119 S Alta Vista Ave, Monrovia, California 91016, Monrovia, 91016 - bed, bath
ACTIVE$798,000$1,504/sqft
119 S Alta Vista Ave, Monrovia, California 91016
0Bed
0Bath
1,504Sqft
8,732Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property features two separate homes on one lot, categorized as 'Residential Income,' offering excellent potential for rental income or multi-generational living arrangements.
Top Cons:
Property Age: Built in 1950, the property is over 70 years old, suggesting potential for outdated systems, deferred maintenance, or the need for significant capital expenditures for upgrades to meet modern standards.
Compared to the nearby listings
Price:$798.0K vs avg $930.0K ($-132,006)23%
Size:1,504 sqft vs avg 2,000 sqft23%
Price/sqft:$531 vs avg $53646%
More Insights
Built in 1950 (76 years old).
Condition: Built in 1950, this property is over 70 years old. While functional, the kitchen features dated dark cabinets, older laminate-style countertops, and basic tile flooring. The bathroom is also significantly outdated with a basic vanity, older tile, and a ceiling that appears to be in poor condition. The property requires substantial cosmetic updates and potentially some minor repairs to bring it to modern standards, aligning with the 'fair' condition criteria for an aged home with outdated but functional components.
Year Built
1950
Close
-
List price
$798K
Original List price
$998K
Price/Sqft
$531
HOA
-
Days on market
-
Sold On
-
MLS number
AR25083294
Home ConditionFair
Features
View-
About this home
Two separate homes on a lot. Each unit includes its own private backyard and parking garage. The front unit features 2 bedrooms and 1 bathroom, the rear unit offers 1 bedroom and 1 bathroom. Both residences have separate water, gas, and electrical meters. Conveniently located within walking distance to parks, schools, and historic downtown Monrovia. This property presents an excellent investment opportunity.
S
Shirley Tang
Listing Agent
Condition Rating
Fair
Built in 1950, this property is over 70 years old. While functional, the kitchen features dated dark cabinets, older laminate-style countertops, and basic tile flooring. The bathroom is also significantly outdated with a basic vanity, older tile, and a ceiling that appears to be in poor condition. The property requires substantial cosmetic updates and potentially some minor repairs to bring it to modern standards, aligning with the 'fair' condition criteria for an aged home with outdated but functional components.
Pros & Cons
Pros
Income-Generating Duplex: The property features two separate homes on one lot, categorized as 'Residential Income,' offering excellent potential for rental income or multi-generational living arrangements.
Independent Utilities: Each unit benefits from separate water, gas, and electrical meters, simplifying tenant billing and significantly reducing landlord overhead and management complexity.
Desirable Location: Conveniently located within walking distance to parks, schools, and historic downtown Monrovia, enhancing tenant appeal and contributing to long-term property value.
Private Unit Amenities: Both residences include their own private backyard and dedicated parking garage, providing valuable individual space, privacy, and convenience for residents.
Significant Price Adjustment: A substantial price reduction from the original list price of $998,000 to $798,000 indicates a potential value opportunity and a motivated seller.
Cons
Property Age: Built in 1950, the property is over 70 years old, suggesting potential for outdated systems, deferred maintenance, or the need for significant capital expenditures for upgrades to meet modern standards.
Modest Unit Sizes: The units are configured as 2 bedrooms/1 bathroom and 1 bedroom/1 bathroom, which are relatively small and may limit the target tenant demographic or rental income potential compared to larger units.
Lack of Specific View: The property description explicitly states 'view: None,' which might be a minor detractor for some prospective buyers or tenants seeking scenic surroundings.