128 Los Angeles
Monrovia, CA, 91016
$958,000
MLS: AR26068432
Beds
3
Baths
1
Sq Ft
1,152
Lot
0.31 ac
Year Built
1946
MLS #
AR26068432
Days on Market
18
Listed
Mar 30, 2026
Description
OUTSTANDING DEVELOPMENT OPPORTUNITIES. Set on a sprawling 13,621 sq ft lot, the property boasts a desirable rectangular shape with an impressive 80-foot wide frontage. The expansive backyard feels like your own private park—perfect for relaxation, entertaining, or simply enjoying the serene surroundings. Take in calming north-facing views of the scenic foothill mountains, creating a true sense of escape and tranquility. Under SB9 guidelines, this property may qualify for a lot split, allowing for the potential development of two large single-family homes plus two ADUs—for a total of four units (buyer to verify with the City of Monrovia). Alternatively, retain the existing residence and explore the addition of an ADU and JADU for added value and flexibility (buyer to verify). Nestled in a wonderful Monrovia location, this exceptional property offers the perfect blend of convenience, tranquility, and future potential. Ideally situated just minutes from the vibrant charm of Old Town Monrovia, you’ll enjoy easy access to popular dining, boutique shopping, local cafes, and the beloved weekly street fair—while still coming home to a peaceful retreat away from the bustling city noise. Per city records, the home features 3 bedrooms and 1 bathroom. Additional kitchen and bathroom were added without permit in the 3rd bedroom and functions as a separate 2nd unit with its own private entrance. Property is being sold in its present “AS IS, WHERE IS” condition.
Location
Monrovia, Los Angeles County, CA 91016
Open on Google Maps ↗Listed by: Tommy Thai · T2 Realty
Payment estimate
$6,955
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $95,800 · Loan: $862,200
- Principal & Interest
- $5,298
- Property tax (1.25%)
- $998
- Homeowners insurance
- $300
- Mortgage insurance
- $359
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Monrovia home with as little as 3.5% down using an FHA loan — roughly $33,530 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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