| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 55th | Good |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 125 W Olive Ave, Monrovia, CA, 91016, US |
| Region / Metro | Monrovia |
| Year of Construction | 1978 |
| Units | 82 |
| Transaction Date | 2025-08-07 |
| Transaction Price | $37,650,000 |
| Buyer | FOOTHILL OAK PARK APARTMENTS LLC |
| Seller | OP MONROVIA LLC |
125 W Olive Ave Monrovia Multifamily Investment Thesis
Neighborhood occupancy near 98% supports stable cash flow potential, according to WDSuite s CRE market data, with inner-suburb fundamentals that favor steady renter demand over the cycle.
Located in Monrovia s inner-suburban corridor of the Los Angeles-Long Beach-Glendale metro, the area scores A- overall and sits above the metro median (rank 268 of 1,441 neighborhoods). Amenity access is a strength: restaurants and groceries index in the mid-90s nationally, parks are in the top percentile range (parks around the 98th percentile), and cafes are also solidly above average. Average school ratings trend around mid-pack (about 3.0/5), which is competitive for workforce-oriented assets in this part of the metro.
From an operations perspective, neighborhood multifamily occupancy is 98.1% and has improved over the last five years, indicating durable leasing and retention dynamics. NOI per unit performance trends in the top few percent of neighborhoods nationwide, suggesting landlords in this area have historically translated demand into strong operating margins, based on CRE market data from WDSuite.
Tenure patterns point to a deep renter base: within the neighborhood, the share of housing units that are renter-occupied is roughly mid-50s, supporting consistent leasing velocity and renewal prospects. Within a 3-mile radius, demographics show a broad middle-income profile with a mix of family and professional households; households increased modestly in recent years and are projected to grow meaningfully by 2028, expanding the local renter pool and supporting occupancy stability.
Home values rank in the mid-90s nationally, signaling a high-cost ownership market. That backdrop typically sustains reliance on multifamily housing and supports pricing power, while the neighborhood s rent-to-income positioning implies manageable affordability pressure for lease management.
Vintage context: the property s 1978 construction is slightly newer than the neighborhood s average 1970 stock. Investors should anticipate selective capital planning (systems, common-area refresh) to defend competitiveness against newer product while also unlocking value-add upside.
Safety metrics are above the national median for neighborhoods, with property offenses benchmarking around the upper quartile nationally. Recent trends indicate a notable year-over-year decline in property crime, while violent incidents show a modest uptick; together, this suggests generally improving conditions on property-related offenses with mixed signals on person-related events.
Within the Los Angeles-Long Beach-Glendale metro, the neighborhood compares favorably versus many peers on national measures, though investors should underwrite with standard security, lighting, and access-control best practices to maintain resident retention and protect operations.
Proximity to corporate offices underpins commuter convenience and a diversified renter base, including energy, utilities, packaging, and materials headquarters. Nearby anchors include Chevron, Edison International, International Paper, Avery Dennison, and Reliance Steel & Aluminum.
- Chevron — corporate offices (5.4 miles)
- Edison International — utilities (7.7 miles) — HQ
- International Paper — packaging & paper (13.6 miles)
- Avery Dennison — materials & labeling (14.6 miles) — HQ
- Reliance Steel & Aluminum — metals & distribution (15.7 miles) — HQ
125 W Olive Ave offers scale at 82 units in an inner-suburban location where neighborhood occupancy is 98.1% and NOI per unit performance trends among the strongest nationally. Elevated home values in the submarket reinforce renter reliance on multifamily housing, supporting pricing power and lease retention, while the local renter-occupied share signals depth of demand. According to CRE market data from WDSuite, amenity access (parks, groceries, dining) compares favorably to national benchmarks, bolstering day-to-day livability that supports leasing.
The 1978 vintage is slightly newer than the neighborhood s average stock, with potential to unlock value through targeted capex (unit interiors, common areas, building systems) to sharpen competitive positioning versus newer deliveries. Within a 3-mile radius, households rose recently and are projected to expand further by 2028, pointing to a larger tenant base and support for occupancy stability over a longer hold.
- High neighborhood occupancy and strong operating benchmarks support stable cash flow potential.
- High-cost ownership market reinforces rental demand and pricing power.
- Amenity-rich inner-suburban location aids leasing velocity and retention.
- 1978 vintage presents value-add levers via selective modernization and systems upgrades.
- Risk: mixed safety trends and an older asset profile warrant prudent security and capex planning.