
Monrovia, California 91016
This Dual-Home Residential Income Property is a Strong Value Opportunity, listed at $1,450,000—positioned slightly above the $1,428,443 Fair Market Value. Featuring a 2024-built ADU and a fully renovated main residence, the property maintains an Excellent Condition Rating. With individually metered utilities, a paid solar panel system, and mountain views, this asset offers significant rental income potential or multi-generational flexibility. The turnkey nature of these high-end finishes ensures immediate stability for Buy-and-Hold Investors or Owner-Occupants seeking a premium, move-in ready lifestyle in Monrovia.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 348 Shrode Subject | $1,450,000* List Price | 0 | 0 | 2,229 | $641 | - |
A 308 Jeffries Avenue Active | $1,298,888 List Price | 5 | 3 | 1,978 | $657 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a brand-new 2024 ADU and a fully renovated main residence with a new HVAC system, new windows, and a modern chef's kitchen with quartz countertops and stainless appliances. All interior finishes, including flooring and lighting, appear to be in mint, move-in-ready condition, meeting the criteria for a recent high-end renovation.
The property features two fully independent residences with separate addresses and individually metered utilities, providing an ideal turnkey opportunity for investors or multi-generational families.
Includes a brand-new 2024-built ADU with high ceilings and a fully paid solar panel system, offering significant energy efficiency and high rental income potential.
The main residence is fully updated with a new HVAC system, windows, and a chef’s kitchen with Quartz countertops, ensuring a move-in-ready experience with mountain views.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2229, other record living area = 1029.
A single 2-car garage serving two separate homes with a combined 5-6 bedrooms may lead to parking congestion for residents and guests.
At a list price of $1.45M, the property is positioned at the top of the local market, which may limit the pool of buyers sensitive to current interest rates and appraisal values.
Welcome to this wonderful and unique multi-family opportunity ideally located in the heart of Monrovia! Situated on a nearly 9,200 sq. ft. lot, this beautifully landscaped property features two fully independent homes with separate addresses and individually metered utilities (water, gas, and electricity). The fully renovated main residence (348 Shode Ave, Built 1949) offers 3 bedrooms and 2 bathrooms within a bright, open floor plan. Highlights include a custom fireplace, new wood floors, a new HVAC system, new windows, and a stunning chef’s kitchen with Quartz countertops and stainless-steel appliances that flows directly to the backyard for seamless entertaining. The detached ADU (2311 California Ave, Built 2024) offers 1,000 sq. ft. of elegant living space with 2 bedrooms and 2 full bathrooms (unit shows 3 bedrooms). It boasts its own private backyard, high ceilings, a gourmet kitchen with 42” cabinetry, and a fully paid solar panel system. A 2-car garage with large gated access on each side ensures privacy and convenience for both residences. Ideal for multi-generational living or as a premium investment, this move-in ready property is just minutes from Monrovia's best shopping and dining. Don't miss this extraordinary dual-home opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.9 |
| Baths | 0.0 | 2.1 |
| Square foot | 2,229 | 1,626 |
| Lot Size | 9,163 | 8,274 |
| Price | $1.45M | $1.16M |
| Price per sq ft | $651 | $706 |
| Built year | 2021 | 1925 |
| HOA | $0 | $0 |
| Days on market | 27 | 70 |
Aug 13, 2026
$1,450,000
Initial Listing
Oct 19, 2021
$1,325,000
Public Record
Feb 26, 2020
$535,000
Public Record