ATTENTION INVESTORS and DEVELOPERS! Zoned Residential Medium Zone (RM3500), this 8,003 square foot (per assessor) parcel is nestled in a charming and desirable residential neighborhood located four blocks from Historic Old Town Monrovia. The property currently holds a 5 bedroom/2 bath home which was constructed in 1922 and then later expanded to include a separate living quarters. Remodeling the existing structure, adding a legal 2nd unit, or tearing it down to rebuild may require city historic and design review approvals. The buyer should verify and satisfy themselves with the city regarding permits and the conditions for new construction or for a partial remodel. Only moments away from the Monrovia Library, Monrovia Library Park, San Gabriel Mountains, Metro Gold Line, shopping, great schools, Westfield Santa Anita. Los Angeles County Arboretum and Botanic Garden, Santa Anita Race Track, and Pasadena. Don't miss this opportunity to create a home ''Where Your Home Happens'.