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$1,850,000
6 Beds ⋅ 7 Baths ⋅ ACTIVE Status
Exceptional turnkey residential compound in Monrovia offering 3,439 sq. ft. of living space plus multiple additional structures on an expansive approximately 11,445 sq. ft. gated lot. Extensively renovated from top to bottom, this property combines the comfort of a beautifully updated main residence with the flexibility of a newly completed detached ADU an increasingly rare opportunity for multi-generational living, extended family, guests, home offices, or additional income potential. The 2439 sq. ft. main residence features 4 bedrooms, 4 full bathrooms, plus 2 additional flexible rooms ideal for offices, gym, media room or guest space. Major improvements include updated plumbing and electrical systems, new roofing, stucco, flooring, paint, recessed lighting and a beautifully remodeled kitchen with custom cabinetry, quartz-style countertops, stainless steel appliances and a large center island. An open living and dining environment creates a bright, modern feel throughout. A major highlight is the detached approximately 1,000 sq. ft. ADU, completed in 2025, featuring 2 bedrooms, 2 bathrooms, high ceilings and a spacious contemporary living area. The ADU was designed with approximately 285 additional sq. ft. of attached covered patio area, creating an attractive opportunity for a buyer to explore incorporating additional space into the structure in the future, subject to City approval and buyer verification. The oversized property also offers a detached 2-car garage, separate laundry/storage structure with restroom, expansive gated driveway with parking for multiple vehicles, covered outdoor areas, landscaped grounds, mature trees and extensive hardscape. Fully vacant and ready for immediate occupancy. With extensive recent improvements, a nearly new ADU, multiple flexible living and work areas, and significant usable land, this is far more than a traditional single-family home, it is a versatile Monrovia property designed for the way people live today.

1213 S California Ave, Monrovia

Courtesy of Berkshire Hathaway HomeServices California Propert, Nikolai Medvedev - CA DRE#02163830

$5,695,000
29 Beds ⋅ 30 Baths ⋅ 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 Ave, Monrovia

Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo - CA DRE#01357019

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