2346 1/2 Fairgreen Avenue, Monrovia, California 91016, Monrovia, 91016 - 6 bed, 3 bath
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2346 1/2 Fairgreen Avenue
Monrovia, California 91016
ACTIVE
CONDITION: GOOD
6Beds
3Baths
1,850Sq Ft
12,250Lot Size
Property Price
LIST PRICE$1,790,000
EST. MARKET VALUE
$1,516,702
18% AboveMARKET VALUE
SUMMARY
This Income-Producing Property represents a High-Potential Investment Opportunity, listed at $1,790,000—positioned above the $1,516,703 Fair Market Value. Featuring a 2020-built ADU and a 2020 main house addition, the property maintains a Condition Rating of 3, offering modern efficiency with Solar Panels and separate utility meters. With 10 bedrooms across a 12,250 sq. ft. lot and proximity to top-rated schools like Arcadia High, this asset is a turnkey powerhouse. It is an ideal acquisition for Buy-and-Hold Investors or extended families seeking multi-generational living solutions.
Estimated Market Value
$1,516,702
Based on Realkey algorithm analyzing recent comparable sales in Monrovia.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property features a significant 2020 addition to the main house and a completely new ADU built in 2020, placing a large portion of the living space within the <5-year renovation window. The inclusion of solar panels and separate utility meters indicates modernized systems. While the original 1947 structure is older, the recent major updates and 'well-maintained' status make it move-in ready, though the unkempt exterior landscaping prevents an 'Excellent' rating.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12250, living area = 1850.
- Great Schools
High School: Arcadia High School (9/10).
- Exceptional Income Potential
With two separate residences totaling 10 bedrooms and 5 bathrooms, plus separate meters for gas, water, and electricity, this property is a turnkey powerhouse for rental income or multi-generational living.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12250, other record lot size in square feet = 11945. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1850, other record living area = 1580. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 3.
- High Occupancy Density
The high bedroom-to-square-footage ratio (10 bedrooms in 3,050 total sq. ft.) may result in smaller individual room sizes and a crowded feel when at full capacity.
- Niche Investor Appeal
The unique dual-residence configuration and $1.79M price point target a specific investor or large-family demographic, which may limit the pool of traditional single-family buyers.
About 2346 1/2 Fairgreen Avenue
Income-Producing Property with Two Separate Residences in Monrovia! This property features two well-maintained homes on a 12,250 sq. ft. lot. The main residence offers 6 bedrooms, 3 bathrooms, and 1,850 sq. ft., and was built in 1947. The add-on was made in 2020. The separate ADU, built in 2020, offers 4 bedrooms, 2 bathrooms, and 1,200sq. ft. Separate gas, water, and electric meters, Solar Panels. The combined 10 bedrooms and 5 bathrooms can generate strong monthly rental income. This property is an excellent opportunity for investors, extended families, or buyers seeking income potentials in Monrovia.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 12,250 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Monrovia Unified Schools
Plymouth Elementary School
Grades K-5 • 0.4 mi
7/10
Camino Grove Elementary School
Grades K-5 • 0.6 mi
8/10
Wild Rose Elementary School
Grades K-5 • 2.1 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 3.0 | 2.3 |
| Square foot | 1,850 | 1,543.214 |
| Lot Size | 12,250 | 7,202.929 |
| Price | $1.79M | $1.10M |
| Price per sq ft | $968 | $721 |
| Built year | 1947 | 1952 |
| HOA | $0 | $259 |
| Days on market | 8 | 53 |
Pricing History
Listed for Sale
Sep 1, 2026
$1,790,000
Initial Listing
Sold
May 6, 2019
$680,000
Public Record
Sold
Mar 4, 2005
$521,000
Public Record