John E Burge

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406 S 5th AvenueMonrovia, CA 91016

Multi-Family · 3,804 Sq. ft. | 0.26 Acres
$2,500,000 Active

406 S 5th Avenue Overview

Time on Site:
4 days
Visits:
0

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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406 S 5th Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,804
  • Price/Sq.ft. $657
  • Lot 0.26 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: None

Income/Expenses

  • Electric Expense: 563.0
  • Gardener Expense: 2400.0
  • Gross Income: 1320.0
  • Gross Scheduled Income: 169080.0
  • Insurance Expense: 6886.0
  • Maintenance Expense: 8200.0
  • Net Operating Income: 111632.0
  • Operating Expense: 52376.0
  • Trash Expense: 4803.0
  • Water Sewer Expense: 3997.0

Building Information

  • New Construction: No
  • Year Built: 1948

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: 639 - Monrovia
  • Postal City: MONROVIA

Community/Development

  • Community Features: Biking,Curbs,Street Lights,Suburban,Sidewalks,Park

Rent/Lease Information

  • Land Lease: No
  • Tenant Pays: Electricity,Gas

Tax Information

  • Tax Annual Amount: 24830.0

General Information

  • Listing Terms: Cash,Cash to New Loan,Conventional,Submit
  • Parcel Number: 8505032026
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Rent Control: No
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage: No

Building Interior

  • Building Area Total: 3804.0
  • Building Area Units: Square Feet

General Information

  • Appliances: Gas Range,Microwave,Tankless Water Heater
  • Common Walls: 1 Common Wall,No One Above,No One Below
  • Entry Level: 1
  • Entry Location: Living Room
  • Fireplace Features: None
  • Fireplace: No
  • Interior Features: Ceiling Fan(s),Quartz Counters,Utility Room
  • Laundry Features: Common Area
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)
  • Spa Features: None
  • Spa: No
  • Stories: 2
  • Stories Total: 2

Exterior

Parking Information

  • Parking Features: Assigned,Carport
  • Parking Total: 6.0

Lot Information

  • Additional Parcels: No
  • Lot Features: Near Park,Near Public Transit
  • Lot Size Acres: 0.2599
  • Lot Size Area: 11320.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 11320.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Road Surface Type: Paved
  • Elevation Units: Feet
  • Water Source: See Remarks

Waterfront/View

    Building Exterior/Construction

    • Construction Materials: Stucco
    • Property Attached: Yes
    • Roof: Composition

    General Information

    • Carport Spaces: 6.0
    • Carport: Yes
    • Fencing: Wood
    • Number Of Units Total: 6
    • Pool Features: None
    • Pool Private: No
    • Road Frontage Type: City Street
    • Sewer: Unknown
    • Utilities: Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected

    406 S 5th Avenue Neighborhood

    Community

    91016 (MONROVIA) Demographics

    40
    Median Age
    4,848
    Population Density (per sq. mile)
    48%
    College Educated
    $82,801
    Estimated Median Income
    7,214
    Estimated Total Home Owners
    7,379
    Estimated Total Renters
    49% / 51%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    406 S 5th Avenue Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    406 S 5th Avenue Market Data

    Based on the last 30 days in this zip code

    $1,268,070
    Average List Price
    $659
    Average Price per Square Foot
    18
    Properties Sold
    59
    Average Days on Market
    137
    Properties for Sale
    Calculations provided by Reliance Network

    406 S 5th Avenue History

    Date Event Value Agent
    6/26/2026Source: CRMLS Added to Database
    June 26, 2026
    Listing provided courtesy of Century 21 Village RealtyJulie Bencosme- MLS# AR26136583MLS ProviderContact Information: [email protected] - 626-355-1451
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