127 W Cherry Ave Monrovia, CA 91016
Monrovia AreaEstimated payment $12,005/month
Highlights
- No HOA
- Central Air
- Laundry Facilities
About This Home
Turnkey Triplex + Permitted ADU in the Heart of Monrovia — 4 Income Units, Fully Remodeled.
An exceptional income opportunity in one of the San Gabriel Valley's most desirable cities. This well-maintained four-unit property combines a spacious triplex with a permitted 2023 ADU, offering a strong unit mix and immediate rental upside. Extensively remodeled just three years ago, every unit shows beautifully with modern kitchens and bathrooms, new kitchen appliances, fresh and well-kept interior paint, dual-pane windows, and abundant natural light pouring through wide windows.
The units: Front Unit (detached) — 2 bed / 1.5 bath, 993 sqft, a private standalone home offering added privacy and rental appeal. Middle Unit, Downstairs — 3 bed / 2 bath, 1,267 sqft, generous living space with a comfortable, functional layout. Middle Unit, Upstairs — 3 bed / 2 bath, 1,295 sqft, bright and airy with the largest footprint of the group, featuring a remodeled balcony with new decking and waterproofing. ADU — 2 bed / 1 bath, 730 sqft, professionally converted from a garage with permits (built 2023), adding a fourth income stream and excellent value.
Each triplex unit benefits from central AC and heat installed just three years ago and meticulously maintained, while the ADU is served by its own efficient mini-split system. New water heaters were also added three years ago — all part of the same quality remodel throughout, making this a genuinely turnkey asset with minimal deferred maintenance.
Prime location: Everything is within easy reach, including quick access to the I-210 freeway, shopping centers, parks, schools, and a wide range of restaurants. Monrovia's charm, walkable Old Town, and strong rental demand make this an ideal hold for investors or owner-users looking to offset their mortgage.
Ten bedrooms and seven bathrooms across roughly 4,285 square feet of living space — a rare, fully updated multi-unit offering that's ready to perform from day one. Don't miss this one.
Listing Agent
Dynasty Realty Brokerage Email: realestate.kinglee@gmail.com License #02009978 Listed on: 07/14/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 9,028 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 4,285 Sq Ft Home
- 2-Story Property
- Washer and Gas Dryer Hookup
Kitchen
- Gas Range
- Dishwasher
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Bathrooms
Utilities
- Central Air
- Water Heater
Listing and Financial Details
- Tax Lot 6
- Tax Tract Number 50
- Assessor Parcel Number 8508010054
- $1,554 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Amenities
- Laundry Facilities
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $5,000
- Operating Expense $5,000
- Net Operating Income $134,200
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $20,058 | $1,440,000 | $900,000 | $540,000 |
| 2024 | $18,493 | $1,326,000 | $861,900 | $464,100 |
| 2023 | $18,076 | $1,300,000 | $845,000 | $455,000 |
| 2022 | $7,574 | $482,931 | $302,132 | $180,799 |
| 2021 | $7,419 | $473,462 | $296,208 | $177,254 |
| 2020 | $7,220 | $468,608 | $293,171 | $175,437 |
| 2019 | $7,104 | $459,421 | $287,423 | $171,998 |
| 2018 | $6,858 | $450,414 | $281,788 | $168,626 |
| 2016 | $6,583 | $432,926 | $270,847 | $162,079 |
| 2015 | $6,448 | $426,424 | $266,779 | $159,645 |
| 2014 | $6,405 | $418,072 | $261,554 | $156,518 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/31/2026 07/31/26 | Price Changed | $1,880,000 | 0.0% | $439 / Sq Ft | |
| 07/31/2026 07/31/26 | For Sale | $1,880,000 | +5.1% | $439 / Sq Ft | |
| 07/14/2026 07/14/26 | Off Market | $1,788,000 | -- | -- | |
| 07/14/2026 07/14/26 | For Sale | $1,788,000 | +37.5% | $417 / Sq Ft | |
| 09/22/2022 09/22/22 | Sold | $1,300,000 | -3.7% | $382 / Sq Ft | View Prior Sale |
| 08/24/2022 08/24/22 | Pending | -- | -- | -- | |
| 08/04/2022 08/04/22 | Price Changed | $1,350,000 | -6.9% | $397 / Sq Ft | |
| 06/22/2022 06/22/22 | For Sale | $1,450,000 | -- | $426 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Gift Deed | -- | None Listed On Document | |
| Grant Deed | -- | None Listed On Document | |
| Deed | -- | Lawyers Title | |
| Grant Deed | $1,300,000 | Lawyers Title | |
| Interfamily Deed Transfer | -- | Southland Title Company | |
| Interfamily Deed Transfer | -- | Southland Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $250,000 | Gateway Title Company | |
| Trustee Deed | $370,705 | Fidelity National Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $845,000 | New Conventional | |
| Previous Owner | $337,000 | New Conventional | |
| Previous Owner | $224,000 | New Conventional | |
| Previous Owner | $171,300 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR26153225
APN: 8508-010-054
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
- 148 W Cherry Ave
- 223 Montana St
- 123 W Central Ave
- 206 E Fig Ave
- 343 W Central Ave Unit J
- 1213 S California Ave
- 331 Genoa St Unit E
- 703 S Primrose Ave
- 402 Almond Ave
- 808 S California Ave
- 517 King St
- 616 S Canyon Blvd
- 438 W Duarte Rd
- 436 W Duarte Rd Unit A
- 612 King St
- 327 W Lemon Ave
- 231 E Lemon Ave
- 607 W Duarte Rd Unit D
- 612 E Colorado Blvd
- 535 W Lemon Ave
- 124 E Cypress Ave
- 238 Montana St Unit 238
- 127 W Pomona St
- 129 E Pomona Ave
- 825 S Myrtle Ave Unit SI FL4-ID12716A
- 825 S Myrtle Ave Unit SI FL5-ID5401A
- 825 S Myrtle Ave Unit SI FL1-ID10985A
- 825 S Myrtle Ave Unit SI FL3-ID8094A
- 825 S Myrtle Ave Unit SI FL1-ID12267A
- 825 S Myrtle Ave Unit SI FL1-ID12583A
- 825 S Myrtle Ave Unit SI FL3-ID12360A
- 825 S Myrtle Ave
- 228 W Pomona Ave
- 1131 S Alta Vista Ave Unit F
- 1233 S California Ave
- 1625 S Magnolia Ave
- 1226 S Mayflower Ave Unit A
- 225 W Duarte Rd
- 1214 S Mayflower Ave Unit D
- 700 S Myrtle Ave
Ask me questions while you tour the home.