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$5,695,000

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 panels and in-unit washer/dryers. The location grants tenants the convenience and walkability of more urban neighborhoods, as confirmed by its "Walker's Paradise" designation with a Walk Score of 92, along with the calm and comfort of a more suburban town. This is due largely to the property's location near the sought-after Old Town Monrovia business district, which runs along Myrtle Avenue just one block south of the property.

29 Beds ⋅ 30 Baths ⋅ 25625357 MLS ⋅ Active Status

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 panels and in-unit washer/dryers. The location grants tenants the convenience and walkability of more urban neighborhoods, as confirmed by its "Walker's Paradise" designation with a Walk Score of 92, along with the calm and comfort of a more suburban town. This is due largely to the property's location near the sought-after Old Town Monrovia business district, which runs along Myrtle Avenue just one block south of the property.

137 N Myrtle Avenue, Monrovia

$765,000

NEW PRICE — NOW EVEN MORE ATTRACTIVE. We invite you to take another look at this excellent Monrovia opportunity. With the updated pricing, this spacious 4-bedroom, 3-bath home offering 1,623 square feet of comfortable living space home stands out as one of the best values in the area. Built in 2003 and lovingly maintained by the same owner for over 20 years, the home features a practical floor plan with multiple living areas, generous bedrooms, and central heating and air conditioning for year-round comfort. The property sits on a manageable 2,005-square-foot lot, providing a low maintenance yard with room for a garden, patio, or outdoor seating. Nestled in a desirable Monrovia neighborhood near the San Gabriel foothills, this home combines modern construction with convenience and potential—ideal for buyers ready to personalize and make it their own. This property may qualify for the City of Monrovia Residential Rehabilitation Grant Program, as well as Conventional Loan renovation programs that allow buyers to finance both the purchase and improvements with as little as 3% down. Eligible options include Fannie Mae’s HomeStyle Renovation and Freddie Mac’s CHOICERenovation and CHOICE Reno Express programs. For additional information please contact Charles Thomas.

4 Beds ⋅ 3 Baths ⋅ PW25269292 MLS ⋅ Active Status

NEW PRICE — NOW EVEN MORE ATTRACTIVE. We invite you to take another look at this excellent Monrovia opportunity. With the updated pricing, this spacious 4-bedroom, 3-bath home offering 1,623 square feet of comfortable living space home stands out as one of the best values in the area. Built in 2003 and lovingly maintained by the same owner for over 20 years, the home features a practical floor plan with multiple living areas, generous bedrooms, and central heating and air conditioning for year-round comfort. The property sits on a manageable 2,005-square-foot lot, providing a low maintenance yard with room for a garden, patio, or outdoor seating. Nestled in a desirable Monrovia neighborhood near the San Gabriel foothills, this home combines modern construction with convenience and potential—ideal for buyers ready to personalize and make it their own. This property may qualify for the City of Monrovia Residential Rehabilitation Grant Program, as well as Conventional Loan renovation programs that allow buyers to finance both the purchase and improvements with as little as 3% down. Eligible options include Fannie Mae’s HomeStyle Renovation and Freddie Mac’s CHOICERenovation and CHOICE Reno Express programs. For additional information please contact Charles Thomas.

148 W Cherry Avenue, Monrovia

$3,300,000

This prime Monrovia foothill offering presents a rare opportunity to acquire both a quality income-producing property and a high-potential development site in one. Currently generating steady rental income with a ~3% CAP rate, the property offers substantial room for improvement and future upside. It’s ideal for investors who wish to maintain income while advancing subdivision or redevelopment plans, minimizing carrying costs during the entitlement process. The portfolio comprises two contiguous parcels: 537 Cloverleaf Dr. (APN: 8503-001-029) — approximately 4.88 acres with a 2,683 SF dwelling AND 539 Cloverleaf Dr. (APN: 8503-002-008) — approximately 14.97 acres with a 2,390 SF dwelling Together, the combined 19.85-acre property provides utilities on site. According to recent surveyor analysis, there is potential for 6 to 8 luxury single-family home lots. The optimal layout would likely include six primary lots, while two additional lots could be achieved with more complex hillside grading and retaining solutions. Set amid the natural beauty of Monrovia’s hillside neighborhoods and just minutes from Old Town Monrovia, schools, and major transportation corridors, this property blends immediate income stability with long-term development potential—a rare combination in one of the San Gabriel Valley’s most desirable submarkets. All provided information should be confirmed by any interested parties.

AR25241292 MLS ⋅ Active Status

This prime Monrovia foothill offering presents a rare opportunity to acquire both a quality income-producing property and a high-potential development site in one. Currently generating steady rental income with a ~3% CAP rate, the property offers substantial room for improvement and future upside. It’s ideal for investors who wish to maintain income while advancing subdivision or redevelopment plans, minimizing carrying costs during the entitlement process. The portfolio comprises two contiguous parcels: 537 Cloverleaf Dr. (APN: 8503-001-029) — approximately 4.88 acres with a 2,683 SF dwelling AND 539 Cloverleaf Dr. (APN: 8503-002-008) — approximately 14.97 acres with a 2,390 SF dwelling Together, the combined 19.85-acre property provides utilities on site. According to recent surveyor analysis, there is potential for 6 to 8 luxury single-family home lots. The optimal layout would likely include six primary lots, while two additional lots could be achieved with more complex hillside grading and retaining solutions. Set amid the natural beauty of Monrovia’s hillside neighborhoods and just minutes from Old Town Monrovia, schools, and major transportation corridors, this property blends immediate income stability with long-term development potential—a rare combination in one of the San Gabriel Valley’s most desirable submarkets. All provided information should be confirmed by any interested parties.

537 Cloverleaf Dr, Monrovia

$52,000

A rare opportunity awaits to own a prestigious and well-established floral business with over a decade of success and a sterling reputation. This flower shop has cultivated a loyal clientele and consistently earns 5-star reviews, making it one of the most trusted names in the industry. The business is a turnkey operation with proven profitability, generating approximately $100K in annual sales plus additional cash revenue. As a preferred vendor for the exclusive San Gabriel Country Club and a trusted florist for celebrity events—including those for Sofía Vergara—and elite planners like Clarissa Rezende, this business is firmly rooted in the luxury event space. The company regularly creates stunning floral arrangements for events at The Langham Pasadena, one of the area's most prestigious venues, further cementing its reputation in the high-end hospitality and events market. Its floral designs are consistently featured at other high-profile venues throughout the region. With deep industry relationships and a strong network of repeat clients, this is more than a business—it's a brand synonymous with excellence, creativity, and exclusivity. Don't miss the chance to own a thriving floral enterprise with unparalleled credibility and growth potential.

GD25221113 MLS ⋅ Active Under Contract Status

A rare opportunity awaits to own a prestigious and well-established floral business with over a decade of success and a sterling reputation. This flower shop has cultivated a loyal clientele and consistently earns 5-star reviews, making it one of the most trusted names in the industry. The business is a turnkey operation with proven profitability, generating approximately $100K in annual sales plus additional cash revenue. As a preferred vendor for the exclusive San Gabriel Country Club and a trusted florist for celebrity events—including those for Sofía Vergara—and elite planners like Clarissa Rezende, this business is firmly rooted in the luxury event space. The company regularly creates stunning floral arrangements for events at The Langham Pasadena, one of the area's most prestigious venues, further cementing its reputation in the high-end hospitality and events market. Its floral designs are consistently featured at other high-profile venues throughout the region. With deep industry relationships and a strong network of repeat clients, this is more than a business—it's a brand synonymous with excellence, creativity, and exclusivity. Don't miss the chance to own a thriving floral enterprise with unparalleled credibility and growth potential.

128 S Myrtle Avenue, Monrovia

$850,000

Location! Location! Location! Perfect opportunity for an investor to own a commercial property in a very desirable area of Monrovia. It's 2 units with 10 paring spaces in the rear. Perfect both units have there own bathroom. Shaffer Awards is an established and long time tenant. Please do not disturb tenants. Close to schools, shopping centers, sits on a main street with heavy traffic flow, within walking distance to the heart of Downtown Monrovia, adjacent property 448 W Foothill Blvd. is also for sale and they could be sold together.

CV20087691 MLS ⋅ Active Under Contract Status

Location! Location! Location! Perfect opportunity for an investor to own a commercial property in a very desirable area of Monrovia. It's 2 units with 10 paring spaces in the rear. Perfect both units have there own bathroom. Shaffer Awards is an established and long time tenant. Please do not disturb tenants. Close to schools, shopping centers, sits on a main street with heavy traffic flow, within walking distance to the heart of Downtown Monrovia, adjacent property 448 W Foothill Blvd. is also for sale and they could be sold together.

440 W Foothill Boulevard, Monrovia