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203 Benrud Street, Monrovia, California 91016, Monrovia, 91016 - bed, bath

203 Benrud Street, Monrovia, California 91016 home-pic-0
ACTIVE$985,000
203 Benrud Street, Monrovia, California 91016
0Bed
0Bath
1,588Sqft
6,048Lot
Year Built
1951
Close
-
List price
$985K
Original List price
$1.04M
Price/Sqft
$620
HOA
-
Days on market
-
Sold On
-
MLS number
GD25185777
Home ConditionGood
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $985.0K(50th), sqft - 1588(36th), beds - undefined(50th), baths - undefined(50th).

Greart triplex investment in Monrovia in (Unincorporated area of Los Angeles County) within 1/4 mile radius of well over million dollar home sales. . Front house is facing Benrud Street. has its own back yard area and it is 2 bedrooms 1 bath,this house is a separate building by itself. Back unit 203 1/2 is also a 2 bedroom 1 bath, remodeled . The garage was converted to a unit and it is 1 bedroom 2 bath. The upstairs unit has new designer vinyl flooring, new tile kitchen cabinets, new sink and faucet and under sink piping, new painting in all the rooms. It also has new vinly window, new a/c and heat pum in the living room. New water heater and new electrical panels serving all 3 units and with new conduits. Unit 203 B has new painting in all rooms, a newer stove and fridge in 2019, new tile flooring in bathroom. Potential for ADU, corner not. Please do not disturb tenants.

Price History

Date
Event
Price
10/04/25
Price Change
$985,000-5.7%
08/18/25
Listing
$1,045,000
Condition Rating
Good
While the property was built in 1951, the MLS description highlights extensive and recent renovations across multiple units, including new electrical panels for all three units, a new water heater, new designer vinyl flooring, new tile kitchen cabinets, new sinks and faucets, new vinyl windows, and new A/C and heat pump in the upstairs unit. Unit 203 B also features newer appliances (2019) and new bathroom tile. The provided images confirm modern, clean, and recently updated bathrooms and flooring. These significant updates to major systems and interior finishes bring the property to a move-in ready condition, aligning with the 'Good' score criteria for properties extensively renovated within the last 5-15 years, despite its original build year.
Pros & Cons

Pros

Strong Investment Opportunity: This property is a triplex, explicitly marketed as a 'great triplex investment' and categorized as 'Residential Income,' offering multiple income streams for investors.
Extensive Recent Upgrades: Multiple units have undergone significant renovations, including new designer vinyl flooring, kitchen cabinets, windows, A/C, heat pump, water heater, and updated electrical panels for all three units, reducing immediate capital expenditure for a new owner.
Prime Location Potential: Located in an unincorporated area of Los Angeles County, within a 1/4 mile radius of 'well over million dollar home sales,' indicating strong neighborhood value and potential for appreciation.
ADU Conversion Potential: The property description highlights 'Potential for ADU,' offering a clear pathway for future expansion, increased rental income, or enhanced property value.
Independent Unit Structure: The front house is a separate building with its own backyard area, providing enhanced privacy and appeal for tenants, which can lead to higher tenant satisfaction and retention.

Cons

Property Age: Built in 1951, the core structure is over 70 years old. While significant upgrades have been made, the age of the underlying property may still lead to higher long-term maintenance costs or unforeseen issues in un-renovated areas.
Tenant Occupancy & Access Restrictions: The instruction 'Please do not disturb tenants' indicates that access for showings and thorough inspections may be limited, potentially complicating the due diligence process for prospective buyers.
Recent Price Reduction: The property's list price was recently reduced from $1,045,000 to $985,000. This price adjustment could suggest initial overpricing or a longer market presence, potentially raising questions for buyers regarding its true market value.

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