720 Ocean View
Monrovia, CA, 91016 $ 1,300,000
Baths1.0 Sq 1,363 Monthly Estimate*
$ 8,004
Studio for $1,300,000 with 1 full bath. This 1,363 square foot home was built in 1922 on a lot size of 0.2067.
Rare North Monrovia Craftsman Duplex with Additional Bonus Space! Situated in one of North Monrovia's most desirable neighborhoods, this charming 1922 Craftsman property offers character, versatility, and investment potential just moments from Canyon Park, hiking trails, the Wilderness Preserve, and vibrant Old Town Monrovia. Rich in architectural detail, the front residence welcomes you with a classic front gable accented by dental molding, wood siding, a spacious front porch, and attractive drought-tolerant landscaping. Inside, the one-bedroom, one-bath unit showcases timeless Craftsman features including hardwood flooring, crown molding, original built-in bookcases, abundant natural light, and a decorative fireplace with marble surround and wood mantel. A formal dining room adjoins the beautifully remodeled kitchen featuring subway tile backsplash, abundant cabinetry, stainless steel appliances, stainless sink, and updated flooring. The remodeled bathroom offers a frameless walk-in shower with subway tile surround, rain shower head, vessel sink vanity, and brushed nickel fixtures. Attached at the rear is a well-appointed studio unit featuring hardwood flooring, updated kitchen with subway tile and stainless steel appliances, remodeled bathroom, and window air conditioning. A separate laundry structure provides additional functionality with open beam ceilings, laminate flooring, and storage space. The expansive rear yard creates a private outdoor retreat with mature trees, lush lawns, and a spacious patio ideal for entertaining, relaxing, or enjoying Southern California's year-round climate. Adding even more flexibility, the detached garage has been converted into a finished, non-conforming bonus space that is not included in the property's square footage. This versatile area is all electric and features a kitchenette with abundant cabinetry and sink, an open steel beam ceiling, and a stylish 3/4 bath with green ceramic tile accents in the shower. This additional space offers a variety of potential uses for hobbies, guests, a home office, creative pursuits, or recreation with potential added income of $1600 a month. Parking for up to five vehicles is conveniently located off the rear alley. Both residential units are currently tenant occupied by excellent tenants paying market rents, creating immediate income for the next owner. A rare opportunity to own a character-rich income property in one of Monrovia's most sought-after locations.
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FeaturesGeneralSewer Public Sewer
Heating Central
Cooling Central Air Wall/Window Unit(s)
Possession Close Of Escrow
Roof Composition
Appliances Dishwasher Gas Range Refrigerator
Garage Spaces 0
Architectural Style Craftsman
Pool Features None
Construction Materials Wood Siding
Year Built 1922
Tenant Pays Cable TV Electricity Gas Telephone
View Mountain(s) Neighborhood
Property Subtype Duplex
Gross Income 48267
Community Features Foothills Sidewalks Park
County Los Angeles
Net Operating Income 46667
Operating Expense 9133
Insurance Expense 2108
New Construction false
Property Type Residential Income
Contingency Submit all offers subject to visual interior inspection
MaintenanceExpense 1422
Facing Direction North
Garage Y/N false
Special Listing Conditions Standard Trust
Status Active
Directions N/Foothill W/Mountain
City Monrovia
Entry Location 1
Senior Community Y/N false
Number Of Units Total 2
MLS Area 639 - Monrovia
Lot Size Units Square Feet
Lot Size Square Feet 9005
Number of Units Leased 2
Listing Terms Cash Cash to New Loan 1031 Exchange
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 805
Water Sewer Expense 1934
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 17
Total Actual Rent 4650
Property Sub Type Additional Duplex
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InteriorInterior Amenities Crown Molding Recessed Lighting
Flooring Laminate Vinyl Wood
Fireplace Features Decorative Living Room
Total Stories 1
Common Walls 1 Common Wall
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Laundry Features Laundry Room
Entry Level 1
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ExteriorParking Features Converted Garage One Space Side By Side Uncovered
Lot Features Back Yard Front Yard Lawn Landscaped Level Near Park Sprinkler System Street Level
Water Source Public
Total Parking 0
Lot Size Area 9005
Foundation Details Raised
Number of Buildings 1
Building Area Total 1363
Lot Size Acres 0.2067
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 2
Number of Separate Electric Meters 1
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* Excluded FeaturesList ByDonna@ammonandbaker.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $8,004
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Monrovia, CA
Average List Price $2,594,200
Percent of Sale Price 100%
About Monrovia, CA 37,168 Population
0% Since 2002
$ 71,396 Median Income
39.93 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/8/2026 | $1,300,000 | | Listed Price |