136 Madeline, Monrovia, California 91016, Monrovia, 91016 - 6 bed, 9 bath
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Monrovia, California 91016
This Craftsman-inspired Triplex is a Strong Value Opportunity, listed at $1,898,000—positioned well below the $2,051,050 Fair Market Value by 7%. This valuation gap provides $153,050 in Instant Equity for the incoming owner. The property maintains a Well-Maintained Condition Rating, featuring three townhouse-style units with mountain views, private garages, and updated kitchens in a prime North Monrovia cul-de-sac. Located within the Monrovia Unified School District, this asset combines stable rental income with long-term appreciation potential. It is an exceptional acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-quality house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 136 Madeline Subject | $1,898,000* List Price | 6 | 9 | 3,678 | $558 | - |
A 422 Almond Sold | $1,495,000 | 5 | 4 | 2,770 | $540 | 0.9 mi |
B 116 N Canyon Sold | $1,758,000 | 5 | 4 | 2,914 | $603 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1988 triplex is well-maintained and move-in ready. Two of the three units feature remodeled kitchens and newer flooring, and all units are equipped with central HVAC. The property also boasts a durable 50-year concrete tile roof and updated outdoor spaces, meeting the criteria for a well-maintained property with functional major systems and partial modern updates.
Each of the three townhouse-style units offers a highly desirable floor plan featuring two en-suite bedrooms, 2.5 bathrooms, and direct access to private two-car garages, maximizing tenant appeal and retention.
Situated on a quiet cul-de-sac in desirable North Monrovia, this corner-lot property offers excellent curb appeal, mountain views, and a peaceful residential setting that commands premium rental rates.
With a durable 50-year concrete tile roof, central HVAC in all units, and long-term tenants paying near market rents, the property provides immediate stability and low projected maintenance costs.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9161, other record lot size in square feet = 4237. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 9.
The 'drive-by only' requirement and the restriction of interior inspections until after an offer is accepted may deter some buyers and complicates the initial due diligence process.
Since the end units are already remodeled and rents are currently near market levels, there is less opportunity for an investor to quickly increase equity or cash flow through immediate renovations.
Exceptional triplex investment opportunity in desirable North Monrovia. Situated on a corner lot spanning two parcels on a quiet cul-de-sac, this unique property features three townhouse-style units, each offering approximately 1,226 square feet of well-designed living space. Built in 1988 with Craftsman-inspired architecture, each unit is two stories with two en-suite bedrooms upstairs and 2.5 bathrooms. The ground floor of each unit offers a convenient half bath, separate laundry area, and direct access to a two-car attached garage. Each residence also enjoys its own distinctive outdoor space: 138 Madeline features a newly constructed front patio with French drains and an expansive side patio; 136 Madeline offers an extra-large balcony with beautiful mountain views; and 921 Ocean View includes a private walled patio for added privacy. The property is highlighted by a majestic oak tree at the front, creating a welcoming presence in this peaceful residential neighborhood. Both end units feature newer flooring and remodeled kitchens, and all units include central air and heat. Additional features include a durable concrete tile 50-year roof, excellent curb appeal, and long-term tenants currently paying at or near market rents, making this an attractive opportunity for investors seeking stable income in a prime foothill location. The property has been well maintained and shows pride of ownership throughout. Drive-by only. Interior inspection subject to accepted offer. Please do not disturb tenants.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 0.0 | 87% |
| Baths | 9.0 | 0.0 | 93% |
| Square foot | 3,678 | 2,024 | 93% |
| Lot Size | 9,161 | 8,000 | 67% |
| Price | $1.90M | $1.13M | 93% |
| Price per sq ft | $516 | $557 | 33% |
| Built year | 1988 | 1952 | 93% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 188 | 7% |
Mar 10, 2026
$1,898,000
Initial Listing
Oct 29, 2004
$875,000
Public Record
Apr 19, 2002
$550,000
Public Record