
Monrovia, California 91016
This High-Potential Investment Opportunity is listed at a List Price of $1,039,000, positioned above the $984,030 Fair Market Value. While priced at a premium, the property offers significant upside through its 9,488 sqft oversized lot and fully drafted plans for a 1,518 sqft addition. Featuring a Condition Rating of 3, the home provides immediate comfort with modern updates. This asset is a strategic play for Buy-and-Hold Investors or Owner-Occupants looking to fast-track a major expansion in a prime Monrovia location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 134 Melrose Subject | $1,039,000* List Price | 2 | 2 | 918 | $1,072 | - |
A 347 Linwood Avenue Sold | $780,000 | 2 | 1 | 780 | $1,000 | 0.2 mi |
B 305 S Mayflower Avenue Sold | $918,000 | 2 | 1 | 912 | $1,007 | 0.3 mi |
C 149 Grand Avenue Sold | $1,100,000 | 3 | 2 | 1,281 | $859 | 0.7 mi |
D 341 Norumbega Sold | $1,210,000 | 3 | 2 | 1,283 | $943 | 1.0 mi |
E 231 E Lemon Pending | $1,065,000 List Price | 3 | 3 | 1,108 | $961 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1923, the property has undergone significant renovations that appear to be within the 5-15 year range. The kitchen features updated cabinetry, stone counters, and stainless steel appliances, while the interior boasts modern wood-look flooring, recessed lighting, and updated bathrooms. The home is well-maintained, functional, and move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9488, living area = 918.
The property features an oversized 9,488 sqft lot and includes fully drafted plans for a 1,518 sqft addition, offering a rare 'fast-track' opportunity to nearly triple the living space.
This 1923 storybook bungalow maintains its original architectural charm while featuring high-end modern updates, including a remodeled kitchen, updated bathrooms, and recessed lighting.
The property was recently sold within the past year on 2026-03-20. The sold price is $860,000.00.
With only 918 square feet of current interior space, the home may feel cramped for families or buyers who are not prepared to immediately begin the planned expansion.
The list price of $1.039M represents a premium price point for a sub-1,000 square foot structure, placing heavy financial weight on the value of the land and future development plans.
Step into this storybook bungalow located on one of Monrovia's most peaceful streets. This 2-bed, 2-bath gem has been meticulously maintained, featuring a bright, airy kitchen with updated cabinetry and a spacious living room perfect for entertaining. The property shines with its craftsman architecture, including front porch and mature landscaping. The standout feature is the oversized lot, offering nearly 9,500 square feet of private space—rare for the area. Whether you’re looking to build your dream backyard or explore development opportunities, this property offers the space and character you’ve been searching for. Modern wood-look flooring, recessed lighting, and updated bathrooms. Original 1920s architecture, brick fireplace, and covered front porch. • Prime Location: Located in a desirable Monrovia neighborhood near local dining and shopping. Incredible Opportunity with Ready-to-Build Plans in Prime Monrovia! This charming property offers the perfect blend of immediate comfort and massive upside potential. Best of all, it comes complete with fully drafted plans for a massive 1,518 square foot addition to the main house. Skip the lengthy design delays and fast-track your dream home expansion. Whether you are an investor looking to maximize equity or a homeowner wanting to customize your forever space, this property delivers unmatched value. Located on a beautiful tree-lined street close to Old Town Monrovia's shopping, dining, and transit. Do not miss out on this rare, value-add gem!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 918 | 1,543.214 |
| Lot Size | 9,488 | 7,202.929 |
| Price | $1.04M | $1.10M |
| Price per sq ft | $1.1K | $721 |
| Built year | 1923 | 1952 |
| HOA | $0 | $259 |
| Days on market | 23 | 53 |
Aug 17, 2026
$1,039,000
Initial Listing
Mar 20, 2026
$860,000
Public Record