186 5th Avenue, Monrovia, California 91016, Monrovia, 91016 - 4 bed, 3 bath
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Monrovia, California 91016
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $1,395,000—positioned above the $1,261,420 Fair Market Value. While the property requires significant capital expenditure due to its Condition Rating of 4, the 6,802 square foot lot and prime location in the Monrovia Unified school district provide a solid foundation for value-add renovations. Featuring City Lights views and a spacious 1,968 square foot layout, this asset is best suited for Value-Add Investors or Owner-Occupants capable of executing a comprehensive modernization strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 186 5th Avenue Subject | $1,395,000* List Price | 4 | 3 | 1,968 | $641 | - |
A 531 W Walnut Sold | $1,150,000 | 4 | 3 | 1,755 | $655 | 0.9 mi |
B 309 W Palm Sold | $1,010,000 | 4 | 3 | 1,687 | $599 | 0.9 mi |
C 254 Heather Heights Court Active | $1,278,000 List Price | 4 | 2 | 1,753 | $729 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1948, the property shows signs of aging with renovations that appear to be 15-25 years old. The kitchen has been partially updated with granite counters but retains dated cabinetry and patterned vinyl flooring. Interior rooms feature peeling wallpaper, older parquet flooring, and mismatched finishes that require significant cosmetic updates and likely system overhauls.
Situated in the heart of Monrovia, one of the San Gabriel Valley's most desirable neighborhoods, offering proximity to local amenities and a high-demand school district.
With 4 bedrooms, 3 bathrooms, and nearly 2,000 square feet of living area, this home provides a spacious and functional layout suitable for growing families.
The property features both front and rear yards and offers city light views, enhancing the overall aesthetic and providing ample space for outdoor living.
Built in 1948, the property may require updates to its core systems or interior finishes to meet modern energy efficiency and design standards.
At a list price of $1,395,000, the property sits at a high price point for the area, which may be a hurdle for buyers if the interior requires significant additional investment.
186 N. 5th Avenue in Monrovia, CA. The property is a charming single-family home in the heart of Monrovia, one of the San Gabriel Valley's most sought-after areas! Built in 1948, the property sits on a nice 6802 square foot lot with 1968 square feet of living area, offering a spacious and lovely neighborhood! The house benefits from both a front yard and a rear yard area!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,968 | 1,597.5 |
| Lot Size | 6,802 | 6,494 |
| Price | $1.40M | $1.13M |
| Price per sq ft | $709 | $692 |
| Built year | 1948 | 1957 |
| HOA | $0 | $180 |
| Days on market | 42 | 48 |
Jun 10, 2026
$1,395,000
Initial Listing