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$2,500,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 1 day ago
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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.

Full Property Details for 406 S 5th Ave

General

  • Price: $2,500,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: AR26136583
  • Updated: 6/26/2026
  • Days on Market: 3 days
  • Added to Site: 3 day(s) ago

Interior

  • Rooms/Areas: Utility Room, Kitchen, Living Room
  • Interior Features: Quartz Counters, Ceiling Fan(s)
  • Fireplace(s): None
  • Appliances: Microwave, Tankless Water Heater, Gas Range

Rooms

Other Rooms

  • Laundry: Community

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Parking Features: Assigned, Carport
  • Parking: Assigned, Carport

Location

  • Area: 639 - Monrovia
  • County: Los Angeles
  • Development Name: 639 - Monrovia
  • Driving Directions: S/Foothill Blvd N/Colorado Blvd E/Santa Anita

Heating & Cooling

  • Cooling Type: Central Air, Wall/Window Unit(s)
  • Heating Type: Wall Furnace, Central

Utilities

  • Water: See Remarks
  • # Water Meters: 1
  • # Gas Meters: 7
  • # Electric Meters: 7

Structural Information

  • Roof: Composition
  • Entry Location: Living Room
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 3,804
  • Year Built: 1948

Unit Information

Unit 1

  • Number of Units: 4
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Number of Units: 2
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Property View: Mountain(s), City Lights
  • Lot Size (Acres): 0.2599
  • Lot Size (Sq. Ft.): 11,320
  • Lot Size Source: Assessor
  • Lot Description: Near Public Transit, Park Nearby, Lot 10000-19999 Sqft

Financial Considerations

  • Price Per Sq. Ft.: $657.2
  • Price Per Unit: 416667

Listed by Century 21 Village Realty, Julie Bencosme and Century 21 Village Realty, Andy Bencosme

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Listing agents

— 406 S 5th Ave —

  • Julie Bencosme

    Century 21 Village Realty

  • Andy Bencosme

    Century 21 Village Realty

626-202-8502

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 406 S 5th Ave

School District:Monrovia Unified School District
NameGradesDistance
Plymouth Elementary School, Monrovia, CA
1300 Boley Street, Monrovia, CA 91016
K-52.3 mi
Santa Fe Computer Science Magnet
148 West Duarte Road, Monrovia, CA 91016
6-81.5 mi
Monrovia High School
845 West Colorado Boulevard, Monrovia, CA 91016
9-120.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 406 S 5th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/26/2026
Listed
$2,500,000
96.08%
MLS
3/28/2017
Sold
$1,275,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 406 S 5th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$24,831
5%
$1,732,748
4%
2023
$23,730
3%
$1,667,505
2%
2022
$23,065
2%
$1,634,849
2%
2021
$22,626
3%
$1,602,834
1%
2020
$21,962
2%
$1,586,421
2%
2019
$21,598
-4%
$1,553,316
2%
2018
$22,554
37%
$1,522,860
32%
2017
$16,461
2%
$1,157,564
2%
2016
$16,147
2%
$1,134,868
2%
2015
$15,809
1%
$1,117,822
2%
2014
$15,672
2%
$1,095,926
—
2013
$15,308
—
$1,090,974
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Century 21 Village Realty, Julie Bencosme and Century 21 Village Realty, Andy Bencosme

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406 S 5th Avenue, Monrovia, CA 91016 (MLS# AR26136583) is a Multi-Family property with 6 units containing 0 bedrooms and 0 full bathrooms. 406 S 5th Avenue is currently listed for $2,500,000 and was received on June 26, 2026. Want to learn more about 406 S 5th Avenue? Do you have questions about finding other Multi-Family real estate for sale in Monrovia? You can browse all Monrovia real estate or contact a Coldwell Banker agent to request more information.

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