509 Fano ST Pending

Monrovia,CA 91016

$ 878000

1 Bed

1 Bath

784 SqFt


Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Square Footage 784 sqft

Price per Sqft $1,119

MLS Listing ID SR25061316

Bedrooms 1

Full Baths 1

Year Built 1934

Lot Size 8,258 Sqft

Property Sub-Type Single Family Residence

Property Description

Builder's Delight! Rare Opportunity with Room to Expand – Zoned for Up to 4 Units + Jr. ADU

Welcome to this charming 1-Bedroom + Loft Cottage-style home, set on a generous 8,259 sq ft lot in Monrovia's Residential M/H zoning area—offering incredible potential for builders, investors, and homeowners alike. Per the Monrovia city planner, this property allows for a total of 4 units plus 1 Junior ADU, making it a fantastic opportunity to live in, rent out, or develop additional units while enjoying rental income from the existing home.

Built in 1934, this cozy 784 sq ft residence blends historic charm with modern possibilities. Inside, you'll find a welcoming living area leading into a functional kitchen, along with a versatile loft space—ideal for a home office, guest area, or additional storage. A 2-car tandem garage provides ample parking and extra storage.

Step outside and experience the sprawling backyard, featuring a stunning jasmine pergola, a mature pecan tree offering shade and privacy, and vibrant Milkweed flowers that attract monarch butterflies. Whether you envision a lush garden, outdoor entertaining space, or future development, this expansive lot offers endless opportunities.

Located in an up-and-coming neighborhood, this property presents the perfect blend of vintage appeal and future investment potential. Don't miss out on this rare chance to build, expand, or simply enjoy a spacious backyard retreat!

Schedule your viewing today!

Location

State CA

County Los Angeles

Area 639 - Monrovia

Zoning MORM*

Interior

Heating Central,Fireplace(s)

Cooling Central Air,Electric

Fireplaces Type Gas,Living Room

Inclusions Jasmine pergola on back porch

Laundry Washer Hookup,Gas Dryer Hookup,Inside,In Kitchen,Laundry Room

Exterior

Parking Features Garage Faces Front,Garage

Garage Spaces 2.0

Garage Description 2.0

Fence Wood

Pool None

Community Features Biking,Dog Park,Foothills,Hiking,Mountainous,Park,Street Lights,Sidewalks,Valley

View Y/N Yes

View Mountain(s)

Building

Lot Description Back Yard,Front Yard,Garden,Landscaped,Rectangular Lot,Yard

Dwelling Type House

Story 1

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Monrovia Unified

Others

Acceptable Financing Cash,Conventional,1031 Exchange,FHA

Listing Terms Cash,Conventional,1031 Exchange,FHA

Special Listing Condition Standard

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