127 W Cherry
Monrovia, CA, 91016 $ 1,880,000
Baths1.1 Sq 4,285 Monthly Estimate*
$ 11,871
Studio for $1,880,000 with 1 full bath, 1 half bath. This 4,285 square foot home was built in 1947 on a lot size of 0.2073.
Turnkey Triplex + Permitted ADU in the Heart of Monrovia — 4 Income Units, Fully Remodeled. An exceptional income opportunity in one of the San Gabriel Valley's most desirable cities. This well-maintained four-unit property combines a spacious triplex with a permitted 2023 ADU, offering a strong unit mix and immediate rental upside. Extensively remodeled just three years ago, every unit shows beautifully with modern kitchens and bathrooms, new kitchen appliances, fresh and well-kept interior paint, dual-pane windows, and abundant natural light pouring through wide windows. The units: Front Unit (detached) — 2 bed / 1.5 bath, 993 sqft, a private standalone home offering added privacy and rental appeal. Middle Unit, Downstairs — 3 bed / 2 bath, 1,267 sqft, generous living space with a comfortable, functional layout. Middle Unit, Upstairs — 3 bed / 2 bath, 1,295 sqft, bright and airy with the largest footprint of the group, featuring a remodeled balcony with new decking and waterproofing. ADU — 2 bed / 1 bath, 730 sqft, professionally converted from a garage with permits (built 2023), adding a fourth income stream and excellent value. Each triplex unit benefits from central AC and heat installed just three years ago and meticulously maintained, while the ADU is served by its own efficient mini-split system. New water heaters were also added three years ago — all part of the same quality remodel throughout, making this a genuinely turnkey asset with minimal deferred maintenance. Prime location: Everything is within easy reach, including quick access to the I-210 freeway, shopping centers, parks, schools, and a wide range of restaurants. Monrovia's charm, walkable Old Town, and strong rental demand make this an ideal hold for investors or owner-users looking to offset their mortgage. Ten bedrooms and seven bathrooms across roughly 4,285 square feet of living space — a rare, fully updated multi-unit offering that's ready to perform from day one. Don't miss this one.
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FeaturesGeneralSewer PublicSewer
Cooling CentralAir
Appliances Dishwasher GasRange WaterHeater
HOA Fee 0
Garage Spaces 0
Pool Features None
Exclusions staging furniture
Year Built 1947
Tenant Pays AllUtilities
Stories Count 2
Levels Two
Property Subtype Triplex
Gross Income 0
Community Features Sidewalks
County Los Angeles
Net Operating Income 134200
Operating Expense 5000
Insurance Expense 5000
New Construction false
Property Type ResidentialIncome
HOA false
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions S Myrtle Ave and W Cherry Ave
City Monrovia
Entry Location front
Senior Community Y/N false
Number Of Units Total 3
MLS Area 639 - Monrovia
Lot Size Units SquareFeet
Lot Size Square Feet 9028
Number of Units Leased 3
Listing Terms Cash CashToNewLoan Conventional Exchange1031
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units SquareFeet
Standard Status Active
Year Built Source SeeRemarks
Tax Lot 6
Total Actual Rent 9050
Property Sub Type Additional Triplex
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InteriorTotal Stories 2
Common Walls TwoCommonWallsOrMore
Air Conditioning Y/N true
Laundry Features WasherHookup GasDryerHookup
Entry Level 1
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ExteriorLot Features TwoToFiveUnitsAcre
Water Source Public SeeRemarks
Total Parking 0
Lot Size Area 9028
Number of Buildings 2
Building Area Total 4285
Lot Size Acres 0.2073
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
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* Excluded FeaturesList Byrealestate.kinglee@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $11,871
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 NearbySingle family listings in Monrovia, CA
Average List Price $1,290,817
Percent of Sale Price 31%
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 |
|---|
| 8/1/2026 | $1,880,000 | 5.15% | Price Up |
| 7/15/2026 | $1,788,000 | | Listed Price |