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We are proud to present Ridgewood Apartments, a prime multifamily investment opportunity located at 729 W Foothill Boulevard in Monrovia, California. Situated between N Sunset Place and El Nido Avenue, this property benefits from the citys strong job market, excellent schools, and close proximity to the 210 Freeway and major attractions. Monrovias growing population and increasing demand for housing make this an ideal investment choice, offering potential for steady rental income and property value appreciation. The Ridgewood Apartments are a 2-story, 32-unit property originally built in 1958. The property has a total building size of 20,160 square feet and sits on a large 1.2 acre lot. The property features an excellent unit mix of one-bed/one-bathroom and two-bedroom/one-bathroom units averaging 633 SF per unit. Superbly maintained, the property features a communal on-site laundry facility, mature lush landscaping with a courtyard with outdoor seating, carport and surface parking. Most units have been upgraded and feature vinyl plank flooring and carpet throughout, kitchens with stainless steel appliances, ceiling fans, vertical blinds, and wall air conditioning and heating. The city of Monrovia is ideally located within Southern California offering easy access to the 210, 605, 134, 10 and 5 freeways connecting to all of Los Angeles County, Ventura County, San Bernardino and beyond. Its location offers convenient access to neighboring cities within the San Gabriel Valley. Significant local landmarks within a 20-mile radius include: Santa Anita Park, Los Angeles County ArbPROPERTY FEATURES
Number of Units : 32
Unit 1 : Number of Unit(s) : 1
Unit 1 : Total Bedrooms : 1
Unit 1 : Total Bathrooms : 1
Unit 2 : Number of Unit(s) : 2
Unit 2 : Total Bedrooms : 2
Unit 2 : Total Bathrooms : 1
Site : Curbs,Sidewalks
Cooling : Wall/Window
Zoning : Assessor
PROPERTY DETAILS
Street Address: Address not disclosed
City: Monrovia
State: California
Postal Code: 91016
County: Los Angeles
MLS Number: CV24211512
Courtesy of CB RICHARD ELLIS
City: Monrovia
State: California
Postal Code: 91016
County: Los Angeles
MLS Number: CV24211512
Courtesy of CB RICHARD ELLIS
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