729 W Foothill Blvd

Monrovia, CA 91016

$7,600,000
Price
3
Beds
32
Baths
20,160 Sq. Ft.
$377 / Sq. Ft.
20,160
Sq. Ft.
$377
per Sq. Ft.
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Description

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 stability make this is an ideal investment choice for steady rental income and long-term appreciation. The Ridgewood Apartments...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 stability make this is an ideal investment choice for steady rental income and long-term appreciation. The Ridgewood Apartments is a 32-unit property originally built in 1958, featuring a total building size of ±20,160 SF situated on a ±44,854 SF lot (±1.03 Acres). The property features an excellent unit mix of one and two-bedroom units averaging 633 SF. Meticulously cared for, the asset features a communal laundry facility, mature lush landscaping with a courtyard, and ample carport and surface parking. Most units have been upgraded with vinyl plank flooring, stainless steel appliances, and wall AC/heating. This opportunity features favorable debt to assume at a 2.95% interest-only rate until November 2030. This rare financing allows a new investor to realize a 7.40% Cash-on-Cash return on current income, with the potential to reach a 10.03% return on pro forma income. The property currently operates at a 5.37% Cap Rate, with a clear path to a 6.80% Cap Rate at market rents. 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 Arboretum, The Huntington Library, City of Hope Hospital, The Rose Bowl, Dodger Stadium, Crypto.com Arena, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Hollywood Bowl, Universal Studios and more. Ridgewood Apartments in the city of Monrovia is a premier income-producing asset with a compelling 16% rental upside, presenting a stable and lucrative opportunity for 1031 exchange buyers and seasoned investors alike.
  1. Listed by Eric Chen • DRE #C32772 • Brokerage DRE #00409987 • CB RICHARD ELLIS • 626-757-5717

Property Details for 729 West Foothill Boulevard

Parking Spaces Total
36
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
32.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
20160
Assessor Parcel Number
8504-019-038
LISTING UPDATED: 02/10/2026 09:38 AM

Property Details for 729 West Foothill Boulevard

StatusActive
MLS #CV26030999
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1958
CountyLos Angeles County

Location

Listing Courtesy of CB RICHARD ELLIS, Eric Chen, DRE #C32772
Add your commute

Building Information for 729 West Foothill Boulevard

Building/Complex729 W Foothill BlvdFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1958Building Size-

Payment Calculator

$40,534 per month

30 year fixed, 6.15% Interest

Principal and Interest

$37,041

Property Taxes

$3,493

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 729 West Foothill Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $703,862
  • Gross Scheduled Income: $740,197
  • Vacancy Allowance: 22206
  • Gross Operating Income: $717,991
  • Net Operating Income: $408,125
  • Laundry Income: $6,114
  • Other Income 1: $19,783
  • Gross Multiplier: 10.27
  • Cap Rate: 5.37
Expense Details
  • Operating Expense: $309,866
  • New Taxes Expense: $107,872
  • Gardener Expense: $3,160
  • Fuel Expense: $854
  • Licenses Expense: $109
  • Pest Control Expense: $877
  • Electric Expense: $27,382
  • Insurance Expense: $27,200
  • Maintenance Expense: $32,615
  • Professional Management Expense: $50,440
  • Other Expense: $8,000
  • Other Expense Description: Reserves
  • Trash Expense: $24,888
  • Water Sewer Expense: $17,198
  • Supplies Expense: $6,049
  • Total Expenses: $309,866
Tax / Assessment Info
  • Tax Tract Number: 7
  • Tax Census Tract: 4303.02
  • CFD/Mello-Roos Fee: $10,857
  • Tax Lot: 13
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Lot Features: 31-35 Units/Acre
  • Number Of Units: 32
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 7
  • Open Other Spaces Total: 7
  • Parking Garage Spaces: 0
  • Carport Spaces: 29
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 25
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,783
  • Unit Type Total Rent: $534,960
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 7
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,135
  • Unit Type Total Rent: $179,340
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 31
  • Rent Controlled: No
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 32
  • Number Of Separate Gas Meters: 32
  • Number Of Separate Water Meters: 1

Property History for 729 West Foothill Boulevard

DateEvent & SourcePriceAppreciation
Feb 10, 2026

Listed (Active)

CRMLS #CV26030999

$7,600,000—
Feb 9, 2026

Listed (Active)

CLAW #CV26030999MR

$7,600,000—
Feb 9, 2026

Listed (Active)

SDMLS #CV26030999

$7,600,000—
Apr 7, 2025

Withdrawn / Cancelled

CRMLS #CV24211512

$8,100,000—
Apr 7, 2025

Withdrawn / Cancelled

CLAW #CV24211512MR

—
Apr 7, 2025

Withdrawn / Cancelled

SDMLS #CV24211512

$8,100,000—
Oct 11, 2024

Listed (Active)

CLAW #CV24211512MR

$8,100,000—
Oct 11, 2024

Listed (Active)

SDMLS #CV24211512

$8,100,000—
Oct 11, 2024

Listed (Active)

CRMLS #CV24211512

$8,100,000—
DateEvent & SourcePrice
02/10/2026

Listed (Active)

CRMLS #CV26030999

$7,600,000
02/09/2026

Listed (Active)

CLAW #CV26030999MR

$7,600,000
02/09/2026

Listed (Active)

SDMLS #CV26030999

$7,600,000
04/07/2025

Withdrawn / Cancelled

CRMLS #CV24211512

$8,100,000
04/07/2025

Withdrawn / Cancelled

CLAW #CV24211512MR

—
04/07/2025

Withdrawn / Cancelled

SDMLS #CV24211512

$8,100,000
10/11/2024

Listed (Active)

CLAW #CV24211512MR

$8,100,000
10/11/2024

Listed (Active)

SDMLS #CV24211512

$8,100,000
10/11/2024

Listed (Active)

CRMLS #CV24211512

$8,100,000

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

Public Records for 729 West Foothill Boulevard

Taxable ValueLand$1,017,114Additions$1,362,558Total$2,379,672
Tax Record2025$41,918 ($3,493 / month)
Home Facts
Total Finished SqFt20,160 SqFtAbove Grade Finished SqFt20,160 SqFtLot Size44,854 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningMORH*CountyLOS ANGELESAPN8504-019-038

Schools near 729 West Foothill Boulevard

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 729 West Foothill Boulevard, Monrovia, CA 91016

729 West Foothill Boulevard is a multi-family home for sale in Monrovia, CA 91016. This property was listed for sale on February 9, 2026 by CB RICHARD ELLIS, it's currently listed at $7,600,000. This listing's school district is Monrovia Unified School District. Nearby schools include Mayflower Elementary School, Clifton Middle School and Monrovia High School. 729 West Foothill Boulevard is a 3-bed, 32-bath, 20,160 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 CB RICHARD ELLIS, Eric Chen, DRE #C32772

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.