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740 West Colorado, Monrovia, CA 91016

$950K2bd · 1ba · 1,186 sqft
Lot 7,541 sqft•Single Family Residence•
Active
•42d on market•MLS# PF-26189318

Property Description

Located in the heart of Monrovia, this character-filled 2-bedroom, 1-bath home pairs timeless appeal with thoughtful modern upgrades. Fresh landscaping and a gated entrance create a welcoming first impression. Inside, dark wood laminate flooring flows throughout the home, while the inviting living room is centered by a gorgeous fireplace and framed by stunning mountain views. The formal dining room features classic wainscoting and a beautiful light fixture, making it equally suited for daily living and entertaining. The updated kitchen offers quartz countertops, freshly painted cabinets, newer appliances, and plenty of space to cook and gather. Both generously sized bedrooms provide ample closet space, sheer-panel drapery, and striking light fixtures. The refreshed bathroom features new penny-tile flooring and a shower/tub combination with a beautiful mosaic-tile inlay. Off the kitchen is a dedicated laundry room with built-in shelving, a utility sink, and cabinetry. Outside, the backyard is a true retreat with new landscaping and a screened patio complete with a built-in BBQ and fireplace, ideal for year-round entertaining. Just beyond the patio, a vegetable garden adds a charming touch. In this backyard you will also enjoy mature fruit trees including mango, apple, lemon, fig, and peach. The property’s large lot and layout may also present an appealing opportunity for an ADU conversion, subject to buyer investigation and applicable approvals. A detached two-car garage includes a versatile bonus room, perfect for a gym, art studio, or home office. Significant upgrades include a new electrical system throughout (2016), roof (2017), HVAC (2018), windows (2019), sewer line (2021), appliances (2022), fresh interior and exterior paint (2026), and a new landscaping and irrigation system (2026). With upgrades like these, this property is ready for years of enjoyment. Ideally located with easy access to the 210 Freeway and just minutes from the restaurants, cafés, shops, parks, and year-round community events of Old Town Monrovia, this is an opportunity you won’t want to miss.

Features & Amenities

FeeBuilt 1946

Property Details

Land Type
Fee
Year Built
1946
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Central
Cooling
Central Air
View
Mountain(s)
Roof
Composition
City
Monrovia
Zip Code
91016
County
Los Angeles
Listed byUnknown Office, Will Kaliel

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$4,803.72
Principal & Interest
Loan Amount
$760,000
Total Interest
$969,338
Total Payment Over 30 Years
$1,729,338
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

740 West Colorado, Monrovia, CA 91016

Monrovia · Single Family Residence

$950K
Affordable Tier
Beds
2
Baths
1
Sqft
1,186
Lot
7,541 sqft
Year
1946
$/Sqft
$801
Pool: No✓
View: mountain✓
Garage: 2-car✓

Listed 5.7% above the median closed sale of $899,000.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $950K· $801/sqft
Total list price
Closed comps
vs closed median $899K
+$51K (+5.7%)
Active comps
vs active median $990K
−$40K (−4.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $839
−$38 (−4.5%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
857 Encino WayMonrovia1952321,3166,967$688$905,000183
116 Brisbane StreetMonrovia1948321,06410,323$930$990,000983
439 Montana StreetMonrovia1950321,3727,358$655$898,0003182
157 Madeline DriveMonrovia1967321,3946,512$789$1.10M11577
134 MelroseMonrovia1923229189,488$1,132$1.04M5576
Total: 5 · Average2.82.01,212.88,129.6$838.8$986,40042.2
Median1,316$990,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
721 ColoradoMonrovia194708/25/2026219736,858$823,000$840,000$8631.024893
845 OakdaleMonrovia194709/11/2026221,2787,026$899,888$899,888$7041.0010492
373 NorumbegaMonrovia195008/24/2026211,1296,093$799,999$790,000$7000.992089
2430 Treelane AvenueMonrovia194808/05/2026321,2248,982$1.05M$1.02M$8330.972688
612 King StreetMonrovia192709/29/2026211,1686,532$899,000$899,000$7701.006988
Total: 5 · Average2.21.41,154.47,098.2$889,777.6$889,777.6$774—53.4
Median1,168$899,000$899,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.