
Monrovia, California 91016
This property presents a High-Potential Investment Opportunity with a List Price of $989,000—positioned well below the $1,035,113 Fair Market Value by 4%. This valuation gap offers $46,113 in Instant Equity for buyers prepared to address the Condition Rating of 5. Featuring Authentic Spanish Revival Architecture and a Versatile Detached Studio on a large 9,155 sq. ft. lot, the asset requires significant modernization. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a restoration project in North Monrovia.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 234 N Magnolia Subject | $989,000* List Price | 3 | 2 | 1,934 | $535 | - |
A 504 Mesa Circle Sold | $999,999 | 3 | 2 | 1,614 | $620 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1923 and described as a 'largely untouched' time capsule, this property requires a total rehab. The listing confirms non-functioning bathroom fixtures, original 100-year-old architectural elements with significant deferred maintenance, and the need for complete system updates (HVAC/Electric/Plumbing).
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9155, living area = 1934.
This 1920s 'time capsule' features rare original details including a Batchelder fireplace, red clay tile roof, and handcrafted ironwork, offering immense value for restoration enthusiasts.
The 450 sq. ft. detached studio with vaulted wood-beam ceilings and a brick fireplace provides flexible potential for an ADU, home office, or guest retreat.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1934, other record living area = 1484.
The property is sold strictly as-is with no seller repairs or credits, and includes known issues such as a non-functioning bathroom in the detached studio.
As a largely untouched 1923 residence, the home will require significant capital investment to update vintage infrastructure and systems to modern standards.
Rare North Monrovia architectural time capsule blending the romance of a 1920s Spanish Revival 1,484 Sq. ft. residence with a 450 Sq. ft. detached studio house inspired by California's indoor-outdoor lifestyle tradition. Set near historic landmarks, scenic foothill trails, wilderness preserve areas, and Old Town Monrovia, this largely untouched property offers a rare opportunity to restore and preserve a timeless architectural gem rich with original character and craftsmanship. Classic details include a red clay tile roof, covered corridor with exposed wood-beam ceilings, graceful arches, handcrafted moldings, decorative attic vents, textured plaster walls, "Old Growth" Redwood hardwood flooring, handcrafted light fixtures, authentic hand-wrought ironwork, and an arched wooden front door with wrought iron detailing and original mail slot. A Batchelder fireplace serves as a stunning focal point reflecting the artistry of its era. Mature olive and avocado trees, lush landscaping, shaded walkways, and a private courtyard create a peaceful old California compound atmosphere between the primary residence, detached outdoor living studio, and garage. The detached studio offers vaulted wood-beam ceilings, expansive windows, rustic wood-paneled walls, a dramatic brick fireplace, and vintage wood-burning grill with ventilation hood. Flexible potential for studio, office, gym, lounge, workshop, game room, or guest retreat. Studio house includes a currently non-functioning bathroom vintage sink and toilet. The primary residence offers 3 bedrooms and 1 bathroom. Desirable features include an eat-in kitchen, as well as an easy-access basement. A detached two-car garage with built-in workbench provides additional parking, storage, and workshop space. Convenient access to Los Angeles and neighboring communities including Sierra Madre, Pasadena, and Arcadia. Monrovia is recognized as a two-time All-America City Award recipient known for its strong sense of community and historic charm. A rare opportunity for a buyer who appreciates restoration, original architectural integrity, timeless craftsmanship, and the enduring character of an authentic Spanish Revival home. Buyer to independently verify all permits, sq. ft., property details, use, and school enrollment. Property being sold strictly "As-Is". Seller will make no repairs and offer no credits or concessions in lieu of repairs. This listing price already reflects current property conditions.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,934 | 1,543.214 |
| Lot Size | 9,155 | 7,202.929 |
| Price | $989.0K | $1.10M |
| Price per sq ft | $511 | $721 |
| Built year | 1923 | 1952 |
| HOA | $0 | $259 |
| Days on market | 6 | 53 |
Sep 3, 2026
$989,000
Initial Listing