128 Los Angeles, Monrovia, California 91016, Monrovia, 91016 - 3 bed, 1 bath
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Monrovia, California 91016
This SB9-Eligible Development Asset is listed at $958,000, reflecting the premium value of its expansive 13,621 sq ft lot, deck, and scenic Mountain Views. While positioned above the $909,327 Fair Market Value, the property’s 80-foot wide frontage and lot-split potential provide a clear path for forced appreciation. Currently in As-Is Condition (Rating 5) with unpermitted improvements, the site’s highest and best use involves developing up to four units. This strategic acquisition is ideal for Real Estate Developers or Value-Add Investors targeting the Monrovia Unified district.
Property is extensive renovation needed.
Built in 1946 and marketed primarily as a development site, the property is sold in 'as-is' condition with significant unpermitted improvements, including a kitchen and bathroom added to a bedroom. While the interior shows some updates like ceramic tile flooring and mini-split AC units, the overall structure is aged and the listing explicitly suggests the property likely requires substantial renovation or a complete teardown to reach its highest and best use under SB9 development guidelines.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13621, living area = 1152.
The expansive 13,621 sq ft lot is SB9 eligible, offering a rare opportunity for a lot split to potentially develop up to four units, including two primary residences and two ADUs.
Ideally situated near the vibrant Old Town Monrovia, the property offers easy access to boutique shopping and dining while maintaining a peaceful atmosphere with scenic mountain views.
The property contains a kitchen and bathroom added without permits in the third bedroom, which may present challenges for traditional financing and require city compliance remediation.
Sold in its present 'as-is' state, the 1946 structure likely requires substantial renovation or a complete teardown to realize the site's highest and best use.
OUTSTANDING DEVELOPMENT OPPORTUNITIES. Set on a sprawling 13,621 sq ft lot, the property boasts a desirable rectangular shape with an impressive 80-foot wide frontage. The expansive backyard feels like your own private park—perfect for relaxation, entertaining, or simply enjoying the serene surroundings. Take in calming north-facing views of the scenic foothill mountains, creating a true sense of escape and tranquility. Under SB9 guidelines, this property may qualify for a lot split, allowing for the potential development of two large single-family homes plus two ADUs—for a total of four units (buyer to verify with the City of Monrovia). Alternatively, retain the existing residence and explore the addition of an ADU and JADU for added value and flexibility (buyer to verify). Nestled in a wonderful Monrovia location, this exceptional property offers the perfect blend of convenience, tranquility, and future potential. Ideally situated just minutes from the vibrant charm of Old Town Monrovia, you’ll enjoy easy access to popular dining, boutique shopping, local cafes, and the beloved weekly street fair—while still coming home to a peaceful retreat away from the bustling city noise. Per city records, the home features 3 bedrooms and 1 bathroom. Additional kitchen and bathroom were added without permit in the 3rd bedroom and functions as a separate 2nd unit with its own private entrance. Property is being sold in its present “AS IS, WHERE IS” condition.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 1,152 | 1,683 | 20% |
| Lot Size | 13,621 | 7,577 | 73% |
| Price | $958.0K | $1.12M | 34% |
| Price per sq ft | $832 | $696 | 80% |
| Built year | 1946 | 1949 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 68 | 141 | 12% |
Mar 30, 2026
$958,000
Initial Listing
Oct 24, 2008
$390,000
Public Record
Apr 5, 2006
$503,000
Public Record
Nov 15, 2005
$415,000
Public Record