2547 Treelane Ave, Monrovia, CA 91016

$1,390,000 Asking Price

4 beds
3 baths
2,404  sqft
Built in 1947

A Hidden Gem for Living or Investment! Appreciation Potential with possible two ADUs! This property is located in the historically rich and culturally vibrant city of Monrovia, adjacent to prestigious Arcadia. It’s just minutes away from shopping mall and various amenities. The home is situated in a top-rated school district with a 10/10 high school, making it highly desirable for children and families. Nestled in a quiet neighborhood, the property features a spacious front yard, newly planted with trees, which will soon create a private green oasis. This property exemplifies classic American architecture, with distinctive bay windows that add depth and elegance to the exterior. Inside, you can relax by the window with a book or a cup of coffee. The elegantly designed glass panes cast dreamy, enchanting light patterns throughout the interior. Upon entering, you’ll find well-defined spaces, including a foyer, dining area, main living room, and bathroom, each designed for specific purposes such as entertaining guests, family gatherings, and dining. The second floor offers three spacious bedrooms and two bathrooms, providing ample living space for the family. The property sits on a corner lot of 10,000 square feet, offering a unique advantage: the potential to divide it into two independent lots with separate entrances. The most attractive feature is the huge potential to build two ADUs—yes, two! The architect has already completed two complete architectural plans ready for review: One 1,198 sq. ft. 3-beds, 3-baths ADU and another 500 sq. ft. 2-beds, 1-bath JADU. These plans will be a bonus with the sale, offering significant savings in time and costs for the new owner. The house has just undergone a comprehensive renovation by a professional construction team. Several towering trees were removed to eliminate safety hazards, the exterior walls were freshly painted, new flooring was installed, and new doors and windows were replaced downstairs, giving the house a completely refreshed appearance. This rare opportunity is offered at $1.39 million, leaving plenty of room for future appreciation. The property is being sold as-is, and buyers are encouraged to independently verify all the information with the relevant authorities.

Features & Amenities

Interior

General:
Bedroom on Main Level,Main Level Primary
Appliances:
Gas Oven,Gas Water Heater,Water Heater
Laundry:
Washer Hookup
A/C:
true, Central Air,Gas
Fireplace:
None

Exterior

General:
None
Pool:
None
Parking:
Garage Faces Front,Garage, Parking spaces: 2

Construction

Roofing:
Composition
Windows:
Bay Window(s)
General:
Frame, 2, Raised

Location

Road/Access:
City Street
HOA Amenities:
0.0
Originating MLS:
CRMLS
School District:
Monrovia Unified
County:
Los Angeles

Lot

Zoning:
LCR171/2, 8510028021
View:
Neighborhood, View
Fencing:
Average Condition,Wood

Utilities

Utilities:
Electricity Available,Water Available, Standard
Water:
Public
Sewer:
Public Sewer

Financial

Source:
CRMLS

This listing courtesy of:
Pinnacle Real Estate Group, Xiaodong Liu

About Monrovia, CA

Housing

Number of Units
15,905
Median Home Value
$692,694
Median Rent
$1,580

50.66% of housing units are renter occupied.

4.49% are vacant.

Commute

Car
60.90%
Public Transportation
2.28%
Walk to Work
0.94%
Work from Home
34.45%
Other
0.89%

The median travel time to work is 23 minutes.

People

Population
41,235
Median Age
39.80
Median Household Size
2.90

Education

High School
19.89%
Associate’s Degree
8.32%
Bachelor’s Degree
25.58%
Graduate Degree
15.24%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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