137 N Myrtle Ave

Monrovia, CA 91016

$5,975,000
Price
29
Beds
30
Baths
14,405 Sq. Ft.
$415 / Sq. Ft.
14,405
Sq. Ft.
$415
per Sq. Ft.
a front view of a building with street view
an empty room with wooden floor and windows
a kitchen with a refrigerator sink and stove
a close up view of washer and dryer
a bathroom with a shower
a close up of a microwave
a view of a chairs and table in backyard
an aerial view of a city
a front view of a house with a garden
a aerial view of multiple house
a view of a house with a garden
an aerial view of multiple house
a kitchen with granite countertop white cabinets and white appliances
a view of an empty room with wooden floor and a window
a stove top oven sitting inside of a kitchen
a kitchen with granite countertop white cabinets and stainless steel appliances
a bathroom with a sink and a mirror
a kitchen with a refrigerator and a sink
a white toilet sitting next to a bathroom sink
a bathroom with a sink toilet and shower
a view of an empty room with wooden floor and a window
a bathroom with a sink and a bathtub
an aerial view of residential houses with outdoor space
a aerial view of a house with a yard
an aerial view of residential houses with city view
an aerial view of a city with streets and trees
a view of a city
front view of house with a street
a front view of a house with garden
a front view of a house with a yard and garage
a view of a table and chairs in patio of the house
a front view of a house with garden
a view of a house with backyard and sitting area
a view of a chair and tables in the patio of the house
a front view of a house with a yard and garage
a view of an empty room with wooden floor and a window
an empty room with wooden floor and windows
a front view of a house with garden

Description

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 statewide AB 1482. This may help a new owner to recapture the approximately 26% in rent upside more rapidly, leading to a more dramatic...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 statewide AB 1482. This may help a new owner to recapture the approximately 26% in rent upside more rapidly, leading to a more dramatic increase in future cash flow. Monrovia is also not subject to the expensive Measure ULA taxes that burden nearby Los Angeles, allowing investors to keep substantially more profits from building ownership. The buildings feature an excellent unit mix with mostly two-bedroom apartments throughout. Most of these units have already been upgraded to include varying combinations of remodeled bathrooms, updated kitchen appliances, new wood flooring, and, in select units, upgraded electrical panels and in-unit washer/dryers. The location grants tenants the convenience and walkability of more urban neighborhoods, as confirmed by its "Walker's Paradise" designation with a Walk Score of 92, along with the calm and comfort of a more suburban town. This is due largely to the property's location near the sought-after Old Town Monrovia business district, which runs along Myrtle Avenue just one block south of the property.
  1. Listed by Roderick 'Rick' Raymundo • DRE #01357019 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 137 North Myrtle Avenue

Zoning
MORH*
Parcel Number
8519023005
Total Units
18.0
Living Area
14405
Source Living Area
Assessor
Area
Monrovia (639)
Vacancy Rate
0
Lot Size Area
32845
LISTING UPDATED: 12/11/2025 12:06 AM

Property Details for 137 North Myrtle Avenue

StatusActive
MLS #25625357
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.75 AC / 32,845 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019
Add your commute

Building Information for 137 North Myrtle Avenue

Stories2Residences-Year Built1958Building Size-Lot Size0.75 AC / 32,845 SF

Payment Calculator

$31,180 per month

30 year fixed, 6.28% Interest

Principal and Interest

$29,525

Property Taxes

$1,655

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 137 North Myrtle Avenue

Community / Development
Community / Development
  • Number Of Units: 18
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 4
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $467,159
  • Net Operating Income: $305,650.00
  • Gross Income: $478,824
  • Cap Rate: 5.12%
  • Gross Rent Multiplier: $12.41
  • Total Annual Expense: 161509
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2509
  • Lot Size Square Feet: 32845
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 16
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Other
  • Cooling Type: Other
  • Heating: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-04-2025
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,695.00
  • Unit Actual Rent: $1,695.00
  • Unit Projected Rent: $1,995.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,993.00
  • Unit Actual Rent: $9,967.00
  • Unit Projected Rent: $12,475.00
  • Like Units: 5
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,353.00
  • Unit Actual Rent: $28,240.00
  • Unit Projected Rent: $35,940.00
  • Like Units: 12
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $580,864.00
  • Assessed Improvement Percent: 45.0
  • Assessed Land Value: $709,947.00
  • Assessed Land Percent: 55
  • Assessed Total Value: $1,290,811.00

Property History for 137 North Myrtle Avenue

DateEvent & SourcePriceAppreciation
Dec 3, 2025

Listed (Active)

CRMLS #25625357

$5,975,000—
Dec 3, 2025

Listed (Active)

CLAW #25625357

$5,975,000—
Nov 17, 2009

Sold

CLAW #A09050046MR

$2,365,000—
Nov 17, 2009

Sold

CRMLS #A09050046

$2,365,000—
Nov 16, 2009

Pending

CLAW #A09050046MR

—
Nov 16, 2009

Pending

CRMLS #A09050046

—
May 4, 2009

Listed (Active)

CLAW #A09050046MR

$2,745,000—
May 4, 2009

Listed (Active)

CRMLS #A09050046

$2,745,000—
Dec 2, 2003

Expired

CRMLS #C256774

$1,825,000—
Dec 2, 2003

Expired

CLAW #C256774MR

—
Oct 24, 2002

Listed (Active)

CLAW #C256774MR

$1,825,000—
Oct 24, 2002

Listed (Active)

CRMLS #C256774

$1,825,000—
DateEvent & SourcePrice
12/03/2025

Listed (Active)

CRMLS #25625357

$5,975,000
12/03/2025

Listed (Active)

CLAW #25625357

$5,975,000
11/17/2009

Sold

CLAW #A09050046MR

$2,365,000
11/17/2009

Sold

CRMLS #A09050046

$2,365,000
11/16/2009

Pending

CLAW #A09050046MR

—
11/16/2009

Pending

CRMLS #A09050046

—
05/04/2009

Listed (Active)

CLAW #A09050046MR

$2,745,000
05/04/2009

Listed (Active)

CRMLS #A09050046

$2,745,000
12/02/2003

Expired

CRMLS #C256774

$1,825,000
12/02/2003

Expired

CLAW #C256774MR

—
10/24/2002

Listed (Active)

CLAW #C256774MR

$1,825,000
10/24/2002

Listed (Active)

CRMLS #C256774

$1,825,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 137 North Myrtle Avenue

Taxable ValueLand$709,947Additions$580,864Total$1,290,811
Tax Record2025$19,858 ($1,655 / month)
Home Facts
Total Finished SqFt7,336 SqFtAbove Grade Finished SqFt7,336 SqFtLot Size10,920 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningMORH*CountyLOS ANGELESAPN8519-023-005

Schools near 137 North Myrtle Avenue

This home is within Monrovia Unified School District.
Rating
School
Type
Grades
Distance
Mayflower Elementary School
Public - K to 5
Clifton Middle School
Public - 6 to 8
Monrovia High School
Public - 9 to 12
Mountain Park School
Public - K to 12
Rating
School
Distance
Mayflower Elementary School
PublicK to 5

Clifton Middle School
Public6 to 8

Monrovia High School
Public9 to 12

Mountain Park School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 137 North Myrtle Avenue, Monrovia, CA 91016

137 North Myrtle Avenue is a multi-family home for sale in Monrovia, CA 91016. This property was listed for sale on December 3, 2025 by Marcus & Millichap, it's currently listed at $5,975,000. It has been on the market for a total of 22 days and was last sold on November 17, 2009. This listing's school district is Monrovia Unified School District. Nearby schools include Mayflower Elementary School, Clifton Middle School and Monrovia High School. 137 North Myrtle Avenue is a 29-bed, 30-bath, 14,405 sqft multi-family home built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.