Listed by Julie Bencosme, Century 21 Village Realty, (626) 202-8502
$2,500,000
10 Beds
6 Baths
3,804 sqft (on 0.26 acres)
406 S 5th Ave, Monrovia, CA 91016
Est. Mortgage $15,785/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1948
0.26 acre lot
$657/sqft
6 Carport Spaces
Local Information
- Map ViewExplore the area around 406 S 5th Ave.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
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.
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.
Home Details for 406 S 5th Ave
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Interior Details Number of Rooms: 3Types of Rooms: Kitchen, Living Room, Utility Room |
Beds & Baths Number of Bedrooms: 10Number of Bathrooms: 6 |
Appliances & Utilities Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water ConnectedAppliances: Gas Range, Microwave, Tankless Water HeaterLaundry: Common AreaMicrowave |
Heating & Cooling Heating: Central,Wall FurnaceHas CoolingAir Conditioning: Central Air,Wall/Window Unit(s)Has HeatingHeating Fuel: Central |
Fireplace & Spa Fireplace: NoneSpa: NoneNo FireplaceNo Spa |
Windows, Doors, Floors & Walls Common Walls: 1 Common Wall, No One Above, No One Below |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoEntry Location: Living Room |
View Has a ViewView: City Lights, Mountain(s) |
Security Security: Carbon Monoxide Detector(s), Smoke Detector(s) |
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Exterior Home Features Roof: CompositionFencing: WoodNo Private Pool |
Parking & Garage Number of Carport Spaces: 6Number of Covered Spaces: 6Has a CarportNo GarageNo Attached GarageParking Spaces: 6Parking: Assigned,Carport |
Pool Pool: None |
Frontage Road Frontage: City StreetRoad Surface Type: PavedNot on Waterfront |
Water & Sewer Sewer: Unknown |
Surface & Elevation Elevation Units: Feet |
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Cumulative Days on Market: 12Days on Market: 77 |
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Year Built Year Built: 1948 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: StuccoNot a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Condition: TurnkeyParcel Number: 8505032026 |
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Price List Price: $2,500,000Price Per Sqft: $657 |
Status Change & Dates Possession Timing: See Remarks |
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MLS Status: Active |
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Direction & Address City: Monrovia |
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Listing Agent Listing ID: AR26136583 |
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Building Area Building Area: 3804 Square Feet |
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Community Features: Biking, Curbs, Street Lights, Suburban, Sidewalks, ParkNot Senior Community |
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Association for this Listing: California Regional MLSHOA Fee: No HOA Fee |
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Lot Area: 0.26 acres |
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Special Conditions: Standard |
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Listing Terms: Cash, Cash to New Loan, Conventional, Submit |
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Expense Tenant Pays: Electricity, Gas |
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No Rent Control |
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Mls Number: AR26136583Living Area Range Units: Square FeetAttribution Contact: 626-202-8502Common Interest: NoneUniversal Property Id: US-06037-N-8505032026-R-N |
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BikingCurbsStreet LightsSuburbanSidewalksParkSource Internet Entire Listing Display |
Around this home
What Locals Say about Monrovia
At least 409 Trulia users voted on each feature.
92 % Say it's dog friendly
84 % Say there are sidewalks
83 % Say it's walkable to restaurants
80 % Say it's walkable to grocery stores
80 % Say parking is easy
74 % Say there's holiday spirit
71 % Say yards are well-kept
68 % Say people would walk alone at night
67 % Say car is needed
64 % Say streets are well-lit
63 % Say there's wildlife
62 % Say they plan to stay for at least 5 years
61 % Say it's quiet
60 % Say kids play outside
55 % Say neighbors are friendly
38 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
Market trends in Monrovia
Last updated July 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
73
4MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.07 | Multi-Family Home | $1,580,000 | 08/10/26 | 6 | 5 | 3,120 | |
0.16 | Multi-Family Home | $1,280,000 | 08/24/26 | 6 | 3 | 2,522 | |
0.04 | Multi-Family Home | $1,067,000 | 02/04/26 | 4 | 2 | 2,284 | |
0.58 | Multi-Family Home | $1,940,000 | 02/19/26 | 8 | 5 | 4,857 | |
0.57 | Multi-Family Home | $2,250,000 | 06/26/26 | 11 | 9 | 6,090 | |
0.23 | Multi-Family Home | $950,000 | 02/27/26 | 4 | 2 | 1,568 | |
0.79 | Multi-Family Home | $2,050,000 | 03/24/26 | 8 | 7 | 5,203 | |
0.69 | Multi-Family Home | $1,238,000 | 08/13/26 | 6 | 3 | 2,447 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.04 | $1,067,000 | 4 | 2 | 2,284 | Recently Sold | |
0.08 | $1,089,700 | 3 | 2.5 | 1,974 | Off Market | |
0.07 | $1,580,000 | 6 | 5 | 3,120 | Recently Sold | |
0.12 | $2,048,600 | 5 | 3 | 3,132 | Off Market | |
0.15 | $1,268,000 | 3 | 2 | 1,430 | Off Market | |
0.16 | $1,280,000 | 6 | 3 | 2,522 | Recently Sold | |
0.17 | $918,000 | 4 | 2.5 | 1,440 | For Sale | |
0.18 | $875,400 | 4 | 2.5 | 1,614 | Off Market | |
0.18 | $810,000 | 3 | 3 | 1,686 | Recently Sold | |
0.13 | $1,238,100 | 4 | 3 | 2,204 | Off Market | |
0.14 | $2,448,700 | 5 | 6 | 4,205 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jun 26, 2026 Source: CRMLS #AR26136583 | Listed For Sale | $2,500,000 |
Mar 24, 2021 Source: N/A | ListingRemoved | |
Jan 31, 2020 Source: N/A | ListingRemoved | $1,695 |
Jan 25, 2020 Source: N/A | PriceChange | $1,695 Price decreased by 6% |
Jan 17, 2020 Source: N/A | Listed For Rent | $1,795 |
May 19, 2017 Source: N/A | Sold | $1,275,000 |
Sep 24, 2008 Source: N/A | Sold | $1,100,500 |
Oct 31, 1996 Source: N/A | Sold | $385,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2026 | Unavailable | $1,769,442 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Julie Bencosme, Century 21 Village Realty
Agent Phone: (626) 202-8502
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-09-11 00:47:25 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-09-11 00:47:25 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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Frequently asked questions about 406 S 5th Ave
- What is the estimated monthly payment for 406 S 5th Ave?Based on a $2,500,000 list price with 20% down at today's rates, the estimated monthly payment for 406 S 5th Ave in Monrovia, CA is approximately $15,906 (about $13,373 principal & interest, $2,458 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- What do residents say about Monrovia?Residents describe Monrovia, CA as dog-friendly, pedestrian-friendly, and walkable to restaurants. See homes for sale in Monrovia, CA.
- What are the closest schools to 406 S 5th Ave?The closest schools to 406 S 5th Ave in Monrovia, CA are Monrovia High School (rated 7/10), Plymouth Elementary School (Pre-K, rated 8/10), Santa Fe Computer Science Magnet (Middle, rated 6/10).
- Does 406 S 5th Ave have air conditioning?Yes, 406 S 5th Ave in Monrovia, CA has air conditioning.
- Does 406 S 5th Ave have laundry facilities?Yes, 406 S 5th Ave in Monrovia, CA has laundry facilities.
- Does 406 S 5th Ave have parking?Yes, 406 S 5th Ave in Monrovia, CA has on-site parking.
406 S 5th Ave, Monrovia, CA 91016 is a 10 bedroom, 6 bathroom, 3,804 sqft multi-family built in 1948. This property is currently available for sale and was listed by CRMLS on Jun 26, 2026. The MLS # for this home is MLS# AR26136583.