Sold
Last Sold Price
10 beds6 baths4,121 sqft$522/sqft
321 W Duarte Rd, Monrovia, CA 91016
Multi FamilyProperty Type
0.31 acresLot Size
1926Year Built
$522/sq ftPrice per sq ft
13 carsParking Spaces

Description

We are pleased to present the opportunity to acquire 321 West Duarte Road, a six-unit pride-of-ownership multifamily building in the city of Monrovia, a core market in the San Gabriel Valley. The property was built in 1926/1958 and offers a strong unit mix. It is comprised of four separate buildings: one two-story duplex with two one-bedroom/one-bathroom units (one of which offers a den), and four single-story two-bedroom/one-bathroom units (one of which offers a patio). The property offers eight...We are pleased to present the opportunity to acquire 321 West Duarte Road, a six-unit pride-of-ownership multifamily building in the city of Monrovia, a core market in the San Gabriel Valley. The property was built in 1926/1958 and offers a strong unit mix. It is comprised of four separate buildings: one two-story duplex with two one-bedroom/one-bathroom units (one of which offers a den), and four single-story two-bedroom/one-bathroom units (one of which offers a patio). The property offers eight surface/carport parking spots and five one car garages for a total of 13 parking spots. Select units offer direct access to garages. No soft-story retrofit is required, which saves a new investor thousands in capital expenditures. Each unit has ductless mini-split air conditioning units, is individually metered for gas and electricity, and has separate water heaters. The property also offers on-site laundry. The property sits on a large 13,577 square foot lot that may offer a new investor the potential to build accessory dwelling units(ADUs). This is the Buyers responsibility to investigate.
  • Listed by: Sean Rosenzweig DRE #01406343 Brokerage DRE #01240999 • Marcus & Millichap
Listing closed: 07/21/2021 12:00 AM • Source: CLAW, MLS#: 21-734044

Recent comparable sales

Median sold price

$2,100,000

Avg days on market

91

Sale-to-list ratio

92.6%

Monrovia, CA

9 comparable properties found

1

$2,825,000

Sold 01/16/25

Unavailable
Bedrooms
5
Bathrooms
4,716
Square Feet
0.52
Acres
a view of a white house with a yard and sitting area
2

$1,685,385

Sold 03/27/26

8
Bedrooms
Unavailable
Bathrooms
4,284
Square Feet
0.19
Acres
$2,230,000 | 891 Crescent Drive, Monrovia, CA 91016
3

$2,230,000

Sold 03/18/26

5
Bedrooms
3,640
Square Feet
1.19
Acres
a front view of house with yard and trees around
4

$2,660,000

Sold 01/06/26

5
Bedrooms
4,953
Square Feet
0.44
Acres
5

$1,580,000

Sold 07/27/26

Unavailable
Bedrooms
5
Bathrooms
3,120
Square Feet
0.15
Acres
$2,060,000 | 171 North Sunset Place, Monrovia, CA 91016
6

$2,060,000

Sold 11/03/25

4
Bedrooms
3,490
Square Feet
0.20
Acres
a view of a house with a patio
7

$1,337,000

Sold 11/08/24

8
Bedrooms
5
Bathrooms
4,049
Square Feet
0.24
Acres
a front view of a house with a yard and potted plants
8

$2,600,000

Sold 02/21/25

5
Bedrooms
5,079
Square Feet
0.41
Acres
a front view of a house with garden and entryway
1/2
9

$2,100,000

Sold 07/23/25

15
Bedrooms
10
Bathrooms
5,676
Square Feet
0.30
Acres

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343

Sold By CA REAL ESTATE AND FINANCE INC, Ying Jiang, DRE #01870076

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$13,588 per month

30 year fixed, 6.55% Interest

Principal and Interest

$10,928

Property Taxes

$2,660

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Property Information for 321 West Duarte Road

Property Details
  • MLS Type: Residential Income
  • Zoning: MORH*
  • Parcel Number: 8507004031
  • Total Units: 6.0
  • Living Area: 4121
  • Source Living Area: Assessor
  • Area: Monrovia (639)
  • Vacancy Rate: None
  • Lot Size Area: 13577
  • Source Lot Size Area: Assessor
  • Assessor Parcel Number: 8507-004-031
  • Directions: The property is located South of the 210 Freeway and near the major cross streets of West Duarte Road and South Myrtle Avenue. The property borders the affluent neighborhoods of Arcadia and San Marino.
Building Information
  • Stories: 2
  • Year Built: 1926
  • Lot Size: 0.31 AC / 13,577 SF
Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 4
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $120,288
  • Net Operating Income: $69,696.00
  • Gross Income: $123,240
  • Cap Rate: 3.20%
  • Gross Rent Multiplier: $17.65
  • Total Annual Expense: 50592
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3117
  • Lot Size Square Feet: 13577
Parking Details
Parking Details
  • Parking Garage: Uncovered, Garage
  • Total Parking: 13
  • Parking Features: Uncovered, Garage
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-19-2021
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,895.00
  • Unit Actual Rent: $1,895.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,350.00
  • Unit Actual Rent: $1,350.00
  • Unit Projected Rent: $1,725.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,550.00
  • Unit Actual Rent: $1,550.00
  • Unit Projected Rent: $1,775.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,725.00
  • Unit Actual Rent: $1,725.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,875.00
  • Unit Actual Rent: $1,875.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,875.00
  • Unit Actual Rent: $1,875.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,187,280.00
  • Assessed Improvement Percent: 60.0
  • Assessed Land Value: $791,520.00
  • Assessed Land Percent: 40
  • Assessed Total Value: $1,978,800.00

Property History for 321 West Duarte Road

DateEvent & SourcePriceAppreciation
Jul 21, 2021

Sold

CLAW #21-734044

$2,150,000
Jul 21, 2021

Sold

CRMLS #21734044

$2,150,000
Jul 8, 2021

Sold (Public Record)

Public Record #1466681505

$2,150,000

+3.5% / yr

DateEvent & SourcePrice
07/21/2021

Sold

CLAW #21-734044

$2,150,000
07/21/2021

Sold

CRMLS #21734044

$2,150,000
07/08/2021

Sold (Public Record)

Public Record #1466681505

$2,150,000

+3.5% / yr

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

Public Records for 321 West Duarte Road

Taxable ValueLand$930,890Additions$1,396,337Total$2,327,227
Tax Record2025$31,922 ($2,660 / month)
Home Facts
Baths6Total Finished SqFt4,121 SqFtAbove Grade Finished SqFt4,121 SqFtStories1Lot Size13,577 SqFtStyleDuplexYear Built1926Year Renovated1926ZoningMORH*CountyLOS ANGELESAPN8507-004-031

Schools near 321 West Duarte Road

This home is within Monrovia Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Wild Rose Elementary School
PublicK to 5

Santa Fe Computer Science Magnet
Public6 to 8

Monrovia High School
Public9 to 12

Canyon Oaks High School
Public9 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343

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.