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$1,023,000
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Property Description
Unlock the possibilities at 307 E Olive Avenue, a classic 1918 triplex offering a rare chance to revive a true Monrovia charmer. The front residence is a charming Craftsman home featuring 3 bedrooms and 2 bathrooms, brimming with vintage character and architectural detail. Behind it are two additional 1-bedroom, 1-bath units, providing income potential or space for multi-generational living. Set on an expansive 8,000 square feet lot in the heart of Monrovia, this income-producing property blends vintage character. The property offers parking for up to 6 cars, a coveted amenity in this vibrant neighborhood. Just two blocks from vibrant Old Town Monrovia, enjoy boutique shopping, acclaimed dining, and lively Friday Night Street Fairs along Myrtle Avenue. Founded in 1887, Monrovia is celebrated as the fourth oldest city in Los Angeles County and is rich with architectural heritage. Outdoor enthusiasts will love nearby Monrovia Canyon Park, where oak-lined trails and cascading waterfalls showcase the natural beauty of the San Gabriel Mountains. The community has a highly regarded Monrovia Unified School District, including Wild Rose School of Creative Arts, Clifton Middle, and Monrovia High. Combining history, location, and multi-unit income potential, 307 E Olive Avenue presents an exceptional opportunity to restore and reimagine a piece of Monrovia's enduring charm.
Full Property Details
Full Property Details for 307 E Olive
General
- Sold For: $1,023,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SR25226060
- Added to Site: 113 day(s) ago
Interior
- Rooms/Areas: Kitchen, Walk-In Closet
- Fireplace(s): None
- Flooring: Carpet, Tile
Rooms
Other Rooms
- Laundry: Outside
Additional Information
- Pool Description: None
Parking
- Parking Features: Paved, On-Site, Oversized, Shared Driveway
- Parking: Paved, On-Site, Oversized, Shared Driveway
Location
- Area: 639 - Monrovia
- County: Los Angeles
- Development Name: 639 - Monrovia
- Driving Directions: Off of Myrtle and Olive.
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 3
- # Electric Meters: 3
Structural Information
- Foundation: Raised
- Roof: Shingle
- Entry Location: 1
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,079
- Year Built: 1918
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Property View: Mountain(s), Neighborhood
- Lot Size (Acres): 0.1837
- Lot Size Source: Appraiser
- Lot Description: 2-5 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $492.06
- Price Per Unit: 400000
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Schools
Schools serving 307 E Olive
School District:Monrovia Unified School District
| Name | Grades | Distance |
|---|---|---|
Wild Rose Elementary School 232 Jasmine Avenue, Monrovia, CA 91016 | K-5 | 0.4 mi |
Clifton Middle School 226 South Ivy Avenue, Monrovia, CA 91016 | 6-8 | 0.3 mi |
Monrovia High School 845 West Colorado Boulevard, Monrovia, CA 91016 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 307 E Olive
Date
Details
Price
Change
Source
12/04/2025
Sold
$1,023,000
-14.75%
MLS
9/25/2025
Listed
$1,199,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
307 E Olive, Monrovia, CA 91016 (MLS# SR25226060) is a Multi-Family property that was sold at $1,023,000 on December 04, 2025. This property was sold by Rick Cheng from our Arcadia Office.Want to learn more about 307 E Olive? Do you have questions about finding other Multi-Family real estate for sale in Monrovia? You can browse all Monrovia real estate or contact a Coldwell Banker agent to request more information.


