Monrovia Real Estate

Monrovia, Real Estate For Sale

$5,695,000
29 Beds 30 Baths 25625357 MLS Active Status
Spanning four separate buildings, 137 and 147 N Myrtle Avenue, along with 146 and 148 Stedman Place, the property covers three separate parcels totaling a large 32,485 square foot, block-to-block area of land. Because the City of Monrovia does not have its own restrictive local rent control, the property benefits from higher allowable rent increases under California's statewide AB 1482. This may help a new owner to recapture the approximately 26% in rent upside more rapidly, leading to a more dramatic increase in future cash flow. Monrovia is also not subject to the expensive Measure ULA taxes that burden nearby Los Angeles, allowing investors to keep substantially more profits from building ownership. The buildings feature an excellent unit mix with mostly two-bedroom apartments throughout. Most of these units have already been upgraded to include varying combinations of remodeled bathrooms, updated kitchen appliances, new wood flooring, and, in select units, upgraded electrical panels and in-unit washer/dryers. The location grants tenants the convenience and walkability of more urban neighborhoods, as confirmed by its "Walker's Paradise" designation with a Walk Score of 92, along with the calm and comfort of a more suburban town. This is due largely to the property's location near the sought-after Old Town Monrovia business district, which runs along Myrtle Avenue just one block south of the property.

137 N Myrtle Avenue, Monrovia

$685,000
PW26002606 MLS Active Status
CALLING ALL DEVELOPERS AND AMBITIOUS HOMEOWNERS- This property comes with fully approved set of plans with paid-for building permits by the seller already. Break ground immediately! The approved plans feature a stunning 2,378 sq. ft. two-story home with 4 bedrooms and 3.5 bathrooms, including a convenient mother-in-law suite with a full bath on the ground floor. Designed for modern comfort and functionality, this home will be a perfect retreat in an unbeatable location. Being a flat lot with standard foundation plans (no need for caissons), this is a straightforward construction project in a highly desirable neighborhood with limited availability. Nestled in a private cul-de-sac-style turnabout, this lot gives ultimate tranquility with only two other homes in the immediate vicinity. Surrounded by nature, enjoy regular sightings of deer and easy access to Monrovia Canyon Park, a favorite destination for hiking enthusiasts. The location strikes the perfect balance —a peaceful, secluded feel while remaining just minutes from Pasadena’s vibrant shopping and dining scene, and a 10-15 minute drive to The Shops at Santa Anita in Arcadia. Added plus: a new home currently under construction next door is set to boost property values in the area. Essential utilities (sewage/water/electric) are conveniently located at the street. Don’t miss out on this exceptional chance to build in one of Monrovia’s most sought- after communities. Contact us today for more details.

976 Ridgeside, Monrovia

$174,900
2 Beds 1 Baths CV26032192 MLS Active Status
Welcome to this beautifully constructed, newer manufactured home located in Walnut Grove Mobile Home Park. This thoughtfully designed 2-bedroom, 1-bath residence offers approximately 746 square feet of modern living space with an efficient and open layout. The interior features high ceilings, recessed lighting, and durable laminate flooring throughout the main living areas. The bright living room flows seamlessly into the kitchen, creating an open-concept feel that is ideal for everyday living. The kitchen is equipped with quartz-style countertops, shaker cabinetry in a contemporary Clover finish, a subway tile backsplash, and stainless steel appliances, including a gas range, dishwasher, and refrigerator, along with a deep farmhouse-style sink. Both bedrooms are comfortably sized and positioned toward the rear of the home for added privacy. The bathroom features a full tub/shower combination with modern fixtures, a spacious vanity, and ample storage space. Indoor laundry hookups are conveniently located within the home. Additional features include dual-pane windows, energy-efficient construction, central heating, and modern finishes throughout the property. Outside, the home offers a covered entry, private driveway parking, and low-maintenance landscaping. Walnut Grove Mobile Home Park is conveniently situated near shopping, dining, schools, and major commuter routes, providing accessibility while maintaining a neighborhood atmosphere. This home presents an excellent opportunity for affordable homeownership, along with the benefits of a newly built residence.

2548 Peck Road Unit 39, Monrovia

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.