128 Los Angeles, Monrovia, California 91016, Monrovia, 91016 - 3 bed, 1 bath
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Monrovia, California 91016
This property presents a Strong Value Opportunity with a List Price of $899,900—positioned well below the $1,004,096 Fair Market Value by 10%. This valuation gap offers $104,196 in Instant Equity. Featuring a Fair Condition Rating and unpermitted additions, the 13,621 sq ft lot with SB9 Zoning Potential provides significant upside for development. With scenic Mountain Views and proximity to Old Town Monrovia, this is a high-reward acquisition ideal for Buy-and-Hold Investors or Developers seeking to maximize density.
Property is land value only, full reconstruction required.
Built in 1946 (>75 years old) with no recorded renovations. The listing focuses almost exclusively on land value and development potential under SB9 guidelines. The presence of unpermitted kitchen and bathroom additions, combined with an 'As-Is' sale condition, indicates the structure is likely at the end of its functional life.
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 with an 80-foot frontage offers exceptional SB9 potential for a lot split, allowing for up to four units including ADUs.
Ideally situated minutes from Old Town Monrovia, the property offers a quiet, park-like retreat while maintaining close proximity to vibrant dining, shopping, and local events.
The third bedroom contains an unpermitted kitchen and bathroom, which may create challenges for traditional financing and require future compliance with city codes.
Sold in its present 'as-is' state, the 1946 structure likely requires significant renovation or a complete teardown to maximize the property'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 which 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 |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,152 | 1,597.5 |
| Lot Size | 13,621 | 6,494 |
| Price | $899.9K | $1.13M |
| Price per sq ft | $781 | $692 |
| Built year | 1946 | 1957 |
| HOA | $0 | $180 |
| Days on market | 15 | 48 |
Jul 7, 2026
$899,900
Initial Listing
Oct 24, 2008
$390,000
Public Record
Apr 5, 2006
$503,000
Public Record
Nov 15, 2005
$415,000
Public Record