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For sale
    • Listed by: Century 21 Village Realty • Julie Bencosme • Contact: 626-355-1451
    $2,500,000

    406 S 5th Ave, Monrovia, CA 91016

    10beds
    6baths
    3,804sqft
    : 
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    Multi Family
    Built in 1948
    -- sqft lot
    $-- Zestimate®
    $657/sqft
    $-- HOA

    What's special

    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.
    19 days
    |
    235
    |
    12
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    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#: AR26136583MLS LogoOriginating MLS: California Regional MLS

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      Facts & 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: $1,734,788
      • Annual tax amount: $24,830
      • Date on market: 6/26/2026
      • Cumulative days on market: 19 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

        $3,022/mo

        Price history

        DateEventPrice
        6/26/2026Listed for sale$2,500,000+96.1%$657/sqft
        Source: CRMLS #AR26136583 Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        1/31/2020Listing removed$1,695
        Source: Owner Report a problem
        1/25/2020Price change$1,695-5.6%
        Source: Owner Report a problem
        1/17/2020Listed for rent$1,795
        Source: Owner Report a problem
        5/19/2017Sold$1,275,000+15.9%$335/sqft
        Source: Public Record Report a problem
        9/24/2008Sold$1,100,500+185.8%$289/sqft
        Source: Public Record Report a problem
        10/31/1996Sold$385,000$101/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 91016

        Getting around

        60 / 100
        Somewhat Walkable
        53 / 100
        Good Transit
        56 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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