143 N Garfield Place, Monrovia, California 91016, Monrovia, 91016 - bed, bath

143 N Garfield Place, Monrovia, California 91016 home-pic-0
ACTIVE$1,198,000
143 N Garfield Place, Monrovia, California 91016
0Bed
0Bath
1,700Sqft
8,033Lot
Year Built
1951
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$705
HOA
-
Days on market
-
Sold On
-
MLS number
AR25199270
Home ConditionGood
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(69th), sqft - 1700(69th), beds - undefined(1th), baths - undefined(1th).

Welcome to 143 N Garfield Place in the heart of Monrovia—a rare opportunity to own a fully tenant-occupied, income-generating duplex in a prime location. Situated on a quiet cul-de-sac just north of Foothill Blvd., this property features two separate homes on one lot, offering both immediate rental income and long-term investment potential. The front residence is a spacious 3-bedroom, 2-bathroom home with approximately 1,300 square feet of living space. It boasts vaulted ceilings, a cozy fireplace in the living room, and abundant natural light throughout. Tenants enjoy the convenience of in-unit laundry, a large backyard shaded by mature oak trees, and a covered patio deck perfect for relaxing or entertaining. The rear unit is a fully permitted ADU, newly constructed in 2024. This modern 1-bedroom, 1-bathroom home spans 400 square feet and features vaulted ceilings, LED recessed lighting, and its own laundry area. Both units are thoughtfully designed to provide comfort and privacy, making them highly desirable rental options. Currently, the front unit is leased at $3,589 per month and the ADU at $2,650 per month, offering a strong return on investment from day one. Located within close proximity to everyday conveniences including CVS, Ralphs, Grocery Outlet, Starbucks, and a variety of restaurants. Residents also enjoy easy access to Old Town Monrovia, public transportation, and major freeways, enhancing the property's appeal and accessibility. Whether you're expanding your portfolio or entering the rental market, this well-maintained, income-producing property offers a compelling blend of location, functionality, and financial upside.

Price History

Date
Event
Price
09/10/25
Listing
$1,198,000
Condition Rating
Good

This property is a duplex consisting of two distinct units. The rear unit is a newly constructed ADU (2024), which is in excellent, modern condition with new appliances, flooring, and fixtures. The front residence, built in 1951, is well-maintained and move-in ready. It features updated hardwood flooring, vaulted ceilings, and functional stainless steel kitchen appliances. While the main house's kitchen cabinets and countertops show some age and are not fully contemporary, and the bathrooms (not fully pictured for the main house) are likely consistent with its age, the unit does not require immediate major renovations. The overall condition is elevated by the brand-new ADU and the good upkeep of the main house, making it a solid 'Good' rating.
Pros & Cons

Pros

Strong Income Generation: The property is a fully tenant-occupied duplex generating a substantial combined monthly income of $6,239, offering immediate cash flow and a strong return on investment.
New ADU Construction: A fully permitted Accessory Dwelling Unit (ADU) was newly constructed in 2024, providing modern amenities, increased rental appeal, and long-term value to the property.
Prime Location & Accessibility: Located on a quiet cul-de-sac in Monrovia, north of Foothill Blvd., with excellent proximity to essential conveniences (CVS, Ralphs, Starbucks) and easy access to Old Town Monrovia, public transportation, and major freeways.
Desirable Unit Features: Both units boast attractive features such as vaulted ceilings and in-unit laundry, with the front unit also offering a fireplace, abundant natural light, a large backyard, and a covered patio.
Investment Potential: This property presents a compelling blend of immediate rental income and significant long-term investment potential due to its multi-unit structure, new ADU, and desirable location.

Cons

Age of Main Structure: The front residence was built in 1951, which may indicate older infrastructure and systems that could require more frequent maintenance or future capital expenditures compared to newer properties.
Tenant Occupancy Constraints: As a fully tenant-occupied property, an owner seeking to occupy one of the units would need to navigate existing lease agreements and potential tenant relocation processes, which can be complex.
Limited Expansion Potential: With two homes already on the lot and a substantial portion of the 8,033 sqft lot likely utilized, there may be limited opportunities for further expansion or significant development without extensive planning and permits.

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