and the broader employment hubs of the San Gabriel Valley and downtown Los Angeles. The Monrovia Gold Line Station further enhances connectivity, offering tenants a car-free commute option into Pasadena and beyond a feature that continues to strengthen rental demand in the immediate submarket.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $1,350,000

AD Id : 80040124

MLS Id : 26843347

Beds : 6

Lot Size : 8,295 Sqft

Living Area Size : 2,522

Year Built : 1948

County : Los Angeles

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total Bedrooms: 6

    Bathroom Information

    Total Baths: 3 Full Baths: 0 Half Baths: 0
  • Interior Features

    Interior Features: Ceiling Fan(s) Property Appliances: Refrigerator
  • Cooling Features

    None Air Conditioning

    Heating Source

    Electric Has Heating

  • Building Information

    Year Built: 1948 Building Area Total: 2,522

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1904
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 8295

  • Listing Price Information

    Original List Price: 1,350,000 Listing Contract Date: 2026-06-04
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 8506025016

  • Garage and Parking

    Garage Description: Door-Single,Garage

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 639 - Monrovia Directions: Located on South 5th Ave between W Olive Ave and W Colorado Blvd. Zoning: MORH* Source Property Type: Residential Income Area: 639 - Monrovia
  • Building and Construction

    Property Age: 78 Year Built Source: Vendor Enhanced Total Square Feet Living: 2522 Levels or Stories: Two Building Total Stories: 2
Sell a home like this and save $80,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

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
779 Norumbega, Monrovia, CA, 91016 $1,425,000 2 2 1,738 1,738 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

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/06/2026 @ 12:57

MLS: 26843347 LISTED BY: John Swartz, Compass 310-230-5478 SOURCE: CRMLS

Selling? Save $80,501 when you sell a home like this

Tour with a ByOwner Agent