$999,000

520 E Lime Avenue, Monrovia, CA 91016

  • 5 beds |
  • 3 baths |
  • 1,437 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1933
  • Property Lot Size Icon7,993sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $695/sqft
  • Property List Date Icon Listed 13 days ago

Property Description

Excellent opportunity to own a well-maintained duplex in the heart of Monrovia. This property features two separate detached homes on one lot, ideal for both owner-users and investors.The front home (520 E Lime Ave) can be delivered vacant and offers 3 bedrooms and 2 bathrooms, complete with a new kitchen and upgraded bathrooms, making it move-in ready. The rear home (518 E Lime Ave) includes 2 bedrooms and 1 bathroom, features private alley access and a two-car carport, and is currently generating $3,100 per month in rental income.Recent improvements include a new roof, updated interiors, mini-split systems, and separate gas and electric meters for each unit. The layout provides privacy between units, enhancing its appeal for multi-generational living or rental purposes.Located in a desirable neighborhood with access to great schools, this property presents a rare opportunity to live in one unit while generating income from the other or maximize returns as an investment. Just a short distance from Old Town Monrovia, offering dining, shopping, and community events.

Listing Status:
Active
Date Added:
March 19, 2026
Data Last Updated:
April 1, 2026 at 9:18PM
Listing Office:
Keller Williams Los Angeles : 213-797-7000
Listing Agent:
Raymond Wu : 949-202-9359
MLS ID:
26666115
  • General: Ceiling Fan(s)
  • Appliances: DisposalRefrigeratorDryerWasher
  • A/C: Wall/Window Unit(s)
  • General: Shed(s)
  • Other Structures: Shed(s)
  • Parking: CarportOn StreetParking spaces: 2
  • General: 1
  • Originating MLS: CRMLS_CL
  • County: Los Angeles
  • Zoning: MORM*8517007003
  • Source: CRMLS_CL

This listing courtesy of Raymond Wu , Keller Williams Los Angeles

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Wild Rose School of Creative Arts

232 Jasmine Ave, Monrovia, CA, 91016

Grades KG-5

0.13 miles away

C

Clifton Middle School

226 S Ivy Ave, Monrovia, CA, 91016

Grades 6-8

0.34 miles away

M

Mountain Park

950 S Mountain Ave, Monrovia, CA, 91016

Grades KG-12

0.61 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.