720 Ocean View, Monrovia, CA 91016

$1,188,000

Rare North Monrovia Craftsman Duplex with Additional Bonus Space! Situated in one of North Monrovia's most desirable neighborhoods, this charming 1922 Craftsman property offers character, versatility, and investment potential just moments from Canyon Park, hiking trails, the Wilderness Preserve, and vibrant Old Town Monrovia. Rich in architectural detail, the front… Read More residence welcomes you with a classic front gable accented by dental molding, wood siding, a spacious front porch, and attractive drought-tolerant landscaping. Inside, the one-bedroom, one-bath unit showcases timeless Craftsman features including hardwood flooring, crown molding, original built-in bookcases, abundant natural light, and a decorative fireplace with marble surround and wood mantel. A formal dining room adjoins the beautifully remodeled kitchen featuring subway tile backsplash, abundant cabinetry, stainless steel appliances, stainless sink, and updated flooring. The remodeled bathroom offers a frameless walk-in shower with subway tile surround, rain shower head, vessel sink vanity, and brushed nickel fixtures. Attached at the rear is a well-appointed studio unit featuring hardwood flooring, updated kitchen with subway tile and stainless steel appliances, remodeled bathroom, and window air conditioning. A separate laundry structure provides additional functionality with open beam ceilings, laminate flooring, and storage space. The expansive rear yard creates a private outdoor retreat with mature trees, lush lawns, and a spacious patio ideal for entertaining, relaxing, or enjoying Southern California's year-round climate. Adding even more flexibility, the detached garage has been converted into a finished, non-conforming bonus space that is not included in the property's square footage. This versatile area is all electric and features a kitchenette with abundant cabinetry and sink, an open steel beam ceiling, and a stylish 3/4 bath with green ceramic tile accents in the shower. This additional space offers a variety of potential uses for hobbies, guests, a home office, creative pursuits, or recreation with potential added income of $1600 a month. Parking for up to five vehicles is conveniently located off the rear alley. Both residential units are currently tenant occupied by excellent tenants paying market rents, creating immediate income for the next owner. A rare opportunity to own a character-rich income property in one of Monrovia's most sought-after locations. Read Less

Listing Snapshot

Days Online

Last Updated

Jul 22, 2026

Property Type

Duplex

Lot Size

0.21 Acres

Year Built

1922

MLS Number

AR26124600

Additional Details

Appliances & Equipment

Dishwasher, GasRange, Refrigerator

Building

Built in 1922, 1 building, Building faces North, 1 storey, Entry level: 1, Entry location: 1, Construction Materials: WoodSiding

Community

Foothills, Sidewalks, Park

Cooling

CentralAir, WallWindowUnits

Expenses

Gardener: $2,864, Insurance: $2,108, Maintenance: $1,422, Operating: $9,133, Trash: $805, Water/Sewer: $1,934

Fireplaces

Decorative, LivingRoom

Floors

Laminate, Vinyl, Wood

Foundation

Raised

Heating

Central

Income

Gross Income: $48,267, Gross ScheduledIncome: $55,800, Net Operating Income: $46,667

Interior Features

CrownMolding, RecessedLighting

Laundry

LaundryRoom

Lot

0.2067 acres, BackYard, FrontYard, Lawn, Landscaped, Level, NearPark, SprinklerSystem, StreetLevel

Parking

ConvertedGarage, OneSpace, SideBySide, Uncovered

Pool

None

Property

Mountains, Neighborhood

Roof

Composition

Sewer

PublicSewer

Taxes

Additional parcels description:, Parcel Number: 8518042006, Tax Block: B, Lot: 17

Tenant Pays

CableTv, Electricity, Gas, Telephone

Utilities

Water Source: Public, 2 separate gas meters

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