855 W Walnut, Monrovia, California 91016, Monrovia, 91016 - 2 bed, 1 bath
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Monrovia, California 91016
This Multi-Unit Development Site is a strategic Value-Add Asset listed at $898,000. While the automated Fair Market Value is $737,991, the list price reflects the significant development potential of the 10,210-square-foot lot and Zoning for 5 Units. The property currently holds a Condition Rating of 6, signaling a tear-down opportunity to maximize the site's high available lot utilization. Located in the Monrovia Unified School District near Arcadia, the location commands strong rental demand. This project is ideal for Developers or Multi-Family Investors.
Property is land value only, full reconstruction required.
Built in 1941, this 804-square-foot structure is situated on a large 10,210-square-foot lot and is marketed primarily for its multi-unit development potential. The listing description and property analysis emphasize the site's value for builders and investors to construct up to five units, indicating the existing home is likely at the end of its functional life and slated for demolition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10210, living area = 804.
The expansive 10,210 square foot lot is zoned for multi-unit development, offering the rare potential to build up to five units in a high-demand area.
Situated in a highly desirable neighborhood near the Arcadia border, the property offers convenient access to top-rated schools, premium shopping, and major transportation hubs.
The current 804-square-foot home built in 1941 is likely a tear-down or requires substantial renovation, adding significant upfront costs to the project.
The potential for five units is subject to city approval and verification, requiring the buyer to navigate municipal regulations and due diligence before development can begin.
Prime Arcadia-adjacent lot spanning over 10,000 square feet, offering excellent potential for multi-unit development. The parcel should accommodate up to five units (buyer to verify with City Hall). Ideal for builders, investors, or owner-users seeking to capitalize on strong rental demand in a highly desirable area. Convenient access to shopping, dining, transportation, and top-rated schools makes this an outstanding investment opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 21% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 804 | 1,596 | 2% |
| Lot Size | 10,210 | 7,514.5 | 72% |
| Price | $898.0K | $1.07M | 24% |
| Price per sq ft | $1.1K | $676 | 99% |
| Built year | 1941 | 1949 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 147 | 2% |
Mar 19, 2026
$898,000
Initial Listing