408 Meadow Lane, Monrovia, California 91016, Monrovia, 91016 - 5 bed, 4 bath
408 Meadow Lane
Monrovia, California 91016
Property Price
SUMMARY
Analysis of 408 Meadow Lane, Monrovia, California 91016 reveals a Prime Investment Opportunity with a current list price of $2,299,000—significantly undercutting the $2,387,384 Fair Market Value by 3%. This valuation gap indicates a +$88,384 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Monrovia Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 408 Meadow Lane Subject | $2,299,000* List Price | 5 | 4 | 4,017 | $594 | - |
A 719 Ridgeside Sold | $2,100,000 | 4 | 4 | 4,775 | $440 | 0.9 mi |
B 425 N Canyon Active | $1,900,000 List Price | 6 | 4 | 3,680 | $516 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features significant recent updates including new lighting, fresh interior paint, and partially updated flooring. It includes modern amenities such as a fully paid solar energy system, multiple A/C condensers, and a detached ADU. While the structure dates to 1966, the overall maintenance and cosmetic renovations to the kitchen and living spaces meet the criteria for a well-maintained, updated home.
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 = 27668, living area = 4017.
- Detached ADU & Versatility
The property features a separate 1-bedroom, 1-bathroom detached ADU, providing excellent potential for rental income, guest accommodations, or multi-generational living.
- Expansive Lot & Outdoor Amenities
Situated on over half an acre in a quiet cul-de-sac, the estate offers a private retreat with a swimming pool, lush gardens, and scenic mountain views.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1966, the property may still possess original plumbing or electrical components that require further inspection or modernization beyond the recent cosmetic updates.
- High Maintenance Requirements
The substantial 4,017-square-foot living space and expansive grounds necessitate significant ongoing maintenance and higher utility costs for the pool and landscaping.
About 408 Meadow Lane
Welcome to 408 Meadow Lane, Monrovia — a rare opportunity to own a beautifully updated estate on a quiet cul-de-sac in one of Monrovia’s most sought-after neighborhoods. Situated on over half an acre, this impressive property offers a spacious 5-bedroom, 4-bathroom main residence plus a detached 1-bedroom, 1-bath ADU — perfect for extended family, guests, or rental income potential. The main home features a versatile recreation room, two cozy fireplaces, and a thoughtfully designed layout ideal for both everyday living and entertaining. Recent renovations include new lighting, fresh interior paint, and partially updated flooring, creating a bright and modern feel throughout. Step outside to your private backyard retreat complete with a sparkling swimming pool, lush garden, and expansive outdoor space with endless possibilities. The U-shaped driveway enhances curb appeal while offering ample parking. Additional highlights include a fully paid solar energy system, multiple A/C condensers for enhanced comfort, and a dedicated laundry room. This exceptional property combines space, functionality, and location — all in a peaceful cul-de-sac setting within desirable Monrovia
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1966
- Lot Size
- 27,668 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 91% |
| Baths | 4.0 | 2.0 | 87% |
| Square foot | 4,017 | 1,519 | 95% |
| Lot Size | 27,668 | 7,422.5 | 94% |
| Price | $2.30M | $1.05M | 95% |
| Price per sq ft | $572 | $697 | 20% |
| Built year | 1966 | 1949 | 76% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 157 | 2% |
Pricing History
Listed for Sale
Feb 24, 2026
$2,299,000
Initial Listing