
Monrovia, California 91016
This Quadruplex Residential Income property is a Strong Value Opportunity, listed at $1,580,000—positioned well below the $1,673,474 Fair Market Value by 5%. This valuation gap offers $93,474 in Instant Equity. With a Condition Rating of 3, the property features a Remodeled Kitchen and Central HVAC in the owner's unit. Its residential character and mountain views make it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-quality, income-producing asset with significant recent capital improvements.
Property is move-in ready.
While built in 1954, the property has undergone significant renovations within the last 12 years, including the roof, plumbing, and exterior paint. Interior images show remodeled kitchens with granite countertops and subway tile backsplashes, along with updated bathrooms and modern laminate flooring. The systems and finishes fall within the 5-15 year renovation window, making the units functional and move-in ready.
The property features a spacious three-bedroom 'owner's unit' with remodeled bathrooms and central HVAC, making it an ideal opportunity for an owner-occupant seeking significant rental offset.
Major systems including the roof, plumbing, and concrete driveway, along with exterior paint, have been updated within the last 12 years, significantly reducing immediate CAPEX requirements.
Arranged as two separate buildings with mature landscaping and private outdoor spaces, the property offers a quiet, residential atmosphere that is highly attractive to high-quality, long-term tenants.
With only three off-street parking spaces for four units and the original garages converted to storage, parking may be a challenge for units with multiple adult occupants.
Modern features like central air and in-unit laundry are not uniform across all four residences, which may result in varied rental yields and disparate tenant experiences.
Set against the foothills in Monrovia, right on the Arcadia boarder, this well-maintained and updated four-plex offers something increasingly difficult to find: an income property that feels genuinely residential. Built in 1954 and comprising approximately 3,120 square feet, the property is arranged as two separate buildings with two residences in each, surrounded by mature landscaping, garden paths, private outdoor spaces, and mountain views. The two front residences are bright and comfortable, each a one-bedroom, one-bath unit offering an inviting living room, spacious kitchen, generous bedroom, and updated bath. Tucked behind them, the rear building offers two larger residences with distinctly different personalities. The lower unit features a spacious living room, in-unit laundry, and a beautifully remodeled kitchen with recessed lighting, granite countertops, and a breakfast nook. An oversized glass door opens to a private deck and patio. Upstairs, the original 'owner's unit' is a three-bedroom, two-bath residence offers generous living and dining spaces, remodeled bathrooms, an updated kitchen, central heat and air, and views toward the surrounding foothills. Throughout the property, mature hedges, flowering drought-tolerant landscaping, and thoughtfully defined outdoor spaces create privacy and a welcome sense of calm. The three original one-car garages have been converted into storage lockers so that each unit has a dedicated storage space and 3 of the 4 units have an off-street parking space. Lovingly cared for and improved over the years, the property also benefits from significant updates including the roof, plumbing, concrete driveway, exterior paint, storage, and landscaping all updated within the last 12 years. Whether held as a long-term investment or envisioned as an owner-occupied property with additional income, this is a rare opportunity to own a four-unit property with the warmth and character of a place people are proud to call home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,120 | 2,540 |
| Lot Size | 6,379 | 14,461 |
| Price | $1.58M | $1.19M |
| Price per sq ft | $506 | $599 |
| Built year | 1954 | 1947 |
| HOA | $0 | $0 |
| Days on market | 13 | 46 |
Jul 9, 2026
$1,580,000
Initial Listing
Jun 22, 2015
$975,000
Public Record
Jan 25, 2001
$295,000
Public Record