203 Benrud Street, Monrovia, California 91016, Monrovia, 91016 - 0 bed, 0 bath
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Monrovia, California 91016
This Multi-Unit Residential Income Asset is listed at $985,000, offering a strategic foothold in a high-demand area surrounded by million-dollar residences. While the price exceeds the $903,074 Fair Market Value, the property justifies its positioning with an Updated Condition Rating following extensive renovations to electrical, plumbing, and HVAC systems. Featuring a detached front house and a corner lot with ADU Potential, the layout optimizes rental density in an unincorporated county pocket. This is a prime acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey house-hack.
Property is move-in ready.
The property has undergone significant recent capital improvements, including new electrical panels, water heaters, and HVAC units. Interior photos show extensive renovations with modern grey shaker-style kitchen cabinetry, quartz-style countertops, and designer vinyl plank flooring. While the 1951 exterior and driveway show some age-related wear, the units themselves are move-in ready with updated fixtures and finishes that meet current market standards.
This triplex configuration, featuring a detached front house and a corner lot with ADU potential, offers versatile rental options and significant opportunity for future density expansion.
The property has been significantly updated with new electrical panels, new water heaters, and modern interior renovations including designer vinyl flooring, new cabinetry, and updated HVAC in select units.
Located in an unincorporated area of Los Angeles County near million-dollar residential sales, the property benefits from a high-value neighborhood context and potentially more flexible local regulations.
With over 240 days on the market and a previous price reduction, the property may carry a market stigma that requires aggressive positioning to overcome.
The total living area of 1,588 square feet is divided among three units, resulting in relatively small individual living spaces that may limit the tenant profile and maximum rental rates.
Greart triplex investment in Monrovia in (Unincorporated area of Los Angeles County) within 1/4 mile radius of well over million dollar home sales. . Front house is facing Benrud Street. has its own back yard area and it is 2 bedrooms 1 bath,this house is a separate building by itself. Back unit 203 1/2 is also a 2 bedroom 1 bath, remodeled . The garage was converted to a unit 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 vinly window, new a/c and heat pum in the living room. New water heater and new electrical panels serving all 3 units and with new conduits. Unit 203 B has new painting in all rooms, a newer stove and fridge in 2019, new tile flooring in bathroom. Potential for ADU, corner not. Please do not disturb tenants.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,588 | 2,024 | 13% |
| Lot Size | 6,048 | 7,937 | 13% |
| Price | $985.0K | $1.13M | 40% |
| Price per sq ft | $620 | $557 | 73% |
| Built year | 1951 | 1951 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 247 | 209 | 0% |
Oct 4, 2025
$985,000
$1,045,000
-6% Price Drop
Initial Listing
Aug 18, 2025
$1,045,000
Initial Listing