Listing Agent: Vincent Hon      Broker/Office: eXp Realty of Southern CA, Inc
612 614 Colorado Boulevard E Monrovia CA 91016
$ 1,760,000
  4   |    1   |    2057 Sq Feet

Listing ID

#AR26157550

Status

Active

Property Type

Duplex

Property Style

Modern

County

Los Angeles

Year Built

1948

Days on website

2

Description
Two homes on one lot, blocks from Old Town Monrovia, with all the expensive permitted remodel work done. The front house (#612) lives like an elegant single-family residence: ~1,550+sf, 3 bedrooms, 3 baths, plus a flexible bonus den that works as an office, guest room, or 4th bedroom. The primary suite offers a room-size walk-in closet and en-suite bath, while the secondary suite enjoys its own private entrance, ¾ bath, walk-in closet, and sink — ready to be permitted as a JADU. The spacious galley kitchen, thoughtfully designed, opens to the living and dining areas, creating a comfortable and inviting space for everyday living and entertaining. The detached rear unit (#614) above the garage: a private ~500sf unit — 1 bedroom, a den with closet space easily serves as a 2nd bedroom, ¾ bath, efficiency kitchen, and living room is immediately income-producing.

A renovation to the studs: new plumbing, new electrical with new meter & subpanels, tankless water heaters for both units, new roof, new central A/C, new mini-split, new premium waterproof engineered wood flooring, new cabinetry, new decking, all new windows, and all-new appliances. The existing 2-car garage has approved plans permitted for a 496sf ADU conversion, and the oversized courtyard offers room for an additional ~1,000sf detached ADU. Buyer to verify all development potential with the City of Monrovia and perform own due diligence.

Live in front, collect income in back, and grow into the lot! Few San Gabriel Valley properties let an owner-occupant offset their housing cost while building a multi-unit portfolio on a single parcel. An excellent move-in-ready option for owner-users, multigenerational families, and investors. Lots of mature trees like Mango, Avocado, Lemon & Orange!! Short walk to the vibrant Old Town, Myrtle Avenue dining, Library Park, and shopping, with the A Line and the 210 Freeway minutes away. An extraordinary property offering versatility, quality, and future upside! A rare opportunity not to be missed!
Location
Financial Information
List Price:  $ 1760000
Property Features
Appliances:  Dishwasher, Refrigerator
Community Features:  Park
Construction Materials:  Drywall, Stucco
Direction Faces:  North
Fencing:  Vinyl, Wood
Flooring:  Wood
Foundation Details:  Raised, Slab
Heating:  Central
High School:  Monrovia
High School District:  Monrovia Unified
Levels:  One
Parking Features:  Driveway, Garage, Gated
Patio And Porch Features:  Concrete, Deck, Open, Patio
Property Condition:  Turnkey
Road Frontage Type:  Alley
Road Surface Type:  Paved
Senior Community YN:  false
Structure Type:  Duplex
View:  Neighborhood
Water Source:  Public
Window Features:  Screens
High School:  Monrovia
High School District:  Monrovia Unified
Senior Community YN:  false
MLS Area Major:  639 - Monrovia
City:  Monrovia
Listed By:   Vincent Hon   eXp Realty of Southern CA, Inc 
CA Lic#