123 W Central, Monrovia, California 91016, Monrovia, 91016 - 4 bed, 2 bath
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Monrovia, California 91016
This Single-Story Residential Asset represents a Strong Value Opportunity, listed at $1,150,000—positioned well below the $1,120,490 Fair Market Value by -2%. While the property is priced slightly above market, its Fair Condition Rating and 1948 vintage offer a canvas for modernization. Featuring a 1,942 sqft open floor plan and mature landscaping on a 7,512 sqft lot, the home provides significant potential for value-add renovations. Located within the Monrovia Unified school district, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a long-term project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 123 W Central Subject | $1,150,000* List Price | 4 | 2 | 1,942 | $577 | - |
A 511 W Maple Sold | $1,100,000 | 4 | 2 | 1,808 | $608 | 0.6 mi |
B 2338 Rochelle Sold | $990,000 | 3 | 2 | 1,476 | $671 | 1.0 mi |
C 240 Pamela Road Sold | $1,000,000 | 3 | 2 | 1,698 | $589 | 0.9 mi |
D 531 W Walnut Sold | $1,150,000 | 4 | 3 | 1,755 | $655 | 0.8 mi |
E 2032 Graydon Sold | $935,000 | 3 | 2 | 1,224 | $764 | 0.6 mi |
F 231 E Walnut Sold | $875,000 | 2 | 2 | 1,204 | $727 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1948 (76 years old), the property is described as 'contemporary,' suggesting an interior remodel, likely dating back to the mid-2000s based on sales history. The exterior shows a dated concrete block construction, older window units, and dry landscaping. Without evidence of a recent (<15 year) full renovation of systems, kitchens, or baths, it falls into the Fair category as a functional but dated home needing modernization.
The 1,942 sqft single-story floor plan offers a seamless flow and accessibility, making it highly desirable for families or those seeking long-term residency without the inconvenience of stairs.
Featuring a contemporary design with an open, airy layout and abundant natural light, the home aligns with modern buyer preferences for bright and inviting living spaces.
The property is surrounded by mature landscaping and lush foliage on a generous 7,512 sqft lot, providing a rare sense of privacy and tranquility in a suburban setting.
The property listing specifies no views, which may be a drawback for buyers in the Monrovia area who prioritize mountain or city light vistas.
Originally built in 1948, the home may have aging core systems or structural elements that require more maintenance compared to newer constructions in the same price bracket.
Beautiful contemporary 4-bedroom, 2-bath single-story home featuring an open and airy floor plan with abundant natural light. Spacious living areas flow seamlessly, creating an ideal setting for everyday living and entertaining. Mature landscaping surrounds the property with lush foliage, offering a peaceful and private outdoor environment. Convenient single-level living in a desirable setting.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,942 | 1,597.5 |
| Lot Size | 7,512 | 6,494 |
| Price | $1.15M | $1.13M |
| Price per sq ft | $592 | $692 |
| Built year | 1948 | 1957 |
| HOA | $0 | $180 |
| Days on market | 29 | 48 |
Jun 23, 2026
$1,150,000
Initial Listing
May 1, 2006
$590,000
Public Record
Jun 9, 2004
$365,000
Public Record
Feb 16, 2000
$119,000
Public Record