239 W Palm, Monrovia, California 91016, Monrovia, 91016 - 6 bed, 3 bath

239 W Palm, Monrovia, California 91016 home-pic-0
ACTIVE$1,748,000
239 W Palm, Monrovia, California 91016
6Beds
3Baths
2,477Sqft
11,703Lot
Year Built
1922
Close
-
List price
$1.75M
Original List price
$1.75M
Price/Sqft
$706
HOA
-
Days on market
-
Sold On
-
MLS number
AR25244561
Home ConditionGood
Features
Patio
ViewCourtyard, Neighborhood, Trees/Woods

About this home

Possibly Over-Priced:The estimated price is 8% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.75M(91th), sqft - 2477(88th), beds - 6(98th), baths - 3(67th).

A beautiful tri-plex with a Huge lot. Perfect for owner occupied and a great investment. Only one unit is tenant occupied. There is so much potential for this property. Two subtantial living spaces with an attached one bedroom studio. Each unit has a private grassy yard or a private patio. Front unit has great open and bright floorplan with spacious 2 bedrooms and one remodeled bathroom, large living area and dining area with wonderful natural light throughout the day, separated family room off of remodeled kitchen with breakfast bar. Laundry room/pantry. Front unit has a carriage house style garage with a private enclosed driveway that could also be a wonderful patio for entertaining. The studio unit is attached to the front unit and is accessed from the other side of the structure. This unit features a concrete porch overlooking the gorgeous yard, living area, small kitchen and a bedroom with sliders to the patio. The detached unit in the back is completely enclosed with a private yard and a detached double garage and a parking space accessed through the alley in the back. This unit has 2 separate entries with a great living area with fireplace, large kitchen with eating area and 2 bedrooms and a bathroom. This units yard area is fully enclosed with a spacious side yard and a private backyard and is perfect for kids and/or pets. Other highlights of this property include updated electrical, newer roof, newer landscaping, Central air conditioning and heating, newly painted interiors and exteriors on all structures. Aside from all the wonderful charm and character this property has it is just one block from Old Town Monrovia. Just around the corner from a beautiful park, fitness center, great restaurants, fantastic shopping, movie theater and coffee shops and easy access to freeways.

Price History

Date
Event
Price
10/23/25
Listing
$1,748,000
Condition Rating
Good

Despite being built in 1922, this tri-plex has undergone significant and recent renovations that elevate its condition. The listing explicitly states 'updated electrical, newer roof, newer landscaping, Central air conditioning and heating, newly painted interiors and exteriors on all structures,' indicating major system and cosmetic upgrades. The images confirm that at least the front unit features a remodeled kitchen with modern white shaker cabinets, quartz countertops, stainless steel appliances, and a remodeled bathroom with contemporary fixtures and tiling. While some other units may show varying levels of modernization, the overall property is move-in ready, well-maintained, and its major systems are functional and updated, aligning with the 'Good' condition criteria for a property extensively renovated within the last 5-15 years.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11703, living area = 2477.
Income Potential & Owner-Occupancy: As a tri-plex with only one unit currently tenant-occupied, this property offers immediate income generation from two vacant units, alongside the flexibility for an owner to reside in one unit while collecting rental income.
Extensive Recent Updates: The property benefits from significant recent upgrades including updated electrical, a newer roof, new landscaping, central air conditioning and heating, and newly painted interiors and exteriors across all structures, reducing immediate capital expenditures for a buyer.
Prime Walkable Location: Situated just one block from Old Town Monrovia, residents enjoy exceptional walkability to a vibrant array of amenities including parks, a fitness center, diverse restaurants, shopping, a movie theater, and coffee shops, with convenient freeway access.
Versatile Units with Private Outdoor Spaces: Each of the three distinct units offers private outdoor areas such as grassy yards, patios, or enclosed spaces, enhancing livability and tenant appeal, with the front unit featuring a unique carriage house style garage/patio.
Large Lot & Historic Charm: The property boasts a substantial 11,703 sqft lot, a rare asset for a multi-unit property in this area, combined with the inherent charm and character of its 1922 construction.

Cons

Age-Related Maintenance: Despite extensive updates, the property's 1922 construction year suggests potential for ongoing maintenance or unforeseen issues typical of older structures, which may require more attention than newer builds.
Management Complexity: Managing a tri-plex with three distinct units, each with its own layout, amenities, and private outdoor spaces, can present a higher level of management complexity and time commitment for an owner.
Varying Unit Modernization: While some units feature remodeled kitchens and bathrooms, the description implies varying levels of modernization across the three units, potentially requiring additional investment to standardize or upgrade all units to a consistent contemporary standard.

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