
Monrovia, California 91016
This High-Potential Investment Opportunity is listed at $1,880,000, positioned well below the $2,225,340 Fair Market Value by 15%. This valuation gap offers $345,340 in Instant Equity for the savvy buyer. Featuring a Turnkey Condition Rating with a fully remodeled triplex and a 2023 permitted ADU, this 10-bedroom Asset minimizes capital expenditure. Its prime location near Old Town Monrovia ensures strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset their mortgage.
Property is new construction or fully renovated.
The property underwent an extensive remodel only three years ago, featuring modern kitchens with new appliances and updated bathrooms with contemporary finishes. All major systems, including central HVAC and water heaters, were replaced within the last three years, and a new ADU was added in 2023, placing the entire complex in mint, turnkey condition.
The property was extensively remodeled three years ago with modern kitchens, bathrooms, and updated systems, including central HVAC and new water heaters, minimizing immediate capital expenditure.
Featuring four units including a detached front house and a newly permitted 2023 ADU, the property offers a rare 10-bedroom configuration that maximizes rental income potential.
Situated in the heart of Monrovia near Old Town and the I-210 freeway, the property benefits from high tenant demand, walkability, and strong long-term appreciation prospects.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4285, other record living area = 3413.
A recent price increase of nearly $100,000, combined with a significant jump from its 2022 sale price, may compress the capitalization rate for investors.
With four units and a garage-to-ADU conversion on a 9,028 sqft lot, there is likely limited private outdoor space and potentially constrained parking for the high number of occupants.
Turnkey Triplex + Permitted ADU in the Heart of Monrovia — 4 Income Units, Fully Remodeled. An exceptional income opportunity in one of the San Gabriel Valley's most desirable cities. This well-maintained four-unit property combines a spacious triplex with a permitted 2023 ADU, offering a strong unit mix and immediate rental upside. Extensively remodeled just three years ago, every unit shows beautifully with modern kitchens and bathrooms, new kitchen appliances, fresh and well-kept interior paint, dual-pane windows, and abundant natural light pouring through wide windows. The units: Front Unit (detached) — 2 bed / 1.5 bath, 993 sqft, a private standalone home offering added privacy and rental appeal. Middle Unit, Downstairs — 3 bed / 2 bath, 1,267 sqft, generous living space with a comfortable, functional layout. Middle Unit, Upstairs — 3 bed / 2 bath, 1,295 sqft, bright and airy with the largest footprint of the group, featuring a remodeled balcony with new decking and waterproofing. ADU — 2 bed / 1 bath, 730 sqft, professionally converted from a garage with permits (built 2023), adding a fourth income stream and excellent value. Each triplex unit benefits from central AC and heat installed just three years ago and meticulously maintained, while the ADU is served by its own efficient mini-split system. New water heaters were also added three years ago — all part of the same quality remodel throughout, making this a genuinely turnkey asset with minimal deferred maintenance. Prime location: Everything is within easy reach, including quick access to the I-210 freeway, shopping centers, parks, schools, and a wide range of restaurants. Monrovia's charm, walkable Old Town, and strong rental demand make this an ideal hold for investors or owner-users looking to offset their mortgage. Ten bedrooms and seven bathrooms across roughly 4,285 square feet of living space — a rare, fully updated multi-unit offering that's ready to perform from day one. Don't miss this one.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.9 |
| Baths | 0.0 | 2.1 |
| Square foot | 4,285 | 1,626 |
| Lot Size | 9,028 | 8,274 |
| Price | $1.88M | $1.16M |
| Price per sq ft | $439 | $706 |
| Built year | 1947 | 1925 |
| HOA | $0 | $0 |
| Days on market | 57 | 70 |
Aug 1, 2026
$1,880,000
$1,788,000
+5% Price Increase
Initial Listing
Jul 14, 2026
$1,788,000
Initial Listing
Sep 22, 2022
$1,300,000
Public Record
Feb 1, 1994
$250,000
Public Record