2462 Graydon Avenue, Monrovia, California 91016, Monrovia, 91016 - 2 bed, 2 bath
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2462 Graydon Avenue
Monrovia, California 91016
ACTIVE
CONDITION: FAIR
2Beds
2Baths
798Sq Ft
7,592Lot Size
Property Price
LIST PRICE$729,888
EST. MARKET VALUE
$776,077
5% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $729,888—positioned well below the $776,078 Fair Market Value by 5%. This valuation gap offers $46,190 in Instant Equity for buyers. Featuring a Condition Rating of 4, the home includes a large 7,592 sqft lot with significant potential for expansion or ADU development. Located near Top-Rated Schools like Plymouth Elementary and Arcadia High, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project.
Estimated Market Value
$776,077+$46,189 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Monrovia.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2462 Graydon Avenue Subject | $729,888* List Price | 2 | 2 | 798 | $973 | - |
A 151 E El Norte St. Sold | $749,000 | 2 | 1 | 826 | $907 | 0.7 mi |
B 127 Shrode Pending | $828,000 List Price | 3 | 1 | 929 | $891 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1948 and shows some cosmetic updates, such as newer laminate flooring and interior paint. However, the listing notes the presence of non-permitted rooms and a garage conversion, which suggests potential dated elements or minor repairs/compliance updates needed for the systems and structure.
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 = 7592, living area = 798.
- Great Schools
High School: Arcadia High School (9/10).
- Generous Lot Size
The property features a substantial 7,592 sqft lot, providing ample space for outdoor activities, storage sheds, or the potential to build an Accessory Dwelling Unit (ADU) to increase value.
CONSRISKS & DEFICIENCIES
- Unpermitted Additions
The presence of non-permitted rooms and a garage conversion may present challenges with financing, appraisals, and future building code compliance for the buyer.
- Limited Permitted Living Space
With only 798 square feet of officially permitted living area, the interior footprint is relatively small, which may feel restrictive for those requiring more functional square footage.
About 2462 Graydon Avenue
This is a quant lovely starter house with additional non permitted rooms. It has a large rear lot with two storage sheds. The garage was converted into a family room that matches the house layout.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 7,592 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 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 • 0.3 mi
7/10
Camino Grove Elementary School
Grades K-5 • 0.8 mi
8/10
Bradoaks Elementary School
Grades K-5 • 2.1 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 798 | 1,543.214 |
| Lot Size | 7,592 | 7,202.929 |
| Price | $729.9K | $1.10M |
| Price per sq ft | $915 | $721 |
| Built year | 1948 | 1952 |
| HOA | $0 | $259 |
| Days on market | 5 | 53 |
Pricing History
Listed for Sale
Sep 4, 2026
$729,888
Initial Listing