RealKey
‪(213) 433-7766‬

237 W Central Avenue, Monrovia, California 91016, Monrovia, 91016 - bed, bath

237 W Central Avenue, Monrovia, California 91016 home-pic-0
ACTIVE$949,500
237 W Central Avenue, Monrovia, California 91016
0Bed
0Bath
2,150Sqft
9,313Lot
Year Built
1952
Close
-
List price
$950K
Original List price
$1.05M
Price/Sqft
$442
HOA
-
Days on market
-
Sold On
-
MLS number
BB25180725
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $949.5K(50th), sqft - 2150(64th), beds - undefined(50th), baths - undefined(50th).

Discover a rare opportunity in the vibrant city of Monrovia, where tree-lined streets meet a lively mix of restaurants, coffee houses, and small-town charm. This traditional-style duplex features two separate homes on one spacious lot, making it ideal for investors or owner-occupants seeking flexibility and income potential. Each residence offers 2 bedrooms and 1 bath, thoughtfully designed for comfort and functionality. Situated on a generous 9,310 sq. ft. lot, the property presents exciting potential for future development. Both homes are separately metered for utilities, and with both tenants currently on month-to-month leases, the possibilities are wide open—whether you choose to maintain steady rental income or occupy one unit while leasing the other. Perfectly located just minutes from Old Town Monrovia, top-rated schools, shopping centers, restaurants, entertainment, and the I-210 freeway, this property combines convenience, charm, and long-term value. Whether you’re expanding your investment portfolio or looking for a home that pays for itself, this Monrovia gem offers it all.

Price History

Date
Event
Price
09/25/25
Price Change
$949,500-9.6%
08/11/25
Listing
$1,050,000
Condition Rating
Poor
Built in 1952, this duplex shows significant age and requires substantial rehabilitation. Both kitchens feature dated white cabinetry, laminate countertops, and older white/black appliances, suggesting renovations from 30-50 years ago or original components with minor cosmetic updates. Bathrooms also exhibit older tilework and fixtures. The property relies on window AC units, indicating a lack of central cooling. While the property appears functional, the pervasive outdated styles, features, and lack of modern amenities mean it requires extensive upgrades to meet current living standards and comfort, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Strong Income Potential: The property is a duplex with two separate 2-bedroom, 1-bath units, offering excellent income potential for investors or owner-occupants.
Significant Development Opportunity: Situated on a generous 9,310 sq. ft. lot, the property presents exciting potential for future expansion or redevelopment.
Prime Monrovia Location: Perfectly located minutes from Old Town Monrovia, top-rated schools, shopping, dining, entertainment, and convenient I-210 freeway access.
Flexible Occupancy & Leasing: Tenants are currently on month-to-month leases, providing immediate flexibility for owner-occupancy, rent adjustments, or redevelopment plans.
Independent Utility Metering: Both homes are separately metered for utilities, simplifying management and ensuring equitable cost distribution for tenants.

Cons

Age of Construction: Built in 1952, the property is older and may require significant updates or maintenance to meet contemporary standards and appeal.
Undisclosed Interior Condition: The description lacks details on recent renovations or the current interior condition of the units, suggesting potential for deferred maintenance or outdated finishes.
Recent Price Reduction: A notable price reduction from the original listing may indicate a previous overvaluation or challenges in attracting buyers at the initial price point.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state