824 Ocean View Avenue, Monrovia, California 91016, Monrovia, 91016 - 4 bed, 3 bath
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Monrovia, California 91016
This Turnkey Single Family Residence is a High-Potential Investment Opportunity, listed at $1,828,000—positioned well below the $1,887,893 Fair Market Value by 3%. This valuation gap offers $59,893 in Instant Equity. Featuring a dual-primary suite layout and Mint Condition Rating, the home provides immediate lifestyle value. The 9,004 SF lot and 3-car garage offer significant ADU conversion potential. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, move-in ready home with mountain views.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 824 Ocean View Avenue Subject | $1,770,000* List Price | 4 | 3 | 3,279 | $557 | - |
A 257 Aspen Sold | $1,325,000 | 5 | 2 | 2,246 | $590 | 0.5 mi |
B 264 Norumbega Active | $1,649,000 List Price | 3 | 3 | 2,681 | $615 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 2005, the property has undergone a comprehensive refresh within the last 5 years. Upgrades include new engineered wood flooring, new quartz countertops, new kitchen appliances, and fresh interior paint. With a maintained roof and modern interior finishes, the home is in mint, move-in ready condition.
The home features a rare dual-primary suite layout, including a highly desirable main-level suite, making it ideal for multigenerational living, aging in place, or hosting long-term guests.
Extensive recent improvements including new engineered wood flooring, quartz countertops, and updated appliances ensure a move-in-ready experience with reduced immediate capital expenditure.
The 3-car garage and generous 9,004 SF lot offer a prime opportunity for an ADU conversion, providing a clear path to increase property value or generate rental income.
With a list price exceeding $1.8M, the property is positioned at the high end of the local market, which may limit the pool of eligible buyers and face stricter appraisal scrutiny.
While offering scenic views, the foothill location often results in higher fire insurance premiums and requires ongoing maintenance associated with the proximity to mountain terrain.
Welcome to 824 Ocean View Avenue, a beautifully refreshed residence nestled in the scenic foothills of Monrovia, offering breathtaking mountain views, exceptional living space, and a highly desirable location. Situated on over 9,000 SF lot, this elegant two-story home combines timeless architecture with modern upgrades, creating the perfect blend of comfort, functionality, and style. Built in 2005, this spacious home features approximately 3,279 square feet of living space with 4 bedrooms, 3.5 bathrooms, a dedicated home office, and two primary suites, including a highly desirable main-level primary suite and a second primary bedroom upstairs. The thoughtful floor plan is ideal for multigenerational living, extended guests, or those seeking additional privacy and flexibility. The attractive exterior showcases excellent curb appeal, mature landscaping, and a welcoming front entrance. Inside, soaring ceilings, abundant natural light, and expansive living spaces create a warm and inviting atmosphere. Large windows throughout the home frame beautiful mountain views while enhancing the bright, open feel. Recent upgrades include fresh interior paint, new engineered wood flooring throughout, new quartz countertops, new kitchen appliances, new recessed lighting, stylish LED vanity mirrors, and brand-new window blinds etc.. The roof has also been repaired and maintained, providing added peace of mind for future ownership. The spacious kitchen opens seamlessly to the family room, creating the perfect setting for everyday living and entertaining. Upstairs features a generously sized secondary primary suite, two additional bedrooms, and well-appointed bathrooms, offering comfortable accommodations for family members and guests alike. Step outside to enjoy a private backyard with ample space for outdoor dining, relaxation, gardening, or future customization. It is possible to convert the 3-car garage to an ADU to increase the property value and income. Conveniently located near Old Town Monrovia, parks, hiking trails, shopping, dining, and Metro access, this home offers the perfect balance of peaceful foothill living and urban convenience. Move-in ready and thoughtfully updated, this rare Monrovia gem combines breathtaking mountain views, a versatile dual-primary-suite floor plan, and modern upgrades 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 |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 3,279 | 1,597.5 |
| Lot Size | 9,004 | 6,494 |
| Price | $1.77M | $1.13M |
| Price per sq ft | $540 | $692 |
| Built year | 2005 | 1957 |
| HOA | $0 | $180 |
| Days on market | 26 | 48 |
Jul 16, 2026
$1,770,000
$1,828,000
-3% Price Drop
Initial Listing
Jun 26, 2026
$1,828,000
Initial Listing
Jun 24, 2014
$1,088,000
Public Record
Mar 21, 2005
$905,000
Public Record
May 13, 2003
$335,000
Public Record