127 W Cherry Ave - Apartments FOR SALE


Monrovia, CA 91016
$1,880,000 USD
714-306-9988
127 W Cherry Ave, Monrovia, CA for Sale
$1,880,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

127 W Cherry Ave
Monrovia, CA 91016


HIGHLIGHTS

  • Fully remodeled well-maintained 4 income units

OVERVIEW

Turnkey Triplex + Permitted ADU in the Heart of Monrovia — 4 Income Units, Fully Remodeled. An exceptional income opportunity in one of the San Gabriel Valley's most desirable cities. This well-maintained four-unit property combines a spacious triplex with a permitted 2023 ADU, offering a strong unit mix and immediate rental upside. Extensively remodeled just three years ago, every unit shows beautifully with modern kitchens and bathrooms, new kitchen appliances, fresh and well-kept interior paint, dual-pane windows, and abundant natural light pouring through wide windows. The units: Front Unit (detached) — 2 bed / 1.5 bath, 993 sqft, a private standalone home offering added privacy and rental appeal. Middle Unit, Downstairs — 3 bed / 2 bath, 1,267 sqft, generous living space with a comfortable, functional layout. Middle Unit, Upstairs — 3 bed / 2 bath, 1,295 sqft, bright and airy with the largest footprint of the group, featuring a remodeled balcony with new decking and waterproofing. ADU — 2 bed / 1 bath, 730 sqft, professionally converted from a garage with permits (built 2023), adding a fourth income stream and excellent value. Each triplex unit benefits from central AC and heat installed just three years ago and meticulously maintained, while the ADU is served by its own efficient mini-split system. New water heaters were also added three years ago — all part of the same quality remodel throughout, making this a genuinely turnkey asset with minimal deferred maintenance. Prime location: Everything is within easy reach, including quick access to the I-210 freeway, shopping centers, parks, schools, and a wide range of restaurants. Monrovia's charm, walkable Old Town, and strong rental demand make this an ideal hold for investors or owner-users looking to offset their mortgage. Ten bedrooms and seven bathrooms across roughly 4,285 square feet of living space — a rare, fully updated multi-unit offering that's ready to perform from day one. Don't miss this one.

FOR SALE DETAILS

PRICE

$1,880,000 USD

PRICE/SF

$439 USD /SF

# OF UNITS

4

PRICE/UNIT

$470,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

127 Cherry

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

MORH*

APN/PARCEL ID

8508-010-054

ASK ABOUT THIS PROPERTY

Linda ChangDynasty Realty/Dynasty SchoolMore Info
714-306-9988

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Linda ChangDynasty Realty/Dynasty SchoolMore Info
714-306-9988

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.