244 E Lime Ave Monrovia, CA 91016
Estimated payment $6,159/month
Highlights
- Cooling System Mounted To A Wall/Window
- Laundry Room
- Level Lot
- Mayflower Elementary School Rated A
- Chain Link Fence
- 2-minute walk to Rotary Park
About This Home
Rare opportunity to own two separate homes on one lot in the heart of vibrant Old Town Monrovia! Just steps from charming Myrtle Avenue’s shops, restaurants, farmers market, and entertainment. Cute craftman front house 2 bedrooms + den, 1 bath, upgraded; rear house 2 bedrooms, 1 bath (title shows 1 bedroom 1 bath), needs TLC. Each unit has their own laundry room, own yard & own external storage unit. Parking with alley access. Zoned RM3500, perfect for redevelopment or ADU addition (buyer to verify). Long-term tenants, well below market rent, huge upside rent potential. Perfect for investor or owner-user. Best value in town!
Listing Agent
Wetrust Realty Brokerage Email: minyang168@gmail.com License #01344219 Listed on: 11/06/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,094
Year Built
- Built in 1934
Lot Details
- 7,921 Sq Ft Lot
- No Common Walls
- Chain Link Fence
- Level Lot
- Back and Front Yard
- Density is 6-10 Units/Acre
Home Design
- Duplex
- Entry on the 1st floor
- Stucco
Interior Spaces
- 1,480 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 2 / H
- Tax Tract Number 4310
- Assessor Parcel Number 8516018002
- $753 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,440
- Insurance Expense $1,329
- Trash Expense $1,196
- Water Sewer Expense $2,760
- Operating Expense $6,725
- Net Operating Income $27,781
Map
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 | $11,094 | $822,132 | $329,075 | $493,057 |
| 2024 | $11,094 | $806,013 | $322,623 | $483,390 |
| 2023 | $10,840 | $790,210 | $316,298 | $473,912 |
| 2022 | $10,527 | $774,717 | $310,097 | $464,620 |
| 2021 | $10,324 | $759,527 | $304,017 | $455,510 |
| 2020 | $10,009 | $751,740 | $300,900 | $450,840 |
| 2019 | $9,833 | $737,000 | $295,000 | $442,000 |
| 2018 | $5,034 | $354,617 | $278,971 | $75,646 |
| 2016 | $4,840 | $340,848 | $268,139 | $72,709 |
| 2015 | $4,738 | $335,729 | $264,112 | $71,617 |
| 2014 | $2,394 | $143,635 | $101,226 | $42,409 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/06/2025 11/06/25 | For Sale | $999,900 | +35.7% | $676 / Sq Ft | |
| 07/12/2018 07/12/18 | Sold | $737,000 | +5.4% | $498 / Sq Ft | View Prior Sale |
| 06/18/2018 06/18/18 | Pending | -- | -- | -- | |
| 06/15/2018 06/15/18 | For Sale | $699,000 | -- | $472 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $737,000 | Orange Coast Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $265,500 | Southland Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $225,650 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR25255082
APN: 8516-018-002
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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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