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137 N Myrtle Avenue, Monrovia, CA 91016

Local realty services provided by:CENTURY 21 Jordan-Link
137 N Myrtle Avenue,Monrovia, CA 91016
$5,975,000
  • 29 Beds
  • 30 Baths
  • 14,405 sq. ft.
  • Multi-family
  • Active
Listed by: roderick 'rick' raymundo
Office: marcus & millichap
MLS#:25625357
Source:CRMLS

Price summary

  • Price:$5,975,000
  • Price per sq. ft.:$414.79

About this home

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 throughout. Most of these units have already been upgraded to include varying combinations of remodeled bathrooms, updated kitchen appliances, new wood flooring, and, in select units, upgraded electrical

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Home facts

  • Year built:1958
  • Listing ID #:25625357
  • Added:57 day(s) ago
  • Updated:January 25, 2026 at 11:31 AM

Rooms and interior

  • Bedrooms:29
  • Total bathrooms:30
  • Living area:14,405 sq. ft.

Structure and exterior

  • Year built:1958
  • Building area:14,405 sq. ft.
  • Lot area:0.75 Acres

Finances and disclosures

  • Price:$5,975,000
  • Price per sq. ft.:$414.79
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