
Monrovia, California 91016
This property represents a High-Potential Investment Opportunity, listed at $1,288,000—positioned above the $1,243,519 Fair Market Value. While the price reflects a premium, the asset offers significant value-add potential through the modernization of its 1922 main residence and 1953 ADU. Featuring separate utility meters and mountain views, this compound is a prime candidate for rental income or multi-generational living. With a Condition Rating of 4, the property requires cosmetic updates to maximize its long-term equity. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 163 May Avenue Subject | $1,288,000* List Price | 4 | 3 | 2,200 | $565 | - |
A 132 Poinsettia Avenue Sold | $1,285,000 | 5 | 4 | 2,148 | $598 | 0.2 mi |
B 244 E Lime Sold | $985,000 | 4 | 2 | 1,480 | $666 | 0.4 mi |
C 132 Poinsettia Avenue Sold | $1,285,000 | 0 | 0 | 2,148 | $598 | 0.2 mi |
D 223 N Mountain Sold | $950,000 | 0 | 0 | 1,656 | $574 | 0.6 mi |
E 539 Cloverleaf Active | $1,249,000 List Price | 4 | 3 | 2,390 | $523 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property consists of a 1922 main house and a 1953 ADU. While key systems like HVAC, electrical, and windows have been updated, the kitchen and bathrooms are significantly dated (likely 30+ years old) and require modernization. The interior shows visible wear on original wood surfaces, placing it in the 'dated' category needing updates rather than full structural rehab.
The property includes a fully independent second dwelling unit with separate gas and electric meters, providing an excellent opportunity for rental income or multi-generational living.
This unique 1920s carriage barn conversion retains vintage charm like original hardwood floors while benefiting from essential updates including central HVAC, dual-pane windows, and an updated electrical system.
Situated in a highly desirable neighborhood close to downtown, the property offers mountain views and a spacious lot, ensuring strong long-term equity potential.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2200, other record living area = 1840. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The main residence is noted as awaiting a 'stylistic vision,' indicating that buyers should budget for significant aesthetic updates to modernize the interior spaces.
Given the 1922 construction and unique conversion history, the home may present age-related maintenance challenges and structural quirks typical of century-old buildings.
Steeped in Monrovia history, this unique property blends incredible vintage character with immense upside potential. Originally built as a carriage barn contractor W.H. McCune pulled permits in 1920 to transform the structure into a home. While it began its life as a two bedroom, one bathroom residence the main home has since been expanded to feature 3 bedrooms, 1 1/2 bathrooms and a convenient interior laundry room. Interior features original hardwood floors, classic built-in china hutch in the dining room and built-in shelves in the living room. Under the house a small basement area that possibly once housed the original furnace offers a historic nod to the home’s past. While the main home awaits your stylistic vision key infrastructure is already in place, duel -pane vinyl windows, central heating and air conditioning and an electrical system that was updated from original. A long driveway provides ample parking leading to a two car detached garage. Adding immense value to the property is a second fully independent dwelling unit built in 1953. This separate home includes 1 bedroom with a walk-in closet, 1 bathroom, a living room anchored by a cozy brick fireplace and a kitchen nook complete with its own built-in china hutch off the kitchen. Highly functional for renters, investors or multi-generational living the AUD features separate electricity and gas meters for each unit, while conveniently sharing a water meter. This historic compound represents a rare opportunity to build equity in a highly desirable North Monrovia neighborhood. Conveniently located close to downtown!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 5.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,200 | 2,540 |
| Lot Size | 7,503 | 14,461 |
| Price | $1.29M | $1.19M |
| Price per sq ft | $585 | $599 |
| Built year | 1922 | 1947 |
| HOA | $0 | $0 |
| Days on market | 2 | 46 |
Jul 21, 2026
$1,288,000
Initial Listing
Jul 20, 2026
$12,880,000
Initial Listing