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530 Fano St 12 Unit Apartment Building $9,980,000 ($831,667/Unit) 3.82% Cap Rate Monrovia, CA 91016
EXECUTIVE SUMMARY
This is a rare opportunity to acquire a fully leased 12-unit luxury condominium property located in the highly desirable city of Monrovia, California. Originally built and subdivided as for-sale condos, each unit is individually mapped with its own APN, offering a unique investment structure that combines strong cash flow with flexible exit strategies.
In addition to income from the 12 primary units, the property also includes an additional studio unit that generates supplementary rental income—boosting overall returns and offering further upside.
Located in Monrovia, a high-demand foothill community with charming neighborhoods, strong schools, and proximity to the Metro Gold Line, the property is minutes from Old Town Monrovia, Huntington Drive retail corridor, and freeway access. Monrovia continues to see high rent demand and strong condo sale prices, supported by limited new supply and rising homeownership interest.
In addition to income from the 12 primary units, the property also includes an additional studio unit that generates supplementary rental income—boosting overall returns and offering further upside.
Located in Monrovia, a high-demand foothill community with charming neighborhoods, strong schools, and proximity to the Metro Gold Line, the property is minutes from Old Town Monrovia, Huntington Drive retail corridor, and freeway access. Monrovia continues to see high rent demand and strong condo sale prices, supported by limited new supply and rising homeownership interest.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $9,980,000 | Building Class | B |
| Price Per Unit | $831,667 | Lot Size | 0.52 AC |
| Sale Type | Investment | Building Size | 16,794 SF |
| Cap Rate | 3.82% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2018 |
| Property Subtype | Apartment | Parking Ratio | 1.79/1,000 SF |
| Zoning | MORPD* - Planned Development | ||
| Price | $9,980,000 |
| Price Per Unit | $831,667 |
| Sale Type | Investment |
| Cap Rate | 3.82% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.52 AC |
| Building Size | 16,794 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2018 |
| Parking Ratio | 1.79/1,000 SF |
| Zoning | MORPD* - Planned Development |
AMENITIES
UNIT AMENITIES
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Advanta Properties Inc.
530 Fano St
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