
Monrovia, California 91016
This property presents a High-Potential Investment Opportunity with a List Price of $895,000—positioned well below the $896,000 Fair Market Value by 0.11%. This asset offers $1,000 in Instant Equity. Featuring a Fair Condition Rating, the property requires significant legal and structural work to formalize unpermitted units. However, recent electrical and cosmetic upgrades provide a solid foundation for Buy-and-Hold Investors or Experienced Developers seeking to leverage ADU expansion potential in a high-demand, unincorporated Monrovia location.
Property is extensive renovation needed.
Built in 1951 and sold 'as-is,' this property is marketed as an investor rehab project. While some units have recent cosmetic updates (vinyl flooring, paint, cabinets), the property features significant unpermitted structural changes, including a garage conversion and a second unit without final permits. The lack of sub-metered utilities and the call for architects suggest substantial legal and structural work is needed to bring the property to code.
Located in an unincorporated area of LA County near million-dollar homes, the property offers substantial equity growth opportunities through ADU expansion and formalizing the existing structures.
The property features essential capital improvements, including new electrical panels and conduits, a new water heater, and updated interior finishes such as designer vinyl flooring and new kitchen cabinetry.
With a detached front house and multiple rear units, the layout provides excellent flexibility for multi-generational living or a high-yield rental portfolio in a high-demand market.
Two of the three units lack final city permits, posing significant legal risks and likely restricting financing options to cash or hard money lenders.
The property utilizes single meters for gas, electricity, and water across all units, complicating tenant billing and increasing management overhead for the owner.
Investor's delight added value opportunity in Monrovia in (Unincorporated area of Los Angeles County) , cash offers preferred. Please do not go into property and disturb the tenants. All showing is by appointment only with listing agent. This property is being sold in its AS-IS condition. This property is within 1/4-mile radius of around million-dollar home sales. . Front house is facing Benrud Street, it is vacant and has its own side yard area, and its own private garage, plus its own driveway and it is 2 bedrooms 1 bath, this house is a separate building by itself. Back unit 203 1/2 is also vacant and is also a 2-bedroom 1 bath, remodeled, this unit does not have final permits as a unit according to the city's records. But the tax assessor records show it as 2 units. The garage was converted to a unit, called 203 B , without any city permits, and it is 1 bedroom 2 bath. The upstairs unit has new designer vinyl flooring, new tile kitchen cabinets, new sink and faucet and under sink piping, new painting in all the rooms. It also has new vinyl window, in the living room. New water heater and new electrical panels serving all 3 units and with new conduits. There is one Gas, Electrical, and Water meter for all units. Bring your architects and explore all your expansion & ADU and renovation possibilities.
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 | 1,588 | 2,540 |
| Lot Size | 6,048 | 14,461 |
| Price | $895.0K | $1.19M |
| Price per sq ft | $564 | $599 |
| Built year | 1951 | 1947 |
| HOA | $0 | $0 |
| Days on market | 27 | 46 |
Jun 25, 2026
$895,000
Initial Listing
Sep 15, 2017
$645,000
Public Record
Aug 5, 2003
$360,000
Public Record
Apr 10, 2003
$250,000
Public Record