$5,695,000
-$280,000137 N Myrtle Avenue, Monrovia CA 91016
Multi-Family (18 Units)
Property type
190 days
On market
$395
Price per sqft
N/A
Garage
1958
Year built
32,845 sqft
Lot size
Open Houses
Overview
Spanning four separate buildings, 137 and 147 N Myrtle Avenue, along with 146 and 148 Stedman Place, the property covers three separate parcels totaling a large 32,485 square foot, block-to-block area of land. Because the City of Monrovia does not have its own restrictive local rent control, the property benefits from higher allowable rent increases under California's...
Listing provided by: Roderick 'Rick' Raymundo DRE #01357019 213-943-1855, Marcus & Millichap
Listing updated: Jun 3, 2026 at 01:37am.
Last checked: Jun 10, 2026 at 01:01am
Source: CRMLS #25625357
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 0 | 1 | — | $1,695 | $1,695 | $1,995 | Unfurnished |
| 5 | 1 | 1 | — | $1,993 | $9,967 | $12,475 | Unfurnished |
| 12 | 2 | 2 | — | $2,353 | $28,240 | $35,940 | Unfurnished |
# of Buildings: 4
# of Units Total: 18
Financial Snapshot
Gross Rent Multiplier
11.9x
List Price / Annual Gross Rent
Cap Rate
5.5%
NOI / List Price
Net Operating Income: $312,947
Exterior
Stories Total: 2
Levels: Two
Garage and Parking
Parking: Assigned
Parking Total: 16
Lot Information
Land Lease: No
Parcel #: 8519023005
Zoning: MORH*
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 137 N Myrtle Avenue, Monrovia, CA 91016. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$4,556,000
Total Interest
$5,810,927
Total Payment
$10,366,927
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$34,879
per month
Property History for 137 N Myrtle Avenue
Monrovia Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91016.
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