OFF MARKET

Off Market Nov 2021 for $6.7M

—

Est. refi paymentEst. refi $28,788/mo

•

29 ba

•

16,734

sq ft

1960 Peck Rd, Monrovia, CA 91016

About this home

We are pleased to present for sale this 17 unit condo style apartment building in Monrovia just blocks away from Arcadia. Built in 1988, this is a rare opportunity for an investor to acquire a mid-size high quality asset in a thriving rental market. Situated on a 28,824 SF lot, the building is approximately 16,734 square feet and features a unit mix of: Six 2 Bedroom 2 Bath units; Four 2 Bedroom 1.5 Bath units; Two 2 Bedroom 1 Bath units and Five 1 Bedroom 1 Bath units. 9 out of the 17 units have been beautifully remodeled with new flooring, kitchen cabinets/countertops, bathroom vanities, shower tile, plumbing & electrical fixtures, new appliances, etc. The building is extremely well parked with a total of 46 parking spaces: (2) 3 car garages, (18) 2 car garages and (4) 1 car garages. Majority of the 2 bedroom units are two-story townhouse style units with direct access to their unit from their individually assigned garage. Many of the units have patios or balconies and there are two laundry rooms with two landlord owned washer and dryers in each laundry room. All the units are separately metered for gas and electricity and there may be a potential future condo conversion possibility (Buyer to verify with the city).

Multi-familyProperty Type

1988Year Built

0.66 acresLot Size

$403Price/Sq.Ft.

44 garage spacesParking

Listed by Benjamin J. Hsiang •DRE #01438644 • Realty Investment Advisors, Inc.

•424-377-6001 (agent)

•bhsiang@riacre.com (agent)

Listed by Alexander Metaxas •DRE #01784652 • Realty Investment Advisors, Inc.

•626-487-4300 (agent)

•ametaxas@riacre.com (agent)

Bought with Benjamin J. Hsiang •DRE #01438644 • Realty Investment Advisors, Inc.

Bought with Alexander Metaxas •DRE #01784652 • Realty Investment Advisors, Inc.

•626-487-4300 (agent)

Redfin checked: 3 minutes ago

•Source:TheMLS #21-770882

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 91016, CA

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

101.8%

0.7% MoM

Median sale price

$1.0M

$5K MoM

Avg. days on market

43d

5 days MoM

Recently sold homes

7 MoM

New listings for sale

$1,130,000
4 beds2 baths1,479 sq ft
225 Andre St, Monrovia, CA 91016
NEW 14 HRS AGO
$799,000
4 beds2 baths1,588 sq ft
203 Benrud St, Monrovia, CA 91016
OPEN SAT, 2PM TO 4PM
$1,100,000
3 beds2 baths1,460 sq ft
245 Valle Vista Ave, Monrovia, CA 91016
Keller Williams Realty
$989,000
3 beds1.5 baths1,934 sq ft
234 N Magnolia, Monrovia, CA 91016
Keller Williams Realty
OPEN SAT, 1PM TO 4PM
$988,000
3 beds3 baths1,990 sq ft
430 W Walnut, Monrovia, CA 91016
HUNTINGTON REALTY GROUP CO.
$1,250,000
2 beds1 bath939 sq ft
339 S Madison, Monrovia, CA 91016
OPEN SUN, 2PM TO 4PM
$849,900
3 beds2 baths1,232 sq ft
809 S Mayflower Ave, Monrovia, CA 91016
Keller Williams Realty
$1,750,000
4 beds2 baths1,383 sq ft
305 E Camino Real, Monrovia, CA 91016
High Ten Partners, Inc.
$1,790,000
6 beds3 baths1,850 sq ft
2346-2346 1/2 Fairgreen Ave, Monrovia, CA 91016
High Ten Partners, Inc.
OPEN SAT, 1PM TO 4PM
$1,116,999
3 beds2 baths1,487 sq ft
122 E El Norte, Monrovia, CA 91016
See all

Provided by Redfin

Sale history for 1960 Peck Rd

Date

Event

Price

APPFOLIO #2

May 21, 2026

Rental Removed

$2,550

$0/sq ft

Mar 17, 2026

Price Changed

$2,550

$0/sq ft

Feb 26, 2026

Listed for Rent

$2,595

$0/sq ft

APPFOLIO #1

Nov 24, 2023

Rental Removed

$2,445

$0/sq ft

Nov 12, 2023

Listed for Rent

$2,445

$0/sq ft

TheMLS #21-770882

Nov 16, 2021

Sold

$6,750,000

$403/sq ft

Aug 21, 2021

Contingent

—

Aug 9, 2021

Listed

$6,999,000

$418/sq ft

CRMLS #WS15119383

Jan 5, 2016

Sold

$4,900,000

$293/sq ft

Sep 17, 2015

Pending

—

Jun 3, 2015

Listed

$4,980,000

$298/sq ft

A true diamond in the rough. This 17-unit apartment building, in the heart of Monrovia, has plenty of upside for the savvy investor. Rents are 30+ percent below market, and all units have attached garages. All units have separate electricity and gas meters, plus laundry room and 3 spacious 20 x 20 ft storage areas for extra income. No rent control. Huge upside potential by converting to condominiums in future. Nice quiet residential street, one block from Santa Fe Middle School, and only a 0.28 mile walk to the new Monrovia Gold Line station that is scheduled to open in September 2015. Also just a mile from the charming Monrovia Old Town restaurants, shops, and theaters.

SDMLS #301792639

Jan 5, 2016

Sold

$4,900,000

$293/sq ft

Jun 3, 2015

Listed

$4,980,000

$298/sq ft

CRMLS #WS13186368

Apr 4, 2014

Listing Removed

—

Sep 13, 2013

Listed

$5,000,000

$299/sq ft

Public Records

May 27, 1988

Sold

$1,450,000

$87/sq ft

Public Records

Nov 4, 1986

Sold

$235,500

$14/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$99,353 (+2.4%)

$3,979,530 + $3,183,624

$7,163,154

2024

$97,019 (+2.8%)

$3,979,530 + $3,183,624

$7,163,154

2023

$94,419 (+3.0%)

$3,901,500 + $3,121,200

$7,022,700

2022

$91,703 (+23.7%)

$3,825,000 + $3,060,000

$6,885,000

2021

$74,126 (+3.1%)

$3,750,000 + $3,000,000

$6,750,000

2020

$71,904 (+1.8%)

$3,171,573 + $2,187,291

$5,358,864

2019

$70,653 (+2.2%)

$3,139,053 + $2,164,864

$5,303,917

2018

$69,113 (+2.0%)

$3,077,503 + $2,122,416

$5,199,919

2017

$67,752 (+74.2%)

$2,958,000 + $2,040,000

$4,998,000

2016

$38,903 (+2.1%)

$2,958,000 + $2,040,000

$4,998,000

2015

$38,092 (+0.8%)

$1,101,743 + $1,585,249

$2,686,992

2014

$37,782 (+2.0%)

$1,063,937 + $1,530,852

$2,594,789

2012

$37,035 (+1.8%)

$1,059,129 + $1,523,934

$2,583,063

2011

$36,398 (+2.1%)

$1,038,362 + $1,494,053

$2,532,415

2010

$35,659 (+1.4%)

$1,018,002 + $1,464,758

$2,482,760

2009

$35,150 (+2.4%)

$1,010,394 + $1,453,811

$2,464,205

2008

$34,342

$1,012,795 + $1,457,265

$2,470,060

Tax history for 1960 Peck Rd

Year

Property tax

Land + Additions

Assessment*

2025

$99,353 (+2.4%)

$3,979,530 + $3,183,624

$7,163,154

2024

$97,019 (+2.8%)

$3,979,530 + $3,183,624

$7,163,154

2023

$94,419 (+3.0%)

$3,901,500 + $3,121,200

$7,022,700

2022

$91,703 (+23.7%)

$3,825,000 + $3,060,000

$6,885,000

2021

$74,126 (+3.1%)

$3,750,000 + $3,000,000

$6,750,000

2020

$71,904 (+1.8%)

$3,171,573 + $2,187,291

$5,358,864

2019

$70,653 (+2.2%)

$3,139,053 + $2,164,864

$5,303,917

2018

$69,113 (+2.0%)

$3,077,503 + $2,122,416

$5,199,919

2017

$67,752 (+74.2%)

$2,958,000 + $2,040,000

$4,998,000

2016

$38,903 (+2.1%)

$2,958,000 + $2,040,000

$4,998,000

2015

$38,092 (+0.8%)

$1,101,743 + $1,585,249

$2,686,992

2014

$37,782 (+2.0%)

$1,063,937 + $1,530,852

$2,594,789

2012

$37,035 (+1.8%)

$1,059,129 + $1,523,934

$2,583,063

2011

$36,398 (+2.1%)

$1,038,362 + $1,494,053

$2,532,415

2010

$35,659 (+1.4%)

$1,018,002 + $1,464,758

$2,482,760

2009

$35,150 (+2.4%)

$1,010,394 + $1,453,811

$2,464,205

2008

$34,342

$1,012,795 + $1,457,265

$2,470,060

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

0.66 Acres

Year renovated

1988

Sq. Ft.

16,734

Year built

1988

Style

Multi-Family (5+ Unit)

County

Los Angeles County

APN

8509030024

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 30, 2026.

Property details

Parking

Garage
Garage
# of Garage Spaces: 44

Parking
# of Parking Spaces (Total): 46

Interior

Laundry Information
Community Laundry

Equipment
Other

Heating & Cooling
A/C, Central Cooling
Central Heat
Water Heater Features: Gas

Multi-Unit Income
Actual Annual Gross Rent: $399,240
Gross Income: 399240
Gross Operating Income: $387,263
Net Operating Income: $258,908

Multi-Unit Expenses
Total Annual Expense: $128,355

Multi-Unit Other Financial Information
Cap Rate: 3.7
Gross Rent Multiplier: 17.53
Vacancy Rate: 3
Vacancy Allow %: 3
Scheduled Actual: Scheduled

Multi-Unit Information
Owner Pays: Water, Gardener
Tenant Pays: Gas, Electric
Unit Type Type: 1, 2, 3, 4
Type Of Units: Apartments
# of Buildings: 1
Has Water Heaters: True
Laundry Equipment: Own

Unit 1 Information
# of Beds: 2
# of Baths: 2.00
Rent: $2,038
Projected Rent: $14,400
Actual Rent: $12,225
# of Units: 6

Unit 2 Information
# of Beds: 2
# of Baths: 1.50
Rent: $2,075
Projected Rent: $9,200
Actual Rent: $8,300
# of Units: 4

Unit 3 Information
# of Beds: 2
# of Baths: 1.00
Rent: $1,750
Projected Rent: $4,200
Actual Rent: $3,500
# of Units: 2

Unit 4 Information
# of Beds: 1
# of Baths: 1.00
Rent: $1,694
Projected Rent: $9,750
Actual Rent: $8,470
# of Units: 5

Exterior

Building Information
Total Floors: 2
Attached

Property Information
Property Type: Residential Income

Land Information
Other Structures: None

Lot Information
Lot Size (Sq. Ft.): 28,824
Lot Size (Acres): 0.6621
Zoning: MOPD*

Financial

Assessment Information
Assessor Parcel Number: 8509-030-024

Lease Information
Tenant Pays: Gas, Electric

Utilities

Utility Information
Water: Public

Location

Community Information
# of Units in Complex (Total): 17

Location Information
Directions: South of Duarte Rd.

Public facts

Beds: 28
Baths: 32.0
Sq. Ft.: 16,734
Stories: —
Lot Size: 0.66 acres
Style: Multi-Family (5+ Unit)
Year Built: 1988
Year Renovated: 1988
County: Los Angeles County
APN: 8509030024

Home facts updated by county records on Aug 30, 2026

Other

Documents & Disclosures
Disclosures: None

Co Selling Agent Information
First Name: Alexander
Last Name: Metaxas
License #: 01784652

Around this home

Schools

Bradoaks Elementary School

Public Tk-6 • Assigned • 1.6mi

7/10

Santa Fe Computer Science Magnet

Public 7-8 • Assigned • 0.2mi

6/10

Monrovia High School

Public 9-12 • Assigned • 1.6mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

The real estate market is becoming more balanced. Buyers have more inventory, more data, and more time to make informed decisions than they did a year ago. Well-priced homes are still moving quickly, but today’s market rewards preparation, strategy,...
2 months ago • Los Angeles County
Peter Santos
Redfin Premier agent
82 deals
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Climate risks

3/10 Flood Factor

Estimated 10-14% chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

7/10 Heat Factor

7 days above 101° expected this year, 19 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

7/10 Air Factor

12 unhealthy days expected this year, 14 days in 30 years

Provided by First Street

Historical weather

Monrovia, CA • 91016

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.7 hours in June and 6.8 hours in December, placing it above the U.S. average for solar exposure.

9.7 hrs

6.8 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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Home values near 1960 Peck Rd

Data from public records.

Address	Redfin Estimate
2003 Peck Road, Monrovia, CA 3 Beds \| 1 Baths \| 999 Sq. Ft.	$750,355
1941 Peck Road, Monrovia, CA 3 Beds \| - Baths \| 1404 Sq. Ft.	$895,137

Address	Redfin Estimate
2009 Peck Road, Monrovia, CA 3 Beds \| 1 Baths \| 999 Sq. Ft.	$787,313
1953 Peck Road, Monrovia, CA 5 Beds \| 3 Baths \| 2500 Sq. Ft.	$970,950

Address	Redfin Estimate
1945 Peck Road, Monrovia, CA 4 Beds \| - Baths \| 1598 Sq. Ft.	$949,147
2002 Peck Road, Monrovia, CA 3 Beds \| - Baths \| 1662 Sq. Ft.	$826,424

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About this home

Redfin Estimate

Market trends in 91016, CA

Sale history for 1960 Peck Rd

Tax history for 1960 Peck Rd

Public record

Property details

Around this home

Schools

Lifestyle

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 91016

Home values near 1960 Peck Rd

More real estate resources