740 W Colorado
Monrovia, CA, 91016
$950,000
MLS: PF26189318
Beds
2
Baths
1
Sq Ft
1,186
Lot
0.17 ac
Year Built
1946
MLS #
PF26189318
Days on Market
34
Listed
Sep 10, 2026
Description
Located in the heart of Monrovia, this character-filled 2-bedroom, 1-bath home pairs timeless appeal with thoughtful modern upgrades. Fresh landscaping and a gated entrance create a welcoming first impression. Inside, dark wood laminate flooring flows throughout the home, while the inviting living room is centered by a gorgeous fireplace and framed by stunning mountain views. The formal dining room features classic wainscoting and a beautiful light fixture, making it equally suited for daily living and entertaining. The updated kitchen offers quartz countertops, freshly painted cabinets, newer appliances, and plenty of space to cook and gather. Both generously sized bedrooms provide ample closet space, sheer-panel drapery, and striking light fixtures. The refreshed bathroom features new penny-tile flooring and a shower/tub combination with a beautiful mosaic-tile inlay. Off the kitchen is a dedicated laundry room with built-in shelving, a utility sink, and cabinetry. Outside, the backyard is a true retreat with new landscaping and a screened patio complete with a built-in BBQ and fireplace, ideal for year-round entertaining. Just beyond the patio, a vegetable garden adds a charming touch. In this backyard you will also enjoy mature fruit trees including mango, apple, lemon, fig, and peach. The property’s large lot and layout may also present an appealing opportunity for an ADU conversion, subject to buyer investigation and applicable approvals. A detached two-car garage includes a versatile bonus room, perfect for a gym, art studio, or home office. Significant upgrades include a new electrical system throughout (2016), roof (2017), HVAC (2018), windows (2019), sewer line (2021), appliances (2022), fresh interior and exterior paint (2026), and a new landscaping and irrigation system (2026). With upgrades like these, this property is ready for years of enjoyment. Ideally located with easy access to the 210 Freeway and just minutes from the restaurants, cafés, shops, parks, and year-round community events of Old Town Monrovia, this is an opportunity you won’t want to miss.
Location
Monrovia, Los Angeles County, CA 91016
Open on Google Maps ↗Listed by: Will Kaliel · Coldwell Banker Residential
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
$7,566
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $95,000 · Loan: $855,000
Average 30-yr fixed rate 7.40% as of Oct 8, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $5,920
- Property tax (1.25%)
- $990
- Homeowners insurance
- $300
- Mortgage insurance
- $356
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 8, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.73%
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 $33,250 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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