846 Oakdale Avenue, Monrovia, California 91016, Monrovia, 91016 - 3 bed, 1 bath
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Monrovia, California 91016
This property presents a High-Potential Investment Opportunity with a List Price of $995,000—positioned well above the $878,518 Fair Market Value by -13%. While the home requires modernization, its Fair Condition Rating is balanced by Central HVAC and Double-Pane Windows. The expansive 7,037 sqft lot offers significant Development Potential for an ADU, making this an ideal Value-Add Asset for Buy-and-Hold Investors or first-time buyers looking to build long-term equity through strategic renovations in a prime Monrovia location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 846 Oakdale Avenue Subject | $995,000* List Price | 3 | 1 | 1,030 | $853 | - |
A 849 Oakdale Avenue Sold | $845,250 | 3 | 1 | 1,080 | $783 | 0.0 mi |
B 231 E Walnut Sold | $875,000 | 2 | 2 | 1,204 | $727 | 0.7 mi |
C 207 Los Angeles Avenue Sold | $738,000 | 2 | 1 | 992 | $744 | 1.0 mi |
D 225 Madeline Drive Active | $890,000 List Price | 3 | 2 | 1,106 | $805 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1947, the home is functional but dated. The kitchen features oak cabinetry and tile work consistent with a 20-30 year old renovation, and the single bathroom shows aged fixtures. While the inclusion of central HVAC and double-pane windows provides good baseline systems, the interior aesthetics and original 1940s footprint require modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7037, living area = 1030.
The expansive 7,037 sqft lot and detached 2-car garage offer significant opportunities for expansion or the addition of an Accessory Dwelling Unit (ADU) to maximize property value.
The home is equipped with essential modern upgrades including central HVAC, double-pane windows, and plantation shutters, ensuring immediate comfort and energy efficiency.
The 3-bedroom layout is serviced by only one bathroom, which may be a significant drawback for modern families and could impact resale appeal.
With only 1,030 square feet of living space, the individual room sizes are likely small, which may feel restrictive for buyers seeking more spacious indoor living.
Welcome home to 846 Oakdale Ave, a charming 3-bedroom, 1-bath home in one of Monrovia’s most desirable neighborhoods. This home offers a light and bright living space on an expansive 7,000+ square foot lot, creating the perfect opportunity for a buyer to move in now and make it their own over time. Inside, you’ll find timeless features including plantation shutters, double pane windows, inside laundry, new carpet, and central HVAC for year-round comfort. The home has a fresh, clean feel with great natural light and a layout full of potential. Outside, the oversized lot features multiple mature fruit trees and provides endless possibilities for expansion, entertaining, gardening, or creating your dream outdoor space. A large detached 2-car garage and extra-long driveway offer exceptional parking, storage, and potential ADU opportunities for buyers looking to maximize the property’s value. Whether you’re a first-time buyer, investor, or someone looking for a home with room to grow, this property is an incredible canvas in a fantastic Monrovia location close to parks, dining, shopping, and everything this charming community has to offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 18% |
| Square foot | 1,030 | 1,683 | 11% |
| Lot Size | 7,037 | 7,590 | 40% |
| Price | $995.0K | $1.12M | 40% |
| Price per sq ft | $966 | $685 | 92% |
| Built year | 1947 | 1949 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 145 | 4% |
May 20, 2026
$995,000
Initial Listing