
Monrovia, California 91016
This property presents a Strong Value Opportunity with a List Price of $934,998—positioned well below the $995,424 Fair Market Value by 6%. This valuation gap offers $60,426 in Instant Equity for buyers. Featuring a Condition Rating of 6, the home requires a full gut renovation, yet the 9,120 sqft corner lot and ADU potential provide significant upside. Located in the Monrovia Unified School District, this is a Fix-and-Flip Investor or Contractor asset.
Property is land value only, full reconstruction required.
Built in 1962 (>50 years old) with no evidence of renovation, this property is currently unlivable. The interior is 'substantially demolished' with a large hole in the ceiling exposing structural rafters, missing floor coverings throughout, and a non-functional, dated kitchen. The listing confirms the need for a total gut rehab or roof replacement, essentially selling for land and shell value.
Situated on a desirable corner lot near Old Town Monrovia and the Metro station, the property offers excellent walkability and high long-term appreciation potential.
The expansive 9,120 sqft lot and detached garage provide a significant opportunity to develop an Accessory Dwelling Unit (ADU) for added value or rental income.
The interior has been substantially demolished, saving the buyer demolition costs and providing a blank canvas to create a modern, bespoke floor plan.
The property requires a full interior build-out and major structural repairs, including the roof, necessitating a substantial capital investment and contractor expertise.
Sold in 'as-is' condition with contingencies required upfront, this listing demands significant buyer due diligence and carries higher immediate risk.
Situated on a desirable corner lot, with mountain views, 206 East Fig offers exceptional potential to renovate, redesign, create your dream home or add an open floor plan. There are two master bedroom suites with their own bathrooms. The interior has already been substantially demolished, providing a blank canvas to customize the layout with good bones, central AC/heating and master retreat patio. A detached extended garage offers excellent ADU (Accessory Dwelling Unit) potential (buyer to verify), with convenient access that may provide additional development flexibility. On the side is a carport or small RV parking area. The property requires extensive renovation, including roof repairs or replacement. Ideally located just minutes from historic Old Town Monrovia, the iconic Historic Route 66 corridor along Huntington Drive, Trader Joe's, parks, restaurants, shopping, and highly regarded Monrovia Unified School District schools. Commuters will appreciate the nearby Monrovia Metrolink and Bus Station, providing convenient rail service to Pasadena, Downtown Los Angeles, and destinations throughout the San Gabriel Valley. A rare opportunity to add value and create a custom home in one of the area's most desirable communities. Bring your contractor and imagination! Property sold "as-is". Property has 5 exits and is good for possible Residential Care Facility for the Elderly (RCFE) or other specialized residential care and group housing uses including halfway houses, adult residential facilities, and group homes. Please see 3D tour.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.3 |
| Square foot | 2,378 | 1,543.214 |
| Lot Size | 9,120 | 7,202.929 |
| Price | $900.0K | $1.10M |
| Price per sq ft | $378 | $721 |
| Built year | 1962 | 1952 |
| HOA | $0 | $259 |
| Days on market | 49 | 53 |
Aug 21, 2026
$899,998
$934,998
-4% Price Drop
Initial Listing
Jul 22, 2026
$934,998
Initial Listing
Mar 26, 2004
$447,500
Public Record
Nov 19, 2003
$310,000
Public Record
Dec 24, 1998
$210,000
Public Record