863 W Olive Avenue, Monrovia, California 91016, Monrovia, 91016 - bed, bath

863 W Olive Avenue, Monrovia, California 91016 home-pic-0
ACTIVE$2,098,000
863 W Olive Avenue, Monrovia, California 91016
0Bed
0Bath
3,640Sqft
8,356Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Investment Opportunity: Triplex in prime North Monrovia location offers a strong investment opportunity with all units currently occupied.
Top Cons:
Square Footage Discrepancy: Conflicting square footage information between tax records and builder's records requires buyer due diligence.

Compared to the nearby listings

Price:$2.10M vs avg $976.0K (+$1,122,000)93%
Size:3,640 sqft vs avg 2,039.5 sqft93%
Price/sqft:$576 vs avg $56450%

More Insights

Built in 2013 (12 years old).
Condition: The property consists of a renovated front house (originally built in 1946, renovated in 2012-2013) and two newer townhomes (built in 2012-2013). The kitchens feature granite countertops and built-in appliances. The description indicates that the units are well-maintained and have newer A/C systems. While the front house has an older foundation, the extensive renovation brings the overall condition to 'Good,' as it's move-in ready with no immediate major renovations required.
Year Built
2013
Close
-
List price
$2.1M
Original List price
$2.1M
Price/Sqft
$576
HOA
-
Days on market
-
Sold On
-
MLS number
P1-20422
Home ConditionGood
Features
Patio
View-

About this home

Exceptional Investment Opportunity in Prime North Monrovia. Built & remodeled in 2012-2013, this impressive Triplex with 8 bedrooms/7 bathrooms is ideally situated N. of Huntington Dr & S. of Foothill Blvd., w/ convenient proximity to Arcadia & easy access to freeways, shopping areas & restaurants.The front single-level detached home originally built in 1946, underwent a complete renovation during 2012-2013, including the addition of a newly constructed two-car attached garage in 2013. The charming home offers open floor plan, two spacious bedrooms, a full bath, a generously sized kitchen with built-in appliances, granite countertops, and a breakfast bar. Additional highlights include a private yard, direct access to the spacious two-car attached garage, and a designated laundry area and newer A/C system Rear of the property, behind the main house are two attached, two-story townhomes, each about 1268 Sq ft, constructed around 2012-2013. Each unit features a private gated entry, a secluded approx. 475 Sq. ft back yard and covered patio, and a two-car attached garage, and a laundry closet on 2nd floor. These townhomes offer three spacious bedrooms, including primary bedroom with high ceilings, 2.5 bathrooms, and modern kitchens equipped with built-in appliances, granite countertops, and central air conditioning.All units are currently occupied. The common areas and driveways are well-maintained, and each unit has its own separate utility meters. Tax record indicates year built 1947, total square footage 3640 Sq ft. Builder's record is 3355 Sq ft. Buyers to conduct their own due diligence/ inspections and investigation about the square footage, measurements of each unit, year built and effective date, zoning, lot size, suitability, easements, income/expense, general condition, and all other aspects of the property and verify all the information and satisfy themselves. Front house fireplace is non-functional/faux. Drive By only. Please do not enter or walk on the premises. offers subject to inspection.

Condition Rating
Good

The property consists of a renovated front house (originally built in 1946, renovated in 2012-2013) and two newer townhomes (built in 2012-2013). The kitchens feature granite countertops and built-in appliances. The description indicates that the units are well-maintained and have newer A/C systems. While the front house has an older foundation, the extensive renovation brings the overall condition to 'Good,' as it's move-in ready with no immediate major renovations required.
Pros & Cons

Pros

Investment Opportunity: Triplex in prime North Monrovia location offers a strong investment opportunity with all units currently occupied.
Modern Construction: Two townhomes constructed in 2012-2013 feature modern amenities, including granite countertops, built-in appliances, and central air conditioning.
Desirable Location: Conveniently located near Arcadia, freeways, shopping, and restaurants, enhancing tenant appeal.

Cons

Square Footage Discrepancy: Conflicting square footage information between tax records and builder's records requires buyer due diligence.
Limited Access: Property is drive-by only, limiting thorough inspection prior to offer submission.

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