223 Montana, Monrovia, California 91016, Monrovia, 91016 - 0 bed, 0 bath
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Monrovia, California 91016
This Triplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $1,800,000—positioned above the $1,721,381 Fair Market Value by 4%. While priced slightly above market, the property features Exceptional Parking Facilities with private two-car garages for each unit and a Prime Walkable Location near transit and dining. With a Fair Condition Rating, the property offers a stable foundation for value-add improvements. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants utilizing FHA financing to enter the multi-family market.
Property is moderate renovation needed.
Built in 1952, the property is functional but dated. The kitchen features older oak cabinetry and blue laminate countertops that appear to be over 20 years old. Additionally, the presence of window AC units suggests the lack of modern central HVAC systems. While the listing mentions recent updates and includes newer stainless steel appliances, the primary finishes and systems fall into the 'Fair' category based on age and style.
Each of the three units features its own private two-car garage in addition to on-site parking, a rare and highly valuable asset for multi-family properties that significantly boosts tenant appeal.
The property is strategically priced within FHA loan limits, making it an accessible and attractive option for owner-users looking to utilize low down-payment financing for a multi-unit investment.
Ideally situated just blocks from public transportation, shopping, and dining in Monrovia, the property offers a high convenience factor that supports strong rental demand and low vacancy rates.
Originally built in 1952, the property may require more intensive long-term maintenance of core systems and infrastructure compared to modern multi-family builds.
With a list price of $1.8 million, investors must carefully analyze current market rents to ensure the capitalization rate aligns with their specific cash-flow requirements.
This lovely triplex is ideally located near public transportation, shopping, and dining, all just blocks away. Each of the three units features its own private two-car garage, along with additional on-site parking. Recent updates throughout the property make this an exceptional investment or owner-user opportunity. Priced within FHA loan limits, this property offers an attractive and affordable financing option.
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 | 3,342 | 1,995 | 82% |
| Lot Size | 11,697 | 6,601 | 94% |
| Price | $1.80M | $1.28M | 82% |
| Price per sq ft | $539 | $598 | 24% |
| Built year | 1952 | 1952 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 91 | 6% |
May 25, 2026
$1,800,000
Initial Listing