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406 S 5th Avenue
Monrovia CA 91016 US

$2,500,000

Active Listing ID AR26136583
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3 bed
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2.00 Bath (2 Full)
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Lot: 11,320.00 Square Feet
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Apartment

$2,500,000

Active Listing ID AR26136583
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406 S 5th Avenue Prime 6-Unit Investment Opportunity in Highly Desirable Location — NO CITY RENT CONTROL! Welcome to an exceptional, turnkey multi-family investment property situated in a highly sought-after neighborhood just North of Colorado Blvd and South of Foothill Blvd. Impeccably maintained and boasting a phenomenal rental history with 100% occupancy ("always rented"), this complex offers a rare combination of immediate cash flow and hassle-free management. The Unit Mix & Layout: Four (4) 2-Bedroom / 1-Bathroom Units: Approximately 650 sq. ft. each. These highly desirable, single-story ground-level units are attached in the front of the complex. They feature private rear patios. Two (2) 1-Bedroom / 1-Bathroom Units: Approximately 500 sq. ft. each. Quietly situated above the rear carport area. Extensive Modern Upgrades: Five of the six front units have undergone complete, high-end renovations designed to attract top-tier tenants. Upgrades in these units include: Climate & Efficiency: Central heat and air for year-round comfort (one unit features a window AC), plus energy-efficient tankless water heaters. Interior Finishes: Beautiful laminate flooring, recessed lighting, elegant crown molding, and modern ceiling fans. Gourmet Kitchens: Upgraded with sleek quartz countertops and premium stainless steel appliances (including refrigerator, range, and microwave). Luxury Baths: Thoughtfully remodeled featuring a shower-over-tub enclosed with a sleek glass door. Property Amenities: Parking: 6 covered carport spaces at the rear of the property (1 dedicated space per unit). Laundry: Convenient on-site, coin-operated laundry room equipped with 1 washer and 1 dryer (additional income stream). Location: Perfectly positioned close to premier shopping, vibrant dining options, and major thoroughfares. This is a true pride-of-ownership property in a fantastic area. With no city rent control and units consistently in high demand, this is a golden opportunity to add a high-performing asset to your real estate portfolio. PLEASE NOTE: DRIVE-BY ONLY. DO NOT DISTURB TENANTS UNDER ANY CIRCUMSTANCES.

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Property Features

  • Facts
  • Lot Size: 11,320.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Apartment
  • Features
  • Full Bathrooms: 2
  • Cooling System: Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)
  • Exterior Finish: Fence, Community Features Included: Curbs, Biking, Street Lights, Sidewalks, Suburban, Near Public Transit, Park Nearby, Lot 10000-19999 Sqft
  • Roof Type: Composition
  • Heating Fuels: Central, Wall Furnace

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Apartment
  • listprice: 2500000
  • unparsedaddress: 406 S 5th Avenue
  • postalcity: Monrovia
  • stateorprovince: CA
  • country: US
  • postalcode: 91016
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.259871441689624
  • lotsizeunits: Square Feet
  • lotsizearea: 11320
  • livingarea: 3804
  • livingareaunits: Square Feet
  • listagentfullname: Julie Bencosme
  • listagentemail: Julie@C21Village.com
  • listagentkey: 3yd-MRMLSCA-A36182
  • listagentmlsid: A36182
  • listagentpreferredphone: 6262028502
  • listagentofficephone: 6263551451
  • listofficekey: 3yd-MRMLSCA-3312
  • listagentstatelicense: 01305364
  • listofficemlsid: 3312
  • disclaimer: Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1948
  • listingcontractdate: 2026-06-26
  • listagenturl: http://www.julieville.com
  • countyorparish: Los Angeles
  • parcelnumber: 8505032026
  • appliances: Microwave, Range, Range - Gas
  • cooling: Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)
  • constructionmaterials: Stucco
  • heating: Central, Wall Furnace
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 6
  • parkingfeatures: Assigned, Carport
  • roof: Composition
  • view: City, Mountain
  • waterfrontyn: False
  • franchiseaffiliation: Century 21 Real Estate
  • interiorfeatures: Quartz Counters, Ceiling Fan(s), Carbon Monoxide Detector(s)
  • exteriorfeatures: Fence, Community Features Included: Curbs, Biking, Street Lights, Sidewalks, Suburban, Near Public Transit, Park Nearby, Lot 10000-19999 Sqft
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Kitchen, Living Room, Utility Room
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"CENTURY 21 Village Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"Julie@C21Village.com", "ListBrokerageCity":"Sierra Madre", "ListBrokerageCountry":"US", "ListBrokerageEmail":"andy@andy4re.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MRMLSCA/c5ababc31e59c24b011e5cac8ec60087/20101012144142465.png", "ListBrokerageName":"CENTURY 21 Village Realty", "ListBrokeragePhone":"(626) 355-1451", "ListBrokeragePostalCode":"91024", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":"Suite A", "ListBrokerageUnparsedAddress":"38 W Sierra Madre Blvd", "ListBrokerageWebsiteUrl":"http://www.c21village.com", "ListOfficeAddress1":"38 W Sierra Madre Blvd Suite A", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"A35740", "ListOfficeCity":"Sierra Madre", "ListOfficeCountry":"US", "ListOfficeEmail":"homes@c21village.com", "ListOfficePostalCode":"91024", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Apartment - Monrovia, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/406-S-5th-Ave_Monrovia_CA_91016_M93622-95210?f=listhub&s=MRMLSCA&m=AR26136583&c=rexren", "MLSModificationTimestamp":"2026-06-26T15:16:11Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Apartment", "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 6/26/2026 11:34:54 PM GMT
Source Updated Date: 6/30/2026 12:50:44 AM GMT

Courtesy of: Julie Bencosme, Century 21 Village Realty, Julie@C21Village.com

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.