2346 Fairgreen Avenue, Monrovia, CA 91016
2346 Fairgreen Avenue, Monrovia, CA 91016
Property Description
Income-Producing Property with Two Separate Residences in Monrovia! This property features two well-maintained homes on a 12,250 sq. ft. lot. The main residence offers 6 bedrooms, 3 bathrooms, and 1,850 sq. ft., and was built in 1947. The add-on was made in 2020. The separate ADU, built in 2020, offers 4 bedrooms, 2 bathrooms, and 1,200sq. ft. Separate gas, water, and electric meters, Solar Panels. The combined 10 bedrooms and 5 bathrooms can generate strong monthly rental income. This property is an excellent opportunity for investors, extended families, or buyers seeking income potentials in Monrovia.
Features & Amenities
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Monrovia · Single Family Residence
Listed 9.8% above the median closed sale of $1,630,000. Price per sqft ($587) is a 31% discount to closed comps ($846). Closed comps sold at 104% of list — strong seller's market. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1221 Magnis Street | Arcadia | 1953 | 6 | 4 | 2,882 | 11,130 | $642 | $1.85M | 61 | 87 |
| 2666 Fairgreen Avenue | Arcadia | 1950 | 7 | 4 | 2,565 | 11,914 | $682 | $1.75M | 61 | 85 |
| 305 Camino Real | Monrovia | 1949 | 8 | 4 | 2,582 | 9,240 | $678 | $1.75M | 61 | 82 |
| 2623 Fairgreen | Arcadia | 1951 | 3 | 3 | 2,262 | 11,900 | $706 | $1.60M | 79 | 75 |
| 800 Camino Real | Arcadia | 1957 | 3 | 2 | 1,743 | 7,592 | $900 | $1.57M | 67 | 68 |
| Total: 5 · Average | 5.4 | 3.4 | 2,406.8 | 10,355.2 | $721.6 | $1.70M | 65.8 | |||
| Median | 2,565 | $1.75M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 617 Encino Court | Arcadia | 1963 | 06/18/2026 | 4 | 2 | 2,466 | 10,429 | $1.80M | $1.83M | $743 | 1.02 | 30 | 74 |
| 2114 8th Ave | Arcadia | 1950 | 05/28/2026 | 3 | 3 | 2,198 | 9,428 | $1.82M | $1.84M | $837 | 1.01 | 63 | 73 |
| 2224 Hollis Lane | Arcadia | 1948 | 05/20/2026 | 4 | 4 | 1,780 | 7,550 | $1.45M | $1.58M | $888 | 1.09 | 23 | 67 |
| 308 Danimere Ave | Arcadia | 1950 | 07/03/2026 | 3 | 2 | 1,741 | 9,614 | $1.70M | $1.63M | $936 | 0.96 | 68 | 66 |
| 415 Alster | Arcadia | 1949 | 02/20/2026 | 4 | 2 | 1,968 | 8,564 | $1.47M | $1.63M | $826 | 1.11 | 38 | 66 |
| Total: 5 · Average | 3.6 | 2.6 | 2,030.6 | 9,117 | $1.70M | $1.70M | $846 | — | 44.4 | ||||
| Median | 1,968 | $1.63M | $1.63M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.