1221 S Magnolia AVE Monrovia, CA 91016

Rare Monrovia 4plex located on a huge 21,262 square foot flag lot. Property located 2 minutes to Downtown Monrovia. Property consists of a main 4+3 VACANT Single Family Home with a private pool and backyard, a separate 2br 1bath house, and a duplex with two 1br 1 bath units. The main 4+3 house was built in the 1980's. The home was constructed as 2 units but is currently operating as a SFR with laundry hookups and 2 fireplaces and 2 kitchens. May be a good ADU candidate to create 2 units or do a complete remodel and have a large 2100 square foot home with a private backyard, 2 fireplaces, Central Heat/Air, and a private pool and patio. Monrovia does not have local Rent Control but property is subject to AB1482 which currently allows approximately 8% rent annual increases. Property has 6 covered carport spaces plus a 2 car garage. Units have laundry hookups.