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506 North Magnolia, Monrovia, CA 91016

$1.90M3bd · 2ba · 2,323 sqft
Lot 77,931 sqft•Single Family Residence•
Active
•0d on market•MLS# AR-26235325

Property Description

Nestled on an expansive 77,907-square-foot lot, this versatile multi-structure compound offers an exceptional canvas brimming with value-add potential. The main residence features a spacious, sun-filled living room anchored by a cozy fireplace, paired with a formal dining room wrapped in walls of windows that bring the lush garden views inside. The functional galley kitchen comes fully equipped with new Bosch appliances (installed in 2022), complemented by updated shaker cabinetry, quartz countertops, and tiled flooring. A secondary den offers a warm retreat complete with its own fireplace, built-in storage, recessed lighting, and direct sliding-door access to the outdoors. Upstairs, the primary bedroom with an adjoining bath is accompanied by two additional bedrooms, a full hall bath, and a private balcony deck. A 445-square-foot flexible basement area presents an ideal opportunity for custom transformation into a wine cellar, home theater, or specialized storage space. Beyond the main house, the property’s expansive grounds unlock incredible possibilities for multi-generational living, creative workspace, or rental income streams, anchored by an impressive orchard of several dozen fruiting olive trees that are over 100 years old. A detached 250-square-foot cottage features high ceilings, its own private bathroom, and an independent mini-split heating and cooling system. Situated across the carport, a secondary large multi-purpose flex room includes a bathroom and dedicated laundry area, perfect for an artist studio, home gym, or executive office. Outdoor amenities include a covered patio ideal for al fresco entertaining, an above-ground pool, dedicated storage units, and ample uncovered parking across the tranquil, private grounds. Modern infrastructure updates add significant value, comfort, and energy efficiency throughout, including brand-new windows installed in 2026, a ducted heat pump HVAC system with separate units for the upstairs and downstairs (installed in 2022), and an owned 17kW solar system paired with 26kW battery backup storage.

Features & Amenities

FeeBuilt 1910

Property Details

Land Type
Fee
Year Built
1910
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
4
Garage Spaces
0
Heating
Central, Heat Pump
Cooling
Central Air, Zoned
View
Mountain(s), Peek-A-Boo
Flooring
Tile, Wood
City
Monrovia
Zip Code
91016
County
Los Angeles
Listed byKeller Williams Realty, Espi Bagwell

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$9,607.18
Principal & Interest
Loan Amount
$1,519,960
Total Interest
$1,938,625
Total Payment Over 30 Years
$3,458,585
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

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