148 W Cherry Avenue
Monrovia, CA, 91016
$765,000
Original list price: $815,000
MLS: PW25269292
Beds
4
Baths
3
Sq Ft
1,623
Lot
0.05 ac
Year Built
2003
MLS #
PW25269292
Days on Market
279
Listed
Dec 2, 2025
Description
NEW PRICE — NOW EVEN MORE ATTRACTIVE. We invite you to take another look at this excellent Monrovia opportunity. With the updated pricing, this spacious 4-bedroom, 3-bath home offering 1,623 square feet of comfortable living space home stands out as one of the best values in the area. Built in 2003 and lovingly maintained by the same owner for over 20 years, the home features a practical floor plan with multiple living areas, generous bedrooms, and central heating and air conditioning for year-round comfort. The property sits on a manageable 2,005-square-foot lot, providing a low maintenance yard with room for a garden, patio, or outdoor seating. Nestled in a desirable Monrovia neighborhood near the San Gabriel foothills, this home combines modern construction with convenience and potential—ideal for buyers ready to personalize and make it their own. This property may qualify for the City of Monrovia Residential Rehabilitation Grant Program, as well as Conventional Loan renovation programs that allow buyers to finance both the purchase and improvements with as little as 3% down. Eligible options include Fannie Mae’s HomeStyle Renovation and Freddie Mac’s CHOICERenovation and CHOICE Reno Express programs. For additional information please contact Charles Thomas.
Location
Monrovia, Los Angeles County, CA 91016
Open on Google Maps ↗Listed by: Linda Shepperd · Trends RE Inc.
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$6,451
/ month (est.)
Principal, interest, taxes, and insurance + PMI + HOA. Down payment: $76,500 · Loan: $688,500
Average 30-yr fixed rate 7.40% as of Oct 15, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $4,767
- Property tax (1.25%)
- $797
- Homeowners insurance
- $300
- Mortgage insurance
- $287
- HOA dues
- $300
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 Oct 15, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.71%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
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 $26,775 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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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor, Antelope Valley
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