244 E Lime
Monrovia, CA, 91016
$980,000
MLS: AR26056804
Beds
4
Baths
2
Sq Ft
1,480
Lot
0.18 ac
Year Built
1934
MLS #
AR26056804
Days on Market
12
Listed
Mar 17, 2026
Description
Rare opportunity to own two separate homes on one lot in the heart of vibrant Old Town Monrovia! Just steps from charming Myrtle Avenue’s shops, restaurants, farmers market, and entertainment. Cute craftman front house 2 bedrooms + den, 1 bath, upgraded; rear house 2 bedrooms, 1 bath (title shows 1 bedroom 1 bath) with detached 1-car garage, newly remodeled with new paint in & out, new vinyl plunk floor, new kitchen counter, backsplash, sink; new blinds, new faucets; new garage door...too many to list. Each unit has their own laundry room & own yard, back house comes with 1-car garage. Additional parking with alley access. Front unit has Long-term tenant; Back unit vacant, Perfect for investor and/or owner-occupied. Zoned RM3500, perfect for redevelopment or ADU addition (buyer to verify). Best value in town!
Location
Monrovia, Los Angeles County, CA 91016
Open on Google Maps ↗Listed by: Min Yang · Wetrust Realty
Payment estimate
$7,107
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $98,000 · Loan: $882,000
- Principal & Interest
- $5,419
- Property tax (1.25%)
- $1,021
- Homeowners insurance
- $300
- Mortgage insurance
- $368
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 $34,300 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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