721 W Colorado, Monrovia, California 91016, Monrovia, 91016 - 2 bed, 1 bath
Loading property details...
Monrovia, California 91016
This property presents a High-Potential Investment Opportunity with a List Price of $823,000—positioned well below the $823,296 Fair Market Value by 0.04%. Featuring a Fair Condition Rating, the home requires a full interior renovation, yet offers significant upside through its Versatile Bonus Structure and Expansive 6,858 sqft Lot. With scenic Mountain Views and a detached office space, this asset is perfectly suited for Fix-and-Flip Investors or Contractors seeking to modernize a vintage 1947 residence in a prime Monrovia location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 721 W Colorado Subject | $823,000* List Price | 2 | 1 | 973 | $846 | - |
A 305 S Mayflower Avenue Sold | $918,000 | 2 | 1 | 912 | $1,007 | 0.3 mi |
B 421 W Colorado Boulevard Sold | $875,000 | 3 | 2 | 1,136 | $770 | 0.3 mi |
C 416 W Hillcrest Boulevard Sold | $910,000 | 3 | 2 | 1,084 | $839 | 0.8 mi |
D 347 Linwood Avenue Pending | $749,000 List Price | 2 | 1 | 780 | $960 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1947 (77 years old) with no mention of major renovations. Interior photos show highly dated finishes including scalloped wood cabinetry and older carpeting. The property appears to be in original or near-original condition, requiring a full rehab of the kitchen, bathroom, and likely the primary systems to meet modern standards.
The property includes a separate rear structure equipped with electricity and air conditioning, providing a ready-to-use space for a home office, studio, or guest retreat.
A generous 6,858 sqft lot features multiple covered patios, garden areas, and fruit trees, offering exceptional potential for al-fresco dining and outdoor entertaining.
Centrally located in the desirable town of Monrovia, the home boasts scenic mountain views and convenient access to local amenities.
With only 973 square feet of living space and a single bathroom, the home's interior may feel restrictive for growing families or those requiring more indoor room.
Built in 1947, the property may require modern updates to its original systems and layout to meet contemporary standards and buyer expectations.
Centrally located in the charming town of Monrovia, this 2-bedroom, 1-bathroom home offers plenty of possibilities. The home features a cozy living room with fireplace, kitchen with adjacent dining area, separate laundry room, and an attached covered patio for outdoor living. The spacious yard is ideal for entertaining, with a separate covered patio for al-fresco dining. At the rear of the property there is an additional structure with electricity and air conditioning and was previously used as a work-from-home office and can be reimagined to suit your needs. A detached garage, garden areas, and fruit trees complete the property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 973 | 1,597.5 |
| Lot Size | 6,858 | 6,494 |
| Price | $823.0K | $1.13M |
| Price per sq ft | $846 | $692 |
| Built year | 1947 | 1957 |
| HOA | $0 | $180 |
| Days on market | 15 | 48 |
Jul 7, 2026
$823,000
Initial Listing