$919,924 - $1,073,000
RENTED JUN 5, 2025

505 E Olive Ave Monrovia, CA 91016

2 Beds
1 Bath
655 Sq Ft
$1,523 Price per Sq Ft

Highlights

  • No Units Above
  • Front Porch
  • Views
  • Clifton Middle School Rated A-
  • Walk-In Closet
  • 4-minute walk to Recreation Park

About This Home

As of June 2025

Charming 1910 California Bungalow Duplex in Prime Monrovia Location.This tenant-ready duplex unit exudes charm, character, and comfort. A beautifully landscaped front yard and inviting porch set the tone for this welcoming home.Step inside to an expansive living and dining area featuring gleaming hardwood floors, built-in cabinetry, and abundant natural light that creates a bright, airy atmosphere. The spacious layout offers versatility for both relaxing and entertaining.The home features two well-sized bedrooms with ceiling fans and generous closet space. The front bedroom includes a walk-in closet, while the second bedroom offers serene views of the lush backyard and the San Gabriel Mountains. A full bathroom with a vanity, sink, shower, and tub adds to the home's comfort and convenience.The well-appointed kitchen includes a gas-powered range oven, built-in cabinetry for ample storage, and space for a cozy breakfast nook. Privacy blinds are installed throughout the home, providing customizable light control.Additional amenities include a dedicated laundry room, a garage, and a carport for added parking convenience. The large rear yard, surrounded by mature greenery, offers a peaceful outdoor retreat.Ideally located in North Monrovia, blocks from Old Town, this charming upgraded duplex unit offers easy access to local shops, restaurants, parks, and community amenities. A rare opportunity to enjoy both tranquility and urban convenience in one of Monrovia's most desirable neighborhoods.

Last Agent to Rent the Property

Francis Recalde

Coldwell Banker Realty Brokerage Email: fdrrealty@gmail.com License #01280897 Listed on: 05/26/2025

Coldwell Banker Realty

Last Renter's Agent

Francis Recalde

Coldwell Banker Realty Brokerage Email: fdrrealty@gmail.com License #01280897 Listed on: 05/26/2025

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,753

Year Built

  • Built in 1910

Lot Details

  • 7,950 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Wood Fence
  • Chain Link Fence
  • Landscaped
  • Sprinkler System

Parking

  • 1 Car Garage
  • 1 Attached Carport Space
  • Parking Available
  • Single Garage Door

Home Design

  • Duplex

Interior Spaces

  • 655 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Property Views

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Patio
  • Exterior Lighting
  • Front Porch

Location

  • Urban Location

Utilities

  • Floor Furnace
  • Vented Exhaust Fan
  • Gas Water Heater

Community Details

  • Park

Listing and Financial Details

  • Security Deposit $2,550
  • Rent includes gardener, sewer
  • 12-Month Minimum Lease Term
  • Available 6/1/25
  • Tax Lot 21
  • Tax Tract Number 431
  • Assessor Parcel Number 8517011022
  • Seller Considering Concessions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,753

Year Built

Built in 1910

Lot Details

0

Parking

1

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2025-06-01
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 2550
  • Furnished: Unfurnished
  • Total Move In Costs: 5100.00
  • Transfer Fee Paid By: Owner

Listing Details

  • Structure Type: Duplex
  • Assessments: No
  • Inclusions: The stove
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable
  • View: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Lease
  • Parcel Number: 8517011022
  • Year Built: 1910
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 655.00 Square Feet
  • Stories: 1
  • Common Walls: 1 Common Wall, No One Below, No One Above
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 3.89
  • Room Type: Living Room, Laundry, Kitchen, Walk-In Closet

Exterior Features

  • Patio: Yes
  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Patio And Porch Features: Front Porch
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Attached Carport, Covered, Garage - Single Door, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Vented Exhaust Fan, Gas Oven, Gas Water Heater, Gas Range
  • Heating Type: Floor Furnace
  • Laundry Features: Individual Room, Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Urban, Sidewalks, Street Lights, Park

Lot Info

  • Lot Features: Landscaped
  • Lot Size Sq Ft: 7950.00
  • Lot Size Acres: 0.1825

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 7950.0000 Square Feet
  • Rent Includes: Gardener, Sewer

Tax Info

  • Tax Lot: 21
  • Tax Tract Number: 431...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2004
Sold by
Brite Assets Management Inc
Bought by
Morgan Carmen
Current Estimated Value
$997,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2004
Sold by
Castaneda Ana
Bought by
Brite Assets Management Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 23, 2004
Sold by
Swanson Genevieve
Bought by
Barbata Patrick C

Purchase Details

Closed on
Mar 10, 2004
Sold by
Barbata Patrick
Bought by
Swanson Genevieve

Purchase Details

Closed on
Nov 26, 2003
Sold by
Barbata Patrick C
Bought by
Castaneda Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,500
Interest Rate
8.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 2001
Sold by
Barbata Patrick C and Barbata Patrick
Bought by
Barbata Patrick C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,950
Interest Rate
7%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Morgan Carmen $400,000 --
Brite Assets Management Inc -- --
Barbata Patrick C -- --
Swanson Genevieve -- --
Castaneda Ana $170,000 Stewart Title
Barbata Patrick C -- First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morgan Carmen $496,000
Closed Morgan Carmen $177,500
Closed Morgan Carmen $320,000
Previous Owner Castaneda Ana $161,500
Previous Owner Barbata Patrick C $5,950
Previous Owner Barbata Patrick C $48,000
Closed Morgan Carmen $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2025 06/05/25 Rented $2,550 0.0% --
05/26/2025 05/26/25 For Rent $2,550 -- --
Source: Pasadena-Foothills Association of REALTORS®

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 $7,753 $557,551 $404,230 $153,321
2024 $7,753 $546,619 $396,304 $150,315
2023 $7,579 $535,902 $388,534 $147,368
2022 $7,363 $525,395 $380,916 $144,479
2021 $7,220 $515,095 $373,448 $141,647
2019 $6,886 $499,819 $362,372 $137,447
2018 $6,703 $490,019 $355,267 $134,752
2016 $6,451 $470,992 $341,472 $129,520
2015 $6,312 $463,918 $336,343 $127,575
2014 $6,254 $454,831 $329,755 $125,076
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-22427

Pasadena-Foothills Association of REALTORS®

APN: 8517-011-022