228 Oaks Avenue
Monrovia, CA, 91016
$1,500,000
MLS: P1-25794
Beds
3
Baths
4
Sq Ft
2,076
Lot
0.16 ac
Year Built
1925
MLS #
P1-25794
Days on Market
66
Listed
Feb 10, 2026
Description
Don't miss seeing this classic Spanish style home, gracefully situated on the corner of two peaceful, tree lined streets in the highly desirable residential neighborhood of North Monrovia. This is a home you can live in should you wish to, making it an appealing option for multi generational living or rent one unit to supplement income. Rich in architectural charm and thoughtful design, the property continues to offer flexibility, with the possible potential to be converted into a true single family residence with some modification. The corner orientation provides excellent natural light, added privacy, and a true neighborhood presence. The Oaks Avenue unit is a refined one bedroom, one and one half bath residence designed for both comfortable living and entertaining. Restored white oak hardwood floors extend throughout the open floor plan, creating warmth and continuity. The spacious living room features an elegant coved ceiling and a custom built in media center. The dining room serves as a central gathering space, ideal for family meals or hosting guests. The kitchen is beautifully appointed with granite countertops, custom cabinetry, and modern appliances. This side of the property also includes a long gated driveway, a covered porch with old world architectural influence, and a private garage. Facing Acacia Avenue, the second residence offers a generous two bedroom, two bath layout with excellent separation of space. Dual entrances are positioned at either end of a covered porch with a distinctive turret, adding classic Spanish character. The open living area flows into the kitchen, which features granite countertops, abundant cabinetry, and ceramic tile flooring. White oak floors run throughout most of the home. Recent improvements include fresh interior paint, updated plumbing through repiping, newer kitchen appliances, a washer and dryer, a newer thermostat, and a newer water heater. A gated side yard provides access to a garage, laundry room, and a private covered patio. Both residences benefit from new electrical inside and out, central heating and air conditioning, crown molding, refined fixtures and lighting, and meticulously landscaped grounds. Located near Old Town Monrovia, the property enjoys close proximity to dining, shopping, the library, theater, and local markets, offering timeless Spanish character in one of Monrovia's most sought after neighborhoods. Come visit and see for yourself!
Location
Monrovia, Los Angeles County, CA 91016
Open on Google Maps ↗Listed by: Augusta Sanborn · Sotheby's International Realty
Payment estimate
$10,720
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $150,000 · Loan: $1,350,000
- Principal & Interest
- $8,295
- Property tax (1.25%)
- $1,563
- Homeowners insurance
- $300
- Mortgage insurance
- $563
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 $52,500 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.
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