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Closed
- Listed price
- $4,175,000
- Listed Nov 18, 2020
- Sold price
- $4,250,000
- Sold Feb 10, 2021
21,224 sqft lot|1962 Built|19 MLS days on market
123 & 125 N Myrtle Ave, Monrovia, CA 91016
Property Description
Rare 14 Unit multi-family asset available for purchase in north Monrovia with an irreplaceable location less than 1 block to Old Town Monrovia! Owned and meticulously maintained by the same family for over 30+ years, the subject property offers a desirable unit mix, significant upside in rental income, and a Grade A location steps to dining, shopping, and city services. The unit mix is comprised of two (2-Bedroom/1-½ Bathroom) two-story townhouse-style units, and twelve (2-Bedroom/1-Bathroom) units. Most units offer either a private patio on the ground floor or a private balcony off the second floor. Total rentable square footage is 15,540 situated on 3 separate lots for a grand total of 21,224 sqft of land. Tenants enjoy onsite car-port parking, onsite laundry facility, and wall A/C & Heat. Priced at 15 GRM and 4.5% CAP Rate (on actual current rents) this investment opportunity is poised for a new buyer looking for a pride of ownership location, that offers a promising future of further rent growth and appreciation, and that warrants further capital improvement to increase the overall quality and value of the asset.
Listing agent: KRISTOPHER GERMANDRE #01800021kris@theapartmentdealer.com, Listing office: RE/MAX 2000
MLS data updated 11/3/2026, 5:27:31 PM PT
Source: CRMLSMLS #: CV20242177
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$4,250,000
Feb 10, 2021
Available records22020–2021
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 91016 · Nov 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 91016 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.