
Monrovia, California 91016
This Strategic Residential Income Asset is listed at $799,000, positioned near its $772,847 Fair Market Value. The property maintains a Condition Rating of 3, benefiting from essential recent capital upgrades including a new roof (2021) and new water heaters (2023). Situated on a 5,982 sq ft lot just moments from Old Town Monrovia, the site offers significant Value-Add Potential through interior modernization and ADU expansion. This versatile duplex provides immediate rental income and long-term appreciation, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 520 W Lemon Subject | $799,000* List Price | 0 | 0 | 1,075 | $719 | - |
A 244 E Lime Pending | $980,000 List Price | 4 | 2 | 1,480 | $662 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1941, the property has been well-maintained with critical system updates including a new roof (2021), water heaters (2023), and recent HVAC improvements. The interior features newer flooring and fresh paint, making it move-in ready, though the kitchen remains dated with older tile countertops and cabinetry.
Situated just moments from Old Town Monrovia's vibrant dining and shopping district, ensuring high tenant demand and long-term desirability.
Significant recent improvements including a new roof (2021) and new water heaters (2023) provide peace of mind and reduced immediate maintenance expenses for investors.
The spacious 5,982 sq ft lot offers the potential to add an ADU, while the opportunity to renovate one unit allows for future rental upside.
With both units configured as 1-bedroom, 1-bathroom layouts totaling only 1,075 square feet, the property may appeal to a narrower segment of the rental market.
One unit requires further updating to match the more recently improved unit, necessitating additional capital investment to maximize income potential.
Charming duplex opportunity in a highly desirable Monrovia neighborhood, just moments from the shops, dining, and vibrant atmosphere of Old Town. Situated on a 5,982 sq ft lot, this property features two mirror-image units, each offering 1 bedroom and 1 bathroom - an excellent opportunity for investors or future owner-users. The units offer functional layouts, with one unit benefiting from more recent improvements while the other provides an opportunity for a new owner to further update and add value over time. Notable upgrades include a new roof installed in 2021, both water heaters replaced in 2023, a new garage door installed in 2026 on one of the garages, a new window AC unit added in the back unit in 2025, and a direct vent heater installed in that same unit in 2021. Each unit includes its own dedicated garage space, providing convenient parking and additional storage. Both units are currently tenant-occupied, offering immediate rental income. The property also features a shared laundry room equipped with a washer and dryer for tenant use. The spacious lot presents potential for future expansion, including the possibility of adding an ADU (buyer to verify with the City of Monrovia). A versatile property in a prime location with long-term upside potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,075 | 2,024 | 7% |
| Lot Size | 5,982 | 7,937 | 13% |
| Price | $799.0K | $1.13M | 27% |
| Price per sq ft | $743 | $557 | 80% |
| Built year | 1941 | 1946 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 188 | 7% |
Apr 20, 2026
$799,000
Initial Listing
Aug 4, 2017
$550,000
Public Record
Apr 8, 2004
$401,000
Public Record