Proforma CAP Rate 7.5% in a NO Local Rent Control Area - First Time for Sale Since 1988! CASA DE MONARC - 725 W Duarte Rd, a 17-unit (16 + 1 non-conforming) apartment in the City of Monrovia, California. This is the first time this property has been offered for sale since 1988. Located on Duarte Rd right at the border of City of Arcadia, minutes away from Old Town Monrovia, and adjacent to recently completed new townhomes development, this 1973’s-built apartment presents a rare opportunity for investors to acquire an excellent asset with good bones in an excellent location in West San Gabriel Valley submarket. Priced competitively and without any local rent control ordinance, this value-add opportunity is a rare find for value-add investors who are looking to add value through asset repositioning. CASA DE MONARC was built in 1973, has a total of 15,280 SF building size and sits on a large ±21,750SF lot. It is strategically located only 2 blocks from the City of Arcadia and minutes away from Old Town Monrovia and Santa Anita Mall Arcadia, offering immense amenities both City of Monrovia and Arcadia have to offer. It offers a superb demographics of ±$121,527 average household income within a mile radius and adjacent to a recently completed high-end townhomes development. It offers an excellent unit mix of eleven (11) x 2bed+2bath, two (2) x 2bed+1bath, three (3) x 1bed+1bath, and one (1) x Studio non-conforming units. The units are all electric (no gas) and each unit is individually metered for electricity. Each unit (except the Studio NC unit) has a central HVAC (most have been updated) and has a large and spacious layout (average unit size ±898SF/unit – buyer to verify). Most of the units have a private backyard or balcony. Some units have updated windows. Parking is provided by a total of 21 parking spaces with 8 carports (back), 4 open spaces (back), 6 tuck-under (back), and 3 carports (front) parking. There is no soft-story requirement in Monrovia. Each unit is individually metered for electricity (no gas). The building is serviced by a master water heater and shared laundry room (laundry lease).
Property Details
Property Features
Property Information:
Year Built: 1973
Stories: 2
Listing Office:
Office Name: Growth Investment Group Pasade
Office Phone: (626) 594-4900
Listing Agent: Han Chen
Interior Features
Interior Information:
Appliances: Electric Range
Flooring Type: Laminate, Wood
Fireplace: None
Exterior Features
Exterior Information:
Private Pool: No
View: Mountain(s)
Parking Information:
Parking: Assigned, Carport
Lot Features
Lot Information:
Lot: Level, Near Public Transit, Rectangular Lot
Lot Size: 0.50 Acres
Utilities
Utilities Information:
Heating: Central, Wall Furnace
Cooling: Central Air, Wall/Window Unit(s)
School Info
Assigned Schools Information:
Monrovia High School, Public Magnet Grades 9-12
Mountain Park, Public District Grades KG-12
Santa Fe Middle School, Public District Grades 6-8
Wild Rose Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: east of Santa Anita Ave, 2 blocks east of 5th St in Arcadia
Price Information
Listing Price Info
Price Summary:
List Price: $5,200,000
Tax Information:
Annual Amount: $35,574
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Monrovia, CA.
This property is $4.2M more than the Median Sold Price in Monrovia, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #AR24101847
Listing Office:
Office Name: Growth Investment Group Pasade
Office Phone: (626) 594-4900
Listing Agent: Han Chen
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 6/3/2024, 6:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Nov 10, 1988
Nov 10, 1988Home Sold
$680,000
Nov 10, 1988
Nov 10, 1988Home Sold
$680,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$35,574
$2,358,318
2020
$34,017
$2,333,643
2019
$33,126
$2,287,886
2018
$32,483
$2,243,026
2017
$32,483
$2,199,046
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Wild Rose Elementary School
232 Jasmine Ave
Distance between this listing and this school1.77 miles
Public District Grades KG-5
Middle School
6
/10
Santa Fe Middle School
148 W Duarte Rd
Distance between this listing and this school0.73 miles
Public District Grades 6-8
High School
7
/10
Monrovia High School
845 W Colorado Blvd
Distance between this listing and this school0.97 miles
Public Magnet Grades 9-12
4
/10
Mountain Park
950 S Mountain Ave
Distance between this listing and this school1.79 miles
Public District Grades KG-12
Assigned Schools
5
/10
Wild Rose Elementary School
232 Jasmine Ave
Distance between this listing and this school1.77 miles
Public District Grades KG-5
Nearby Schools
8
/10
Camino Grove Elementary School
700 Camino Grove Ave
Distance between this listing and this school0.52 miles
Public District Grades KG-5
4
/10
Monroe Elementary School
402 W Colorado Blvd
Distance between this listing and this school0.98 miles
Public District Grades KG-5
Assigned Schools
6
/10
Santa Fe Middle School
148 W Duarte Rd
Distance between this listing and this school0.73 miles
Public District Grades 6-8
Nearby Schools
8
/10
First Avenue Middle School
301 S 1st Ave
Distance between this listing and this school0.80 miles
Public District Grades 6-8
8
/10
Richard Henry Dana Middle School
1401 S 1st Ave
Distance between this listing and this school0.93 miles
Public District Grades 6-8
Assigned Schools
7
/10
Monrovia High School
845 W Colorado Blvd
Distance between this listing and this school0.97 miles
Public Magnet Grades 9-12
4
/10
Mountain Park
950 S Mountain Ave
Distance between this listing and this school1.79 miles
Public District Grades KG-12
Nearby Schools
4
/10
Rancho Learning Center (Alternative)
150 S 3rd Ave
Distance between this listing and this school0.63 miles
The neighbors living near this home have an average income of $61,436. The most common annual income of people living in Monrovia, CA is between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 725 W Duarte Rd
What is the listing price of this property?
The listing price of 725 W Duarte Rd property is $5,200,000.
What type of property is this?
The property 725 W Duarte Rd is a condo located in Monrovia, California, 91016.
Is this property for sale now?
Sale Pending: 725 W Duarte Rd is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.
What are the assigned schools for this property?
The assigned schools for 725 W Duarte Rd are: Wild Rose Elementary School: GreatSchools Rating 5/10Santa Fe Middle School: GreatSchools Rating 6/10Monrovia High School: GreatSchools Rating 7/10Mountain Park: GreatSchools Rating 4/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $35,574 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on November 10, 1988 for $680,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 725 W Duarte Rd is 1973.
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This home is located at 725 W Duarte Rd in Monrovia, CA and zip code 91016 in the The San Gabriel Valley neighborhood. This home, which was built in 1973, sits on a 0.50 acre lot. It has been listed on Rocket Homes since May 20, 2024 and is currently priced at $5,200,000.
While more than 12 listings in Monrovia, CA in May 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 6 were sold below. The inventory of homes for sale in Monrovia, CA between April 2024 and May 2024 decreased by 21.8%. While the average time on the market in May 2024 was 22 days, the median list price was $928,000.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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