Investment Highlights
- A Compelling Value-Add Opportunity in Monrovia: The Property offers investors the opportunity to capture significant rental upside via implementing a renovation strategy to all 156 units.
- Robust Employment & Location: Monrovia is situated at the heart of Huntington Drive Job Corridor which is home to thousands of high-paying engineering, biotech, and healthcare jobs.
- Strong Submarket Fundamentals: The median single family home value in Monrovia now exceeds $1.1M, growing 48% in the last 5 years and 25% in the last 3 years.
- Excellent Lifestyle Amenities: Old Town Monrovia boasts a myriad of boutique shops and entertainment venues, serving as a central gathering spot for residents and hosts community events including the Weekly Friday Night Street Fair.
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