231 E Walnut
Monrovia, CA, 91016
$875,000
MLS: CV26067905
Beds
2
Baths
2
Sq Ft
1,204
Lot
0.17 ac
Year Built
1960
MLS #
CV26067905
Days on Market
1
Listed
Mar 30, 2026
Description
Welcome to this charming 2-bedroom, 1.5 bathroom home situated on an expansive lot full of opportunity. This property offers the perfect blend of comfort, space, and future potential. The existing home features a functional layout with plenty of natural light, making it ideal for homeowners or investors alike. What truly sets this property apart is the oversized lot, providing ample room for expansion, outdoor living, or the addition of a second unit (ADU) due to the property being zoned RM 3500 / PUD which could allow for one unit per 3500 sq ft of lot size. Whether you’re looking to create additional rental income, accommodate extended family, or build your dream backyard retreat, the possibilities here are endless. Conveniently located with easy access to nearby amenities, this is a rare chance to own a property with both immediate livability and long-term upside. Situated in the award winning Mayflower Elementary and Clifton Middle schools. Don’t miss out on this versatile investment opportunity!
Location
Monrovia, Los Angeles County, CA 91016
Open on Google Maps ↗Listed by: MICAH ADAMS · CENTURY 21 ADAMS & BARNES
Payment estimate
$6,378
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $87,500 · Loan: $787,500
- Principal & Interest
- $4,839
- Property tax (1.25%)
- $911
- Homeowners insurance
- $300
- Mortgage insurance
- $328
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 $30,625 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.
Similar Homes Nearby
Active and pending listings in ZIP 91016 (Monrovia) within ±10% of this home's price and size.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
Free Buyer & Seller Tools
Net Sheet Calculator
Estimate how much you'll walk away with after selling. Covers commissions, closing costs, and loan payoff.
Property Comparison
Compare 2–3 properties side-by-side — equity, monthly payment, cash to close, and DTI — all in one infographic.
Drive Time Calculator
Check commute times from this address to work, school, or anywhere else before you commit.
Buyer Cost Sheet
Estimate your total closing costs as a buyer — lender fees, title, escrow, and prepaids — before you write an offer.