237 W Central Ave Monrovia, CA 91016
Estimated payment $6,109/month
Total Views
6,267
4
Beds
2
Baths
2,150
Sq Ft
$488
Price per Sq Ft
Highlights
- Popular Property
- No HOA
- Laundry Room
- Monrovia High School Rated A
- Cooling System Mounted To A Wall/Window
- Wall Furnace
About This Home
Discover a rare opportunity in the vibrant city of Monrovia, where tree-lined streets meet a lively mix of restaurants, coffee houses, and small-town charm. This traditional-style duplex features two separate homes on one spacious lot, making it ideal for investors or owner-occupants seeking flexibility and income potential. Each residence offers 2 bedrooms and 1 bath, thoughtfully designed for comfort and functionality. Situated on a generous 9,310 sq. ft. lot, the property presents exciting potential for future development. Both homes are separately metered for utilities, and with both tenants currently on month-to-month leases, the possibilities are wide open—whether you choose to maintain steady rental income or occupy one unit while leasing the other. Perfectly located just minutes from Old Town Monrovia, top-rated schools, shopping centers, restaurants, entertainment, and the I-210 freeway, this property combines convenience, charm, and long-term value. Whether you’re expanding your investment portfolio or looking for a home that pays for itself, this Monrovia gem offers it all.
Listing Agent
Engel & Völkers Burbank Brokerage Phone: 818-730-2361 License #01258134 Listed on: 08/11/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,314
Year Built
- Built in 1952
Lot Details
- 9,313 Sq Ft Lot
- No Common Walls
- Back and Front Yard
Home Design
- Duplex
- Composition Roof
Interior Spaces
- 2,150 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Parking Available
- Driveway
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tax Lot 32
- Tax Tract Number 15031
- Assessor Parcel Number 8508002059
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $4,200
- Water Sewer Expense $2,400
- New Taxes Expense $12,600
- Operating Expense $19,200
- Gross Income $45,600
- Net Operating Income $26,400
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $4,314 | $273,558 | $178,278 | $95,280 |
| 2024 | $4,314 | $268,195 | $174,783 | $93,412 |
| 2023 | $4,224 | $262,937 | $171,356 | $91,581 |
| 2022 | $4,112 | $257,783 | $167,997 | $89,786 |
| 2021 | $4,027 | $252,729 | $164,703 | $88,026 |
| 2020 | $3,920 | $250,139 | $163,015 | $87,124 |
| 2019 | $3,859 | $245,235 | $159,819 | $85,416 |
| 2018 | $3,663 | $240,428 | $156,686 | $83,742 |
| 2016 | $3,512 | $231,093 | $150,602 | $80,491 |
| 2015 | $3,441 | $227,622 | $148,340 | $79,282 |
| 2014 | $3,419 | $223,164 | $145,435 | $77,729 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | For Sale | $1,050,000 | -- | $488 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | -- | |
| Grant Deed | $178,000 | Chicago Title Co | |
| Trustee Deed | $173,203 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $190,000 | Unknown | |
| Previous Owner | $142,400 | No Value Available |
Source: Public Records
About the Listing Agent
Dan Sanchez has represented hundreds of buyers and sellers during his 25 years as a real estate professional.
Whether it’s residential, commercial, distressed or just a difficult closing, Dan is highly sought after by buyers and sellers, and other real estate agents for his knowledge and experience. He is uniquely qualified to handle both types of real estate as he holds the titles of Senior Estates Director and Senior Commercial Director for the brokerage.
Dan has built a
Dan's Other Listings
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB25180725
APN: 8508-002-059
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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
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