
Monrovia, California 91016
This property presents a High-Potential Investment Opportunity with a List Price of $1,288,000, positioned slightly above the $1,273,724 Fair Market Value. While the property requires a full cosmetic overhaul given its Condition Rating of 4, the inclusion of a separate 1953 ADU with independent meters provides immediate rental income potential. Key infrastructure, including central HVAC and updated electrical, mitigates major renovation risks. This historic compound is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage multi-unit income in a desirable North Monrovia location.
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 | 0 | 0 | 2,200 | $579 | - |
A 132 Poinsettia Avenue Sold | $1,285,000 | 0 | 0 | 2,148 | $598 | 0.2 mi |
B 132 Poinsettia Avenue Sold | $1,285,000 | 5 | 4 | 2,148 | $598 | 0.2 mi |
C 223 N Mountain Sold | $950,000 | 0 | 0 | 1,656 | $574 | 0.6 mi |
D 244 E Lime Sold | $985,000 | 0 | 0 | 1,480 | $666 | 0.4 mi |
E 244 E Lime Sold | $985,000 | 4 | 2 | 1,480 | $666 | 0.4 mi |
F 630 W Foothill Pending | $1,250,000 List Price | 0 | 0 | 2,200 | $568 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is over 100 years old with a 70-year-old ADU. While it benefits from significant infrastructure updates including central HVAC, updated electrical, and dual-pane windows, the interior is heavily dated. The kitchen and bathrooms appear to be 30+ years old, and the interior finishes—specifically the peeling wood trim and worn flooring—require a full cosmetic overhaul rather than minor repairs.
The property includes a fully independent second dwelling unit built in 1953 with its own gas and electric meters, making it ideal for rental income, investors, or multi-generational living.
Despite its historic 1922 origins, the home features essential modern updates including dual-pane vinyl windows, central heating and air conditioning, and an updated electrical system.
Located in a desirable North Monrovia neighborhood near downtown, the home retains unique vintage charm with original hardwood floors, built-in china hutches, and mountain views.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2200, other record living area = 1840.
The main residence is described as awaiting a 'stylistic vision,' indicating that significant interior updates and aesthetic improvements are likely required to maximize its value.
While gas and electricity are separately metered, the two units share a single water meter, which can complicate utility billing and management between tenants.
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 | 0.0 | 5.0 |
| Baths | 0.0 | 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 20, 2026
$1,288,000
Initial Listing