Monrovia Real Estate

Monrovia: A Charming City in Los Angeles County, California

Located in the heart of Los Angeles County, Monrovia is a vibrant city that offers a perfect blend of small-town charm and urban convenience. Situated in southern California, Monrovia is surrounded by breathtaking natural beauty, making it an ideal place for nature enthusiasts and outdoor lovers.

With its convenient location, Monrovia provides easy access to all the attractions and amenities that the greater Los Angeles area has to offer. Residents can enjoy the bustling city life, world-class dining, shopping, and entertainment options just a short drive away. Whether it's exploring the famous Hollywood Walk of Fame, visiting the Griffith Observatory, or relaxing on the sunny beaches of Santa Monica, Monrovia residents have endless opportunities for adventure and fun.

Monrovia itself boasts a rich history, with many well-preserved historic buildings and landmarks that showcase its past. The city's charming downtown area is known for its tree-lined streets, boutique shops, and cozy cafes, creating a welcoming atmosphere for residents and visitors alike.

For those seeking a close-knit community, Monrovia offers a range of events and activities throughout the year that bring neighbors together. From the annual Monrovia Days celebration to the Friday Night Family Street Fair, there are plenty of opportunities to connect with others and build lasting relationships.

In terms of real estate, Monrovia offers a variety of housing options to suit different lifestyles and preferences. From cozy bungalows to spacious modern homes, there is something for everyone. The city's well-maintained neighborhoods and excellent schools make it an attractive choice for families looking to settle down.

Overall, Monrovia provides a unique blend of small-town charm, natural beauty, and urban conveniences, making it an ideal place to call home in Los Angeles County, California.

Newest Listings in Monrovia

$1,275,000

6 Beds ⋅ 3 Baths ⋅ 26843287 MLS

814 S Mayflower Ave in Monrovia. Situated in one of the San Gabriel Valley's most sought-after residential communities, 814 S Mayflower Avenue presents investors with a rare opportunity to acquire a well-maintained, three-unit income property in the heart of Monrovia, California. Built in 1956 and set on a 6,580 square foot lot, this classic single-story courtyard-style building totals 2,447 square feet and features three spacious 2-bedroom/1-bathroom units each thoughtfully laid out with comfortable living spaces, hardwood-style flooring, and individual garages that provide tenants private storage and washer/dryer hookups. The property is individually metered for electricity and gas, with tenants responsible for their own utility costs, while the owner covers water, trash, and gardening. Refrigerators are owner-supplied unless replaced by tenants, and the building presents in excellent condition throughout. The property is subject to AB 1482 however, it is not subject to local rent control, providing the incoming owner with meaningful flexibility to manage rents to market as tenancies turn. The incoming owner will have the ability to increase rents on all three units by 8.7% in August with a 30-day notice to the tenants, bringing the GRM to 16.7 with no capital investment, repositioning, or tenant turnover. The on-site garage structures may present an opportunity for Accessory Dwelling Unit (ADU) conversion, subject to City of Monrovia approval and applicable building requirements. Under California's significantly expanded ADU legislation, garage-to-ADU conversions have become an increasingly viable and cost-effective strategy for multifamily owners seeking to grow unit count and rental income without ground-up construction. A successful conversion could materially increase the property's gross income and overall value, transforming what is currently a functional tenant amenity into an additional revenue-generating asset. Prospective purchasers are encouraged to independently verify feasibility, permitting pathways, and projected costs with the City of Monrovia Planning Department and a licensed contractor prior to close of escrow.Monrovia's location within the Upper San Gabriel Valley positions residents within easy reach of the region's most prominent employment corridors. The property sits just minutes from the 210 Freeway and provides convenient access to major job centers including the City of Hope National Medical Center, a world-renowned cancer research and treatment institution employing thousands; the Arcadia and Pasadena medical corridors; and the broader tech, professional services, and logistics hubs concentrated along the 210/10 Freeway interchange. The Monrovia Gold Line Station part of the Metro L Line further enhances the property's commuter appeal, connecting residents directly to Pasadena, Downtown Los Angeles, and beyond without a car. Old Town Monrovia's thriving dining, retail, and entertainment district is just blocks away, reinforcing the neighborhood's strong live-work-play appeal.

814 S Mayflower Ave, Monrovia

Courtesy of Compass, John Swartz - CA DRE#01873487

$1,375,000

6 Beds ⋅ 3 Baths ⋅ 26843347 MLS

616 S 5th Avenue in Monrovia, CA. The property is a well-positioned three-unit multifamily asset in the heart of Monrovia, one of the San Gabriel Valley's most resilient and supply-constrained rental markets. Built in 1948, the property sits on a generous 8,294 square foot lot with 2,522 square feet of building area, offering a spacious, low-density configuration that is increasingly rare in today's market. The property is subject to AB-1482 however, it is not subject to any local rent control. Under AB-1482, ownership can raise rents 8.7% within 30 days of close bringing the GRM to 16.7. The unit mix consists of two two-bedroom/one-bath apartments and one two-bedroom/one-bath standalone house, creating a diverse and appealing offering for a broad range of tenants. The property's physical footprint is one of its most compelling attributes. The front house benefits from both a front yard and a rear yard area, offering a level of private outdoor space rarely found in multifamily product of this size. The two rear units each enjoy their own private outdoor patio areas, providing tenants with a sense of privacy and separation that drives retention and supports premium rents. All three units are equipped with washer/dryer hookups, and on-site garages provide additional storage for tenants. Tenants are responsible for electricity and gas, keeping landlord utility exposure limited to water, trash, and gardening.A prospective buyer should note the significant value-add potential presented by the on-site garage structures. Subject to City of Monrovia approval and applicable building requirements, the existing garages may be eligible for conversion into Accessory Dwelling Units (ADUs) an increasingly viable strategy under California's expanded ADU legislation. A successful conversion could meaningfully increase the property's unit count and gross rental income without the need for ground-up construction, offering a compelling path to enhanced yield and long-term asset appreciation. Prospective purchasers are encouraged to conduct their own independent due diligence with the City of Monrovia Planning Department and a qualified contractor to evaluate feasibility, permitting requirements, and projected conversion costs.Situated in Monrovia's established residential core, the property benefits from convenient access to major employment corridors throughout the San Gabriel Valley and the greater Los Angeles basin. The 210 Freeway is moments away, connecting residents to Pasadena, the City of Hope National Medical Center in Duarte, the Azusa Pacific University corridor, and the broader employment hubs of the San Gabriel Valley and downtown Los Angeles. The Monrovia Gold Line Station further enhances connectivity, offering tenants a car-free commute option into Pasadena and beyond a feature that continues to strengthen rental demand in the immediate submarket.

616 S 5th Ave, Monrovia

Courtesy of Compass, John Swartz - CA DRE#01873487

$5,695,000

29 Beds ⋅ 30 Baths ⋅ 25625357 MLS

Spanning four separate buildings, 137 and 147 N Myrtle Avenue, along with 146 and 148 Stedman Place, the property covers three separate parcels totaling a large 32,485 square foot, block-to-block area of land. Because the City of Monrovia does not have its own restrictive local rent control, the property benefits from higher allowable rent increases under California's statewide AB 1482. This may help a new owner to recapture the approximately 26% in rent upside more rapidly, leading to a more dramatic increase in future cash flow. Monrovia is also not subject to the expensive Measure ULA taxes that burden nearby Los Angeles, allowing investors to keep substantially more profits from building ownership. The buildings feature an excellent unit mix with mostly two-bedroom apartments throughout. Most of these units have already been upgraded to include varying combinations of remodeled bathrooms, updated kitchen appliances, new wood flooring, and, in select units, upgraded electrical panels and in-unit washer/dryers. The location grants tenants the convenience and walkability of more urban neighborhoods, as confirmed by its "Walker's Paradise" designation with a Walk Score of 92, along with the calm and comfort of a more suburban town. This is due largely to the property's location near the sought-after Old Town Monrovia business district, which runs along Myrtle Avenue just one block south of the property.

137 N Myrtle Ave, Monrovia

Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo - CA DRE#01357019

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Based on information from CRISNet MLS as of 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.