720 Ocean View, Monrovia, CA 91016 | For Sale

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For Sale $1,300,000

$1,300,000
  • (0)
  • Unknown Bedrooms
  • Unknown Bathrooms
  • Unknown Sq Ft
  • 9,005 Sq Ft

Description

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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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


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Expenses

Property Details

List Price $1,300,000
Property Type Duplex (2-units)
Usable Sqft Unknown
Number of Stories 1 stories
Parking Spots 0 spots
Year Built 1922
Last Sold Unknown
Sold Price Unknown
APN # 8518042006
MLS # AR26124600
Property ID 322917493
Lot Sqft 9,005
Zoning Unknown
Total Units 2
Days on Market 16
Original List Price $1,300,000
Applicances Dishwasher,Gas Range,Refrigerator%
Date Updated June 17, 2026
Date Created June 03, 2026
Unit # Beds Baths Current Rent Proforma Rent
Unit #1 $4,650 $0
Net Income (Yr) $ 46,667
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Listing Provided By

Donna Baker an agent of JohnHart Corp.. Lic #01308772


© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of June 17, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.



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