601 Hacienda, Monrovia, California 91016, Monrovia, 91016 - 4 bed, 2 bath
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Monrovia, California 91016
This property presents a High-Potential Investment Opportunity with a List Price of $929,000—positioned well below the $945,144 Fair Market Value by 1.7%. This valuation gap offers $16,144 in Instant Equity for buyers. Featuring a Fair Condition Rating (5/10), the 1949 structure requires a full renovation, yet the 7,399 sq. ft. lot provides significant development flexibility. With scenic Mountain Views and a prime location in the Monrovia Unified district, this is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking a custom renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 601 Hacienda Subject | $929,000* List Price | 4 | 2 | 1,284 | $736 | - |
A 225 Madeline Drive Sold | $865,000 | 3 | 2 | 1,106 | $782 | 0.8 mi |
B 639 Terrado Sold | $750,000 | 2 | 1 | 996 | $753 | 0.2 mi |
C 846 Oakdale Avenue Active | $955,000 List Price | 3 | 1 | 1,030 | $927 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1949, the property features a highly dated kitchen with original-style cabinetry and older finishes. The listing description explicitly suggests a full renovation or building a custom home, indicating the current structure requires a complete rehab to meet modern standards.
Situated near Old Town Monrovia, the property offers easy access to vibrant shops, dining, and scenic hiking trails in a highly desirable, tree-lined neighborhood.
The generous 7,399 sq. ft. lot provides significant flexibility for homeowners to renovate, expand the existing footprint, or build a custom dream home.
The property features beautiful views of the mountains and surrounding greenery, adding a serene aesthetic and increasing the home's long-term value.
The home is positioned as a fixer-upper, meaning buyers will need to budget for substantial upgrades or a complete remodel to modernize the 1949 structure.
With 1,284 sq. ft. spread across four bedrooms, the individual room sizes may feel small, potentially requiring a layout reconfiguration to meet modern living standards.
Unlock the potential of this charming Monrovia property, perfectly situated on a generous 7,399 sq. ft. lot. The existing home offers an incredible opportunity for homeowners to renovate, expand, or create the custom home they've always envisioned. Whether you're looking to modernize the current residence, add living space, design an outdoor oasis, or build your dream home, this spacious lot provides the flexibility to bring your vision to life. Nestled in a sought-after neighborhood known for its tree-lined streets, mountain views, and vibrant community, this property combines endless potential with an unbeatable location. Enjoy convenient access to Old Town Monrovia's shops, restaurants, parks, hiking trails, and more, while creating a home tailored to your lifestyle. Bring your imagination and make this exceptional property your own. The house is recorded with the county to have 4 bedrooms but it shows as a 2 bedroom with 2 living rooms.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,284 | 1,597.5 |
| Lot Size | 7,399 | 6,494 |
| Price | $929.0K | $1.13M |
| Price per sq ft | $724 | $692 |
| Built year | 1949 | 1957 |
| HOA | $0 | $180 |
| Days on market | 21 | 48 |
Jul 2, 2026
$929,000
Initial Listing
Jul 1, 2026
$925,000
Initial Listing