
Monrovia, California 91016
This property presents a High-Potential Investment Opportunity with a List Price of $989,000—positioned well below the $956,838 Fair Market Value by -3%. While the property requires significant capital investment due to its Condition Rating of 5, the 1920s Spanish Revival architecture and 450 sq. ft. detached studio offer immense value-add potential. Located in the Monrovia Unified district, this asset is ideal for Fix-and-Flip Investors or Contractors capable of restoring the original craftsmanship and modernizing the infrastructure of this historic compound.
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 | 1 | 1,484 | $645 | - |
A 135 El Nido Avenue Sold | $925,000 | 3 | 2 | 1,366 | $677 | 0.5 mi |
B 421 W Colorado Boulevard Sold | $875,000 | 3 | 2 | 1,136 | $770 | 0.7 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 primary bathroom is severely dated, the studio bathroom is non-functioning, and the exterior shows significant peeling paint and wood wear. With no mention of system updates, it likely requires full electrical, plumbing, and HVAC modernization.
This 1920s Spanish Revival 'time capsule' features rare original details including a Batchelder tiled fireplace, hand-wrought ironwork, and exposed wood-beam ceilings, offering immense value for restoration enthusiasts.
The property includes a 450 sq.ft. detached studio with vaulted ceilings and a brick fireplace, providing flexible space for a home office, guest retreat, or potential ADU conversion.
Situated in the desirable North Monrovia foothills near scenic trails and Old Town, the home is located within the highly-regarded Mayflower Elementary School boundary on a generous 9,155 sq.ft. lot.
Described as largely untouched with non-functioning elements like the studio bathroom, the property will require significant capital investment to modernize systems and infrastructure.
The primary residence features only one bathroom for three bedrooms, which may not meet the expectations of modern families and could impact daily functionality.
Rare North Monrovia architectural time capsule blending the romance of a 1920s Spanish Revival residence with a 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, 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 approx 450 sq. ft. with 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. Sq. ft. deemed reliable but not guaranteed. 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 | 1.0 | 3.0 |
| Square foot | 1,484 | 1,597.5 |
| Lot Size | 9,155 | 6,494 |
| Price | $989.0K | $1.13M |
| Price per sq ft | $666 | $692 |
| Built year | 1923 | 1957 |
| HOA | $0 | $180 |
| Days on market | 0 | 48 |
Jun 9, 2026
$989,000
Initial Listing