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.
For sale
Listed by: Century 21 Village Realty • Julie Bencosme • Contact: 626-202-8502
$2,500,000
406 S 5th Ave, Monrovia, CA 91016
10beds
6baths
3,804sqft
Multi Family
Built in 1948
-- sqft lot
$-- Zestimate®
$657/sqft
$-- HOA
What's special
- 65 days
- 166
- 12
Zillow last checked:
Listing updated:
Listed by:
Julie Bencosme DRE #01305364 626-202-8502,
Century 21 Village Realty,
Andy Bencosme DRE #01323356 626-921-5621,
Century 21 Village Realty
Source: CRMLS,MLS#: AR26136583
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
Rooms
- Room types: Kitchen, Living Room, Utility Room
Heating
- Central, Wall Furnace
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Included: Gas Range, Microwave, Tankless Water Heater
- Laundry: Common Area
Features
- Ceiling Fan(s), Quartz Counters, Utility Room
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall,No One Above,No One Below
Interior area
- Total structure area: 3,804
- Total interior livable area: 3,804 sqft
Property
Parking
- Total spaces: 6
- Parking features: Assigned, Carport
- Carport spaces: 6
Features
- Levels: Two
- Stories: 2
- Entry location: Living Room
- Pool features: None
- Spa features: None
- Fencing: Wood
- Has view: Yes
- View description: City Lights, Mountain(s)
Lot
- Size: 0.26 Acres
- Features: Near Park, Near Public Transit
Details
- Parcel number: 8505032026
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Stucco
- Roof: Composition
Condition
- Turnkey
- New construction: No
- Year built: 1948
Utilities & green energy
- Sewer: Unknown
- Water: See Remarks
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Biking, Curbs, Street Lights, Suburban, Sidewalks, Park
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Monrovia
Financial & listing details
- Price per square foot: $657/sqft
- Tax assessed value: $1,769,442
- Annual tax amount: $24,830
- Date on market: 6/26/2026
- Cumulative days on market: 65 days
- Listing terms: Cash,Cash to New Loan,Conventional,Submit
- Tenant pays: Electricity, Gas
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$3,126/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2026 | Listed for sale | $2,500,000+96.1%$657/sqft |
Source:  CRMLS #AR26136583 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/31/2020 | Listing removed | $1,695 |
Source: Owner Report a problem | ||
| 1/25/2020 | Price change | $1,695-5.6% |
Source: Owner Report a problem | ||
| 1/17/2020 | Listed for rent | $1,795 |
Source: Owner Report a problem | ||
| 5/19/2017 | Sold | $1,275,000+15.9%$335/sqft |
Source: Public Record Report a problem | ||
| 9/24/2008 | Sold | $1,100,500+185.8%$289/sqft |
Source: Public Record Report a problem | ||
| 10/31/1996 | Sold | $385,000$101/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,769,442 +2% |
| 2025 | $24,831 +2.3% | $1,734,788 +2% |
| 2024 | $24,265 +2.3% | $1,700,814 +2% |
| 2023 | $23,730 +2.9% | $1,667,505 +2% |
| 2022 | $23,065 +1.9% | $1,634,849 +2% |
| 2021 | $22,626 +3% | $1,602,834 +1% |
| 2020 | $21,962 | $1,586,421 +2% |
| 2019 | $21,962 -2.6% | $1,555,356 +2% |
| 2018 | $22,554 | $1,524,900 +31.7% |
| 2017 | $22,554 +37% | $1,157,564 +2% |
| 2016 | $16,461 +1.9% | $1,134,868 +1.5% |
| 2015 | $16,147 +3% | $1,117,822 +2% |
| 2014 | $15,672 | $1,095,926 +2.5% |
| 2012 | -- | $1,069,584 +2% |
| 2011 | -- | $1,048,613 +0.8% |
| 2010 | -- | $1,040,777 -5.4% |
| 2009 | -- | $1,100,500 +130.5% |
| 2008 | -- | $477,375 +2% |
| 2007 | -- | $468,016 +2% |
| 2006 | -- | $458,840 +4% |
| 2004 | -- | $441,025 +1.9% |
| 2003 | -- | $432,943 +2% |
| 2002 | -- | $424,455 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 91016
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