Description

Rare investment opportunity in Monrovia fully renovated residential property with strong built-in income already in place and additional development potential. This unique compound features a spacious main house of approximately 2,000+ sq ft, a brand-new 2025 ADU of approximately 1,000 sq ft, and sits on a generous 11,445 sq ft lot. The property is currently leased for $13,000 per month for the next several years, making it an attractive income-producing asset from day one. Even more importantly, current zoning/coding may allow the construction of one additional unit up to approximately 2,300 sq ft, offering significant upside potential with plenty of usable lot space to support future expansion. Buyer to verify all development possibilities with the city. The main residence offers 4 bedrooms, 3 full bathrooms, plus 2 additional rooms ideal for offices, guest space, gym, or flexible use. The home has been extensively updated with a new roof, new stucco, modern flooring, recessed lighting, a large open living room, dining area, and a beautifully renovated kitchen with stylish cabinetry, quartz-style countertops, stainless steel appliances, and a large center island. The detached ADU was newly built in 2025 and offers a bright, modern layout with high ceilings, a large living area, 2 bedrooms, 2 bathrooms, and a kitchenette perfect for extended living, rental flexibility, or long-term income use. The property also features a covered patio, detached 2-car garage, detached laundry room with restroom, additional storage, gated driveway, landscaped outdoor areas, and plenty of usable space throughout the lot. The exterior offers great curb appeal with modern fencing, clean hardscape, mature trees, and a private outdoor setting. A fully improved property with multiple living areas, long-term lease income, possible additional unit development, and strong investment potential in the heart of Monrovia. A rare opportunity for investors looking for a stabilized residential income property with modern improvements, significant monthly cash flow, and future upside.