$7,600,000
729 W Foothill Boulevard, Monrovia CA 91016
Multi-Family (32 Units)
Property type
115 days
On market
$377
Price per sqft
0 cars
Garage
1958
Year built
44,854 sqft
Lot size
Open Houses
Overview
We are proud to present Ridgewood Apartments, a pristinely maintained 32-unit asset located at 729 W Foothill Boulevard in Monrovia, California. Situated North of the 210 Freeway, this pride-of-ownership property benefits from a supply-constrained submarket, excellent schools, and consistent high occupancy levels. Monrovia’s growing population and the property’s historical...
Listing provided by: Eric Chen 909-418-2071, CB RICHARD ELLIS
Listing updated: Mar 30, 2026 at 09:19pm.
Last checked: Jun 5, 2026 at 12:31am
Source: CRMLS #CV26030999
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 25 | 1 | 1 | — | $1,783 | $534,960 | $2,100 | Unfurnished |
| 7 | 2 | 1 | — | $2,057 | $172,800 | $2,400 | Unfurnished |
# of Buildings: 4
# of Units Total: 32
Separate Electric Meters: 32
Separate Gas Meters: 32
Separate Water Meters: 1
Rent Control: No
Units Leased: 31
Total Actual Rent: $707,760
Financial Snapshot
Gross Rent Multiplier
10.6x
List Price / Annual Gross Rent
Cap Rate
5.03%
NOI / List Price
Gross Scheduled Income: $713,874
Vacancy Allowance: $21,416
Operating Expense: $309,866
Net Operating Income: $382,592
Annual Operating Expenses
Electric: $27,382
Gardener: $3,160
Fuel: $854
Insurance: $27,200
Licenses: $109
Maintenance: $32,615
New Taxes: $107,872
Pest Control: $877
Professional Management: $50,440
Supplies: $6,049
Trash: $24,888
Water / Sewer: $17,198
Other Expense: $8,000
Interior
Cooling: Wall Window Units
Heating: Wall Furnace
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Two Common Walls Or More
Lot Features: Thirty One To Thirty Five Units Acre
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Uncovered Spaces: 7
Carport Spaces: 29
Parking Total: 36
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 8504019038
Additional Parcels: No
Tax Lot: 13
Zoning: MORH*
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Sidewalks
Nearby Schools
Nearby schools around the 729 W Foothill Boulevard, Monrovia, CA 91016. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$6,080,000
Total Interest
$7,754,705
Total Payment
$13,834,705
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$46,496
per month
Property History for 729 W Foothill Boulevard
Monrovia Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91016.
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