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330 N Madison Avenue, Monrovia, California 91016, Monrovia, 91016 - 2 bed, 2 bath

330 N Madison Avenue, Monrovia, California 91016 home-pic-0
ACTIVE$988,000
330 N Madison Avenue, Monrovia, California 91016
2Beds
2Baths
1,129Sqft
44,218Lot
Year Built
1942
Close
-
List price
$988K
Original List price
$1.18M
Price/Sqft
$875
HOA
-
Days on market
-
Sold On
-
MLS number
WS25136810
Home ConditionPoor
Features
Excellent View: Mountain(s)
ViewMountain(s)

About this home

We found 3 Cons,6 Pros. Rank: price - $988.0K(45th), sqft - 1129(23th), beds - 2(21th), baths - 2(50th).

Welcome to 330 N Madison Ave, Monrovia, an exceptional opportunity to build your dream home in one of the most desirable areas, just adjacent to Arcadia. This property is part of a private gated community and offers stunning mountain views. The expansive lot measures an impressive 44,218 square feet, providing ample space for future development.The property currently includes a 2-car detached garage and features newly installed vinyl flooring throughout, along with fresh interior and exterior paint. This is a rare chance to secure a large, well-located parcel in Monrovia, with the potential to create a custom home that meets all your needs. This property is ideal for those looking to invest in a premium location with plenty of space and scenic surroundings. Don't miss out on this unique offering.

Price History

Date
Event
Price
12/18/25
Price Change
$988,000-16.3%
06/18/25
Listing
$1,180,000
Condition Rating
Poor
Built in 1942, the property features a kitchen and bathroom that are extremely dated, likely original or renovated 50+ years ago. The kitchen lacks modern appliances and has old cabinetry and countertops. The bathroom features a pink/peach sink and dated tile work. While the property has new vinyl flooring and fresh paint, these are cosmetic updates that do not address the substantial age and condition of the core living areas or major systems. The listing itself emphasizes the large lot and potential for building a 'dream home,' implying the existing structure requires significant rehabilitation or is a candidate for demolition, aligning with the 'poor' condition criteria of requiring substantial repairs and rehabilitation to be a comfortable, modern home.
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 = 44218, living area = 1129.
Expansive Lot Size: The property boasts an impressive 44,218 square feet (over 1 acre) lot, offering significant space for future development and customization.
Prime Location & Development Potential: Located in a desirable area adjacent to Arcadia, this property is explicitly marketed as an exceptional opportunity to build a custom dream home.
Private Gated Community: Being part of a private gated community enhances security, exclusivity, and potentially property value.
Stunning Mountain Views: The property offers desirable mountain views, adding to its aesthetic appeal and potential value.
Significant Price Reduction: The list price has been reduced from $1.18M to $988K, potentially offering a more attractive entry point for buyers.

Cons

Age and Size of Existing Structure: The existing 1942-built home is relatively small at 1129 sqft for a 2-bed, 2-bath, suggesting it may be considered a tear-down or require extensive renovation to match the lot's potential.
Substantial Development Costs: As the property is positioned for building a 'dream home,' buyers should anticipate significant additional investment in construction costs and time beyond the purchase price.
Limited Immediate Livability: Despite recent cosmetic updates (new flooring, paint), the small and older existing structure may not fully meet the needs of buyers seeking a modern, spacious, and immediately move-in ready home, requiring a long-term vision.

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