$1,023,000
SOLD DEC 4, 2025

307 E Olive Ave Monrovia, CA 91016

5 Beds
4 Baths
2,079 Sq Ft
8,000 Sq Ft Lot

Recently Sold

$492 Per Sq Ft

15% Below List Price

26 Days on Market

Highlights

  • Mountain View
  • Walk-In Closet
  • Laundry Room
  • Clifton Middle School Rated A-
  • Cooling System Mounted To A Wall/Window
  • 4-minute walk to Rotary Park

About This Home

As of December 2025

Unlock the possibilities at 307 E Olive Avenue, a classic 1918 triplex offering a rare chance to revive a true Monrovia charmer. The front residence is a charming Craftsman home featuring 3 bedrooms and 2 bathrooms, brimming with vintage character and architectural detail. Behind it are two additional 1-bedroom, 1-bath units, providing income potential or space for multi-generational living. Set on an expansive 8,000 square feet lot in the heart of Monrovia, this income-producing property blends vintage character. The property offers parking for up to 6 cars, a coveted amenity in this vibrant neighborhood. Just two blocks from vibrant Old Town Monrovia, enjoy boutique shopping, acclaimed dining, and lively Friday Night Street Fairs along Myrtle Avenue. Founded in 1887, Monrovia is celebrated as the fourth oldest city in Los Angeles County and is rich with architectural heritage. Outdoor enthusiasts will love nearby Monrovia Canyon Park, where oak-lined trails and cascading waterfalls showcase the natural beauty of the San Gabriel Mountains. The community has a highly regarded Monrovia Unified School District, including Wild Rose School of Creative Arts, Clifton Middle, and Monrovia High. Combining history, location, and multi-unit income potential, 307 E Olive Avenue presents an exceptional opportunity to restore and reimagine a piece of Monrovia’s enduring charm.

Last Agent to Sell the Property

Doris Requena Casas

Keller Williams Luxury Brokerage Phone: 818-523-6951 License #01827815 Listed on: 09/25/2025

Keller Williams Luxury

Last Buyer's Agent

Rick Cheng

Coldwell Banker Realty License #01958923

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Lot Details

  • 8,000 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Triplex
  • Entry on the 1st floor
  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 2,079 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Shared Driveway
  • Paved Parking

Accessible Home Design

  • Grab Bar In Bathroom
  • Accessible Parking

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 10 / 9
  • Assessor Parcel Number 8516029012

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 1 Leased Unit
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,456
  • Trash Expense $4,874
  • Operating Expense $8,330

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 8516029012
  • Year Built: 1918
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Accessibility Features: Grab Bars In Bathroom(s), Parking
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 492.06
  • Room Type: Kitchen, Walk-In Closet

Exterior Features

  • Foundation: Raised
  • View: Mountain(s), Neighborhood
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Paved, On Site, Oversized, Shared Driveway
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 4873.80
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8000.00
  • Lot Size Acres: 0.1837

Multi Family

  • Electric Expense: 3456.00
  • Lot Size Area: 8000.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Number With Carpet: 1
  • Rent Control: No
  • Total Actual Rent: 1350.00
  • Total Expenses: 8329.80

Tax Info

  • Tax Block: 9
  • Tax Lot: 10
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2025
Closed on
Nov 24, 2025
Sold by
Macias Otilia S
Bought by
Littlejohn Properties Llc
Seller's Agent
Doris Requena Casas
Keller Williams Luxury
Buyer's Agent
Rick Cheng
Coldwell Banker Realty
List Price
$1,199,999
Sold Price
$1,023,000
Premium/Discount to List
-$176,999
-14.75%
Views
57

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
263.24%

Purchase Details

Closed on
Jul 25, 2003
Sold by
Macias Elazor and Macias Otilia S
Bought by
Macias Otilia S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
5.17%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,028,000 Provident Title Company
Interfamily Deed Transfer -- First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $153,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2025 12/04/25 Sold $1,023,000 -14.7% $492 / Sq Ft
09/25/2025 09/25/25 For Sale $1,199,999 -- $577 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $4,979 $306,225 $168,425 $137,800
2024 $4,979 $300,222 $165,123 $135,099
2023 $4,877 $294,336 $161,886 $132,450
2022 $4,750 $288,565 $158,712 $129,853
2021 $4,654 $282,907 $155,600 $127,307
2020 $4,535 $280,007 $154,005 $126,002
2019 $4,465 $274,518 $150,986 $123,532
2018 $4,271 $269,136 $148,026 $121,110
2016 $4,104 $258,687 $142,279 $116,408
2015 $4,021 $254,802 $140,142 $114,660
2014 $3,999 $249,811 $137,397 $112,414
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25226060

California Regional Multiple Listing Service (CRMLS)

APN: 8516-029-012