526 E Olive Avenue A, Monrovia, California 91016, Monrovia, 91016 - 0 bed, 0 bath
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Monrovia, California 91016
This Duplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $1,350,000—positioned well above the $1,154,681 Fair Market Value by 16%. While priced at a premium, the property features Dual Independent Residences on an expansive 12,714 sq ft lot, offering significant Development Potential. With a Condition Rating of 3, the units are move-in ready but offer room for modernization. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-generating property in a prime Old Town Monrovia location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 526 E Olive Avenue A Subject | $1,350,000* List Price | 0 | 0 | 1,601 | $721 | - |
A 244 E Lime Sold | $985,000 | 0 | 0 | 1,480 | $666 | 0.3 mi |
B 244 E Lime Sold | $985,000 | 4 | 2 | 1,480 | $666 | 0.3 mi |
C 179 N Ivy Sold | $1,260,000 | 4 | 3 | 1,874 | $672 | 0.8 mi |
D 311 W Walnut Avenue Sold | $1,550,000 | 0 | 0 | 1,742 | $890 | 0.8 mi |
E 210 N Encinitas Avenue Sold | $1,459,000 | 4 | 3 | 1,995 | $731 | 0.8 mi |
F 132 Poinsettia Avenue Sold | $1,285,000 | 0 | 0 | 2,148 | $598 | 0.6 mi |
G 113 Active | $997,000 List Price | 0 | 0 | 1,386 | $719 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1959, the property has undergone significant cosmetic renovations within the 5-15 year range. The kitchen features updated white shaker-style cabinetry and stone-look countertops, and the living areas have newer laminate flooring. The units appear well-maintained, functional, and move-in ready, although some systems like the wall heaters and popcorn ceilings remain dated.
The property features two completely separate single-level homes on one lot, each with its own garage, driveway, and independent utility meters, providing maximum privacy for tenants or multigenerational families.
Situated on an expansive 12,714 sq ft lot, this property offers rare flexibility for future expansion, additional living units, or potential redevelopment in a high-demand area.
Located just moments from vibrant Old Town Monrovia, the property offers exceptional walkability and convenience to local dining, shopping, parks, and community amenities.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1601, other record living area = 1452.
With a construction date of 1959, the property may require significant capital expenditures for modernizing systems or cosmetic updates to achieve top-market rental rates.
The list price of $1.35M for 1,601 total square feet represents a premium valuation that may challenge investors seeking immediate high-yield cash flow without further development.
Exceptional opportunity in the heart of Monrovia, just moments from vibrant Old Town, local shops, dining, parks, and the public library. Situated on an expansive 12,714 sq ft lot, this unique property features two separate single-level homes on one lot, each offering 2 bedrooms and 1 bathroom with its own private garage, driveway, laundry hookups, and separate gas, electric, and water meters—creating true independent living spaces. The oversized lot offers incredible flexibility and future potential for expansion, additional living space, or possible development opportunities (buyer to verify with city). Ideal for owner-users, multigenerational living, or investors seeking flexible income potential. Live in one home while renting the other, or maximize rental opportunities with two fully independent residences. Offering both convenience and flexibility, the property is ideally located near Old Town Monrovia, popular dining, local cafés, parks, community events, and everyday amenities. This rare property combines character, functionality, and long-term value in one of the San Gabriel Valley’s most sought-after communities.
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 | 1,601 | 1,964 | 29% |
| Lot Size | 12,714 | 6,601 | 94% |
| Price | $1.35M | $1.28M | 59% |
| Price per sq ft | $843 | $606 | 88% |
| Built year | 1959 | 1952 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 79 | 91 | 24% |
Mar 19, 2026
$1,350,000
Initial Listing