531 W Walnut
Monrovia, CA, 91016
$988,000
MLS: AR26073428
Beds
4
Baths
3
Sq Ft
1,755
Lot
0.12 ac
Year Built
1924
MLS #
AR26073428
Days on Market
1
Listed
Apr 21, 2026
Description
A charming California bungalow in a sought-after Monrovia location, blending classic character with thoughtful updates and a versatile layout. Light-filled throughout, the home features hardwood flooring and an inviting flow from the living room to the dining area and into the kitchen, creating a warm and connected living space. The kitchen has been refreshed with new vinyl flooring and a dishwasher, along with a cozy breakfast nook for everyday dining. The main residence offers four bedrooms, includes a flexible office or den, ideal for working from home or additional living space. The spacious primary bedroom includes a ceiling fan and French doors that open directly to the backyard, enhancing indoor-outdoor living. A standout feature is the separate in-law suite or potential rental unit, complete with its own private entrance, offering excellent flexibility for extended family, guests, or income potential. Additional highlights include a fireplace in the living room, and a tankless water heater. Per the previous owner, the home was rebuilt in 1990. Conveniently located near Old Town Monrovia, with close proximity to popular dining, shopping, parks, and local amenities, this home offers both charm and practicality in a prime setting.
Location
Monrovia, Los Angeles County, CA 91016
Open on Google Maps ↗Listed by: Ash Rizk · Coldwell Banker Realty
Payment estimate
$7,163
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $98,800 · Loan: $889,200
- Principal & Interest
- $5,463
- Property tax (1.25%)
- $1,029
- Homeowners insurance
- $300
- Mortgage insurance
- $371
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Monrovia home with as little as 3.5% down using an FHA loan — roughly $34,580 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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