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Backup Offers

425 E Walnut Ave, Monrovia, CA, 91016

$899,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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425 E Walnut Ave, Monrovia$899,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway
Year Built1910
HeatingWall Furnace
CoolingWall/Window Unit(s)
BasementYes
MLS #WS24220728
Lot Size0.15 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 425 E Walnut Ave

Welcome to 425 E Walnut Ave in Monrovia, CA. Built in 1910, this Craftsman-style property comprises a 2-bedroom, 1.5-bathroom main house with an additional office that can serve as a third bedroom, plus a detached 1-bedroom, 1-bathroom back unit, offering significant versatility for investors or owner-occupants. The main house and the back unit total approximately 1,355 rentable square feet on a parcel of ±6,539 square feet zoned RM3000/PUD. Both units feature washer and dryer hookups, and the property offers ample driveway parking for residents. The detached back unit also includes a private fenced yard, perfect for rental income or guest accommodations. The current rental income is as follows: 2B1.5B Front House: $2175, 1B1B back unit: $1500. Located in a desirable Monrovia neighborhood, just 3.5 blocks from the vibrant downtown area, this property is ideally situated with convenient access to the 210 and 605 Freeways, making commuting easy. The property is close to Monrovia’s charming restaurants, local bars, and plenty of shopping options, adding to the desirability for renters. The location is also near popular recreational sites like the Monrovia Canyon Park, the Santa Anita Racetrack, and the Westfield Santa Anita Shopping Mall, which contribute to the rising demand for rentals in this neighborhood.

Property Details

Property Features

Property Information:

  • Architectural Style: Craftsman
  • Year Built: 1910
  • Stories: 1

Listing Office:

  • Office Name: LEE & ASSOC COMM R E SERV/PAS
  • Office Email: pas_admin@lee-associates.com
  • Listing Agent: CHRISTOPHER JOHNSON

Interior Features

Interior Information:

  • Appliances: Stove, Dryer, Washer
  • Basement: Yes
  • Interior: Ceiling Fan(s)

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: Exit the 210 Freeway Myrtle Ave. Exit and head North onto S Myrtle Ave. and make a rigth turn onto E Walnut Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $899,000

Tax Information:

  • Annual Amount: $1,601
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Monrovia, CA.

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Monrovia, CA

City

Med. Sold Price

$926.5K

Med. Price/SqFt

$649

Avg. Days On Market

24

# of Sold Homes

19

425 E Walnut Ave vs Monrovia

58 DAYS ON ROCKET

+34 Days

$899,000

-$27.5K Less

KEY TAKEAWAY

This property is $27.5K less than the Median Sold Price in Monrovia, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #WS24220728

Listing Office:

  • Office Name: LEE & ASSOC COMM R E SERV/PAS
  • Office Email: pas_admin@lee-associates.com
  • Listing Agent: CHRISTOPHER JOHNSON

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 10:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,601$71,749
2020$1,548$71,014
2019$1,467$69,623
2018$1,446$68,258
2017$1,446$66,920

History based on county public records data.

Payment Calculator

$4,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,762

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-813377
5
/10

  • Wild Rose School of Creative Arts

  • 232 Jasmine Ave

  • 0.41 miles

  • Public District Grades KG-5

school-card-donut-813378
4
/10

  • Bradoaks Elementary Science Academy

  • 930 E Lemon Ave

  • 0.58 miles

  • Public District Grades KG-5

school-card-donut-813379
4
/10

  • Monroe Elementary School

  • 402 W Colorado Blvd

  • 0.82 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,489. Typical income of Monrovia, CA residents is between $35k-100k annually. The majority of families are married, with kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Monrovia›91016›425 E Walnut Ave

This home is located at 425 E Walnut Ave in Monrovia, CA and zip code 91016 in the The San Gabriel Valley neighborhood. This home, which was built in 1910, sits on a 0.15 acre lot. It has been listed on Rocket Homes since October 24, 2024 and is currently priced at $899,000.

In November 2024 more than 11 listings in Monrovia, CA were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 7 were sold below. The number of listings in Monrovia, CA decreased by 18.3% between October 2024 and November 2024. While the average time on the market in November 2024 was 24 days, the median list price was $926,500.

From Rocket Homes Real Estate and based on county public records data.

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