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320 W Lemon Ave, Monrovia, CA 91016

Sale Price: $825,000
Jul 7, 2025780 sqft2 beds1 baths
Listed by: Brian Sprock
License #: 01222699
Phone #: (626) 233-3322
Sotheby's International Realty, Inc.
Source:
CRMLS Logo
MLS #: P1-23097

Property Description

Discover the rare opportunity to own property in one of Monrovia's most sought-after neighborhoods. Nestled on a charming, tree-lined street just 2.5 blocks from the vibrant shops, award-winning restaurants, coffee houses, and boutiques of Old Town Monrovia, this property combines convenience, character, and long-term potential in an unbeatable location.The home sits on a generous 8,624 sq ft lot with valuable alley access, offering incredible flexibility for homeowners, investors, and developers alike. Whether you're looking to restore and personalize the existing home, expand the footprint, or explore the potential for an accessory dwelling unit (ADU)--buyer to verify--this property provides a blank canvas for your vision.The existing residence features 2 bedrooms, 1 bathroom, and 804 sq ft of living space with charming turn-of-the-century architecture, perfect for those seeking historic character with room for modern updates. Additional highlights include the expansive lot size, ideal for future development, additional parking, or private outdoor space, along with its prime location near highly-rated schools, Rotary Park, Library Park, and the popular Recreation Park with a skatepark, baseball fields, community center, Boys & Girls Club, and the Monrovia Historical Museum.For upscale buyers, the neighborhood's established charm, walkability, and proximity to dining and entertainment make this an attractive long-term investment. For investors and developers, the large lot, alley access, and ADU potential offer prime redevelopment opportunities in a high-demand area. For first-time buyers, this is a rare chance to enter the Monrovia market and create a home tailored to your style and needs.Don't miss the opportunity to secure a property with location, flexibility, and future value in one of the San Gabriel Valley's most desirable communities.Schedule your private tour today and unlock the full potential of this unique Monrovia property.
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$10,677

TurboHome Estimated Value

$730,400

$936 sqft

High Valuation
$766,920
$983/sqft
Normal Valuation
$730,400
$936/sqft
Low Valuation
$693,880
$890/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$936/sqft$730,400

Neighborhood

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Comparative Value

$730K

$749K

$800K

$825K

$831K

247 W Lime Ave, Monrovia, CA 91016

Sale Price: $730,000

Selected Comparable

320 W Lemon Ave, Monrovia, CA 91016

List Price: $749,000

Subject Property

420 W Palm Ave, Monrovia, CA 91016

Sale Price: $750,000

Selected Comparable

220 S Mayflower Ave, Monrovia, CA 91016

Sale Price: $800,000

Selected Comparable

320 W Lemon Ave, Monrovia, CA 91016

Sale Price: $825,000

Selected Comparable

402 Linwood Ave, Monrovia, CA 91016

Sale Price: $831,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
320 W Lemon Ave, Monrovia, CA 91016

320 W Lemon Ave, Monrovia, CA 91016

List: $749,000

Listed: 7/7/2025

Area:780 sqft
Price/sqft:$960
Beds:2
Baths:1
Year Built:
Lot Size:8,002

Comparable Properties

COMPARABLE
Choose comps
320 W Lemon Ave, Monrovia, CA 91016

320 W Lemon Ave, Monrovia, CA 91016

Sale: $825,000

8/1/20250.00 mi

Area:780 sqft
Price/sqft:$1,058
Beds:2
Baths:1
Year Built:
Weight:22.7%
220 S Mayflower Ave, Monrovia, CA 91016

220 S Mayflower Ave, Monrovia, CA 91016

Sale: $800,000

7/3/20250.27 mi

Area:824 sqft
Price/sqft:$971
Beds:2
Baths:1
Year Built:
Weight:21.0%
247 W Lime Ave, Monrovia, CA 91016

247 W Lime Ave, Monrovia, CA 91016

Sale: $730,000

9/13/20240.12 mi

Area:800 sqft
Price/sqft:$913
Beds:2
Baths:1
Year Built:
Weight:19.6%
402 Linwood Ave, Monrovia, CA 91016

402 Linwood Ave, Monrovia, CA 91016

Sale: $831,000

6/19/20250.25 mi

Area:952 sqft
Price/sqft:$873
Beds:2
Baths:1
Year Built:
Weight:18.5%
420 W Palm Ave, Monrovia, CA 91016

420 W Palm Ave, Monrovia, CA 91016

Sale: $750,000

2/28/20250.20 mi

Area:920 sqft
Price/sqft:$815
Beds:2
Baths:1
Year Built:
Weight:18.2%

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