135 El Nido Avenue, Monrovia, California 91016, Monrovia, 91016 - 3 bed, 2 bath
ACTIVE UNDER CONTRACT$925,000$1,366/sqft
Est. Value: $924,519
%
FairlyEstimate
135 El Nido Avenue, Monrovia, California 91016
3Beds
2Baths
1,366Sqft
7,056Lot
Price Vs. Estimate
The estimated value ($924,519.315) is $480.685 (0%) lower than the list price ($925,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7056, living area = 1366.
Top Cons:
Extensive Updating Required: Both units are explicitly stated to be in need of updating, indicating that a new owner should anticipate significant renovation costs and effort to modernize the property.
Compared to the nearby listings
Price:$925.0K vs avg $990.0K ($-65,000)40%
Size:1,366 sqft vs avg 1,420 sqft46%
Price/sqft:$677 vs avg $71244%
More Insights
Built in 1945 (81 years old).
Condition: Built in 1945, the property explicitly states both units are 'in need of updating.' Images reveal severely outdated kitchens with worn linoleum flooring, old tiled countertops, and no visible modern appliances. Bathrooms feature a mix of old fixtures, dated tile work (pink in one, basic in the other), and worn flooring. Carpets throughout the bedrooms are heavily stained and worn, requiring immediate replacement. While the front unit has central AC and some newer windows, the overall condition of interior finishes, fixtures, and systems indicates a need for substantial rehabilitation rather than minor updates.
Year Built
1945
Close
-
List price
$925K
Original List price
$925K
Price/Sqft
$677
HOA
-
Days on market
-
Sold On
-
MLS number
AR26001134
Home ConditionPoor
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
Great opportunity to own a two-unit property at 135 and 135 1/5 El Nido in Monrovia. The front house features 2 bedrooms and 1 bathroom, living room kitchen with dining area, inside laundry room, central air conditioning, newer windows in the front of the house, hardwood floors, 1 car garage, private back patio and front yard. The detached rear unit offers 1 bedroom and 1 bathroom, living room, kitchen and 1 car garage, with its own entrance and front and back patio. As per assessors the font unit measures 946 sq.ft. and the back house 420 sq.ft. Both units are in need updating, making this an ideal property for investors, contractors, or owner occupants looking to renovate and add value. Located in a desirable Monrovia neighborhood near shopping, dining and transportation, and adjacent to the City of Arcadia.
E
Elizabeth Gallegos
Listing Agent
Condition Rating
Poor
Built in 1945, the property explicitly states both units are 'in need of updating.' Images reveal severely outdated kitchens with worn linoleum flooring, old tiled countertops, and no visible modern appliances. Bathrooms feature a mix of old fixtures, dated tile work (pink in one, basic in the other), and worn flooring. Carpets throughout the bedrooms are heavily stained and worn, requiring immediate replacement. While the front unit has central AC and some newer windows, the overall condition of interior finishes, fixtures, and systems indicates a need for substantial rehabilitation rather than minor updates.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7056, living area = 1366.
Multi-Unit Income Potential: This property features two distinct units (a 2-bedroom, 1-bathroom front house and a 1-bedroom, 1-bathroom detached rear unit), offering excellent potential for rental income or multi-generational living arrangements.
Desirable Location: Situated in a sought-after Monrovia neighborhood, the property benefits from proximity to shopping, dining, and transportation options, and is conveniently adjacent to the City of Arcadia.
Value-Add Opportunity: Explicitly identified as an ideal property for investors, contractors, or owner-occupants, it presents a significant opportunity to renovate and add substantial value.
Mountain Views: The property offers appealing mountain views, enhancing its aesthetic and desirability.
Front Unit Amenities: The front house includes desirable features such as central air conditioning, newer windows in the front, hardwood floors, an inside laundry room, and private outdoor spaces (back patio and front yard).
Cons
Extensive Updating Required: Both units are explicitly stated to be in need of updating, indicating that a new owner should anticipate significant renovation costs and effort to modernize the property.
Age of Property: Built in 1945, the property's age suggests potential for outdated systems, infrastructure, and design elements that may require substantial investment for upgrades and maintenance.
Smaller Rear Unit Size: The detached rear unit measures only 420 sq.ft., which may limit its functionality, appeal, or potential rental income compared to larger units.