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518 E Lime, Monrovia, California 91016, Monrovia, 91016 - bed, bath

518 E Lime, Monrovia, California 91016 home-pic-0
ACTIVE$1,300,000
518 E Lime, Monrovia, California 91016
0Bed
0Bath
1,437Sqft
7,993Lot
Year Built
1933
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$905
HOA
-
Days on market
-
Sold On
-
MLS number
AR25199431
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.30M(71th), sqft - 1437(14th), beds - undefined(50th), baths - undefined(50th).

Wonderful opportunity to own two separate homes on one lot, ideally located in the heart of city of Monrovia. Just a short walk to Old Town Monrovia, where you’ll enjoy boutique shopping, dining, the Friday farmers market, and year-round community events. Both homes are thoughtfully positioned for privacy, with the back house offering private alley access—perfect for extended family, guest accommodations, or rental income. An incredible value: all pictured furniture and appliances are included, saving you time and thousands in setup costs. Property Features: Front Unit – 520 E Lime Ave: 3 bedrooms, 2 bathrooms. Back Unit – 518 E Lime Ave: 2 bedrooms, 1 bathroom, with a two-car carport and private alley access. Recent Upgrades Include: New roof (2023), Fully renovated front house. Back unit updates: new kitchen, new flooring, fresh interior & exterior paint. Both units equipped with new mini-split systems for cooling. Both units have newer, energy-efficient water heaters. Separate gas and electricity meters for each unit. Residential listing AR25198753

Price History

Date
Event
Price
09/04/25
Listing
$1,300,000
Condition Rating
Excellent
Despite being built in 1933, the property has undergone extensive and very recent renovations. The description explicitly states a new roof in 2023, a fully renovated front house, and new kitchen, new flooring, and fresh paint for the back unit. Both units also feature new mini-split systems for cooling and newer, energy-efficient water heaters. The images confirm these updates, showcasing modern kitchens with stainless steel appliances, contemporary bathrooms with stylish tiling and vanities, and light, new-looking flooring throughout. All components appear new or virtually new, meeting current quality standards.
Pros & Cons

Pros

Income/Multi-Generational Potential: Features two separate homes on one lot, offering excellent flexibility for rental income, extended family living, or guest accommodations.
Prime Location & Walkability: Ideally located in the heart of Monrovia, just a short walk to Old Town's boutique shopping, dining, farmers market, and community events.
Extensive Recent Upgrades: Significant updates include a new roof (2023), fully renovated front house, updated kitchen/flooring/paint in the back unit, new mini-split systems, and energy-efficient water heaters.
Separate Utilities & Privacy: Both units have separate gas and electricity meters, and the back unit benefits from private alley access, enhancing independence and privacy.
Value-Added Inclusions: All pictured furniture and appliances are included, providing substantial savings and immediate move-in readiness for the buyer.

Cons

Age of Property: Built in 1933, while many cosmetic and system upgrades are noted, potential buyers may still have concerns about underlying original infrastructure not explicitly mentioned as replaced (e.g., plumbing, foundation).
Combined Square Footage: The total square footage of 1437 sqft for two units (3 bed/2 bath and 2 bed/1 bath) suggests individual units are relatively compact, which might not appeal to buyers seeking larger living spaces.
Shared Lot Dynamics: Despite thoughtful positioning for privacy, being a duplex on a single lot may not suit buyers who prioritize a completely detached, single-family home experience with exclusive yard space.

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