924 W Colorado Boulevard, Monrovia, California 91016, Monrovia, 91016 - 4 bed, 3 bath
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Monrovia, California 91016
This Renovated Income-Generating Duplex is listed at $1,038,000, offering a stable acquisition opportunity near its $972,057 Fair Market Value. The property features a Condition Rating of 2 following extensive upgrades, including a vacant 3-bedroom front unit with quartz countertops and a private patio. With a secondary tenant-occupied unit and a spacious 8,637 sqft lot, the asset provides immediate cash flow. Recent area sales closing above list price reflect high demand within the Monrovia Unified School District. This is an ideal "house-hack" for Owner-Occupants or Buy-and-Hold Investors seeking a turnkey, dual-income property.
Property is new construction or fully renovated.
Although built in 1954, the property has undergone an extensive recent renovation within the last 5 years. The interior features modern upgrades including a kitchen with white shaker cabinets, quartz countertops, subway tile backsplash, and stainless steel appliances. The bathrooms are fully updated with contemporary vanities and custom tile work. Throughout the home, there is new laminate flooring, recessed lighting, and updated fixtures, presenting the property in move-in ready condition with no apparent deferred maintenance.
Featuring two separate homes on a large lot with a vacant 3-bedroom front unit, this property offers immediate rental income or a perfect 'house-hack' opportunity for owner-occupants.
Situated in a distinguished school district just one block from Monrovia High School and near the Arcadia border, the property boasts high desirability and proximity to major amenities.
The presence of separate electric and gas meters for both units simplifies property management and reduces overhead costs for the owner.
The back unit is currently tenant-occupied, which may limit immediate flexibility for renovations or full possession of the property at closing.
Built in 1954, the property may require capital improvements or modernization of major systems to meet contemporary standards and maximize long-term value.
Duplex, Duplex, Duplex.This DUPLEX is located in the prime location of Monrovia! This property features two separate homes on a spacious 8,637 sqft lot, perfect for investors or potential owner-occupants. Live in one and rent the other! The front unit is vacant. It is 1,185 sqft, features 3 bedrooms, 2 bathrooms and detached 2 car-garage. The back unit is tenant occupied. It is 520 sqft, features 1 bedrooms and 1 bathroom. Two electric meters. Two gas meters. The backyard are lined with fruit trees and greenery, creating a warm and welcoming curb appeal. Located in the distinguished school district. Just one block from Monrovia High School. Near the border of the City of Arcadia. Nearby amenities include supermarkets, shopping mall, restaurants, this property offers everything you need for comfortable living. Don't miss out on the opportunity to own this stunning property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 0.0 | 53% |
| Baths | 3.0 | 0.0 | 73% |
| Square foot | 1,705 | 2,024 | 13% |
| Lot Size | 8,637 | 8,000 | 60% |
| Price | $1.04M | $1.13M | 47% |
| Price per sq ft | $609 | $557 | 73% |
| Built year | 1954 | 1952 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 85 | 188 | 27% |
Feb 26, 2026
$1,038,000
$998,000
+4% Price Increase
Initial Listing
Jan 27, 2026
$998,000
Initial Listing
May 2, 2024
$810,000
Public Record
Mar 5, 2024
$650,000
Public Record