Performance indicators for the Monrovia short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Monrovia.
Loading top listings...
Challenging to Investors
Monrovia permits STRs under state law and follows a normal business‑license pathway, but the city lacks a published STR ordinance, so zoning/TOT/registration requirements and enforcement specifics remain unclear and must be individually confirmed with Planning, Business Licensing, and Finance, raising compliance risk.
Local STR Agent
STR specialist · Monrovia, CA
Monrovia is a city in the San Gabriel Valley of Los Angeles County, California, with a population of approximately 36,000 residents. Set against the southern slopes of the San Gabriel Mountains, the city combines a small-town feel with easy access to metropolitan Los Angeles, located roughly 20 miles northeast of downtown. Long recognized for its tree-lined streets, historic architecture, and walkable downtown, Monrovia serves as a popular base for visitors exploring both the natural beauty of the San Gabriels and the cultural attractions of greater Los Angeles. It is also one of the oldest cities in the valley, having incorporated in 1886, and much of that early character is still visible in its preserved commercial core.
The heart of the community is Old Town Monrovia, a revitalized historic district along Myrtle Avenue lined with independently owned restaurants, coffeehouses, antique stores, and breweries. The area is especially lively on weekends, when the weekly Friday night family festival and the weekend farmers market draw visitors from across the region. Within just a few blocks, guests can stroll past early-twentieth-century storefronts, sample international cuisine, and browse boutiques, all on foot from most parts of the city.
Just north of the residential neighborhoods, Monrovia Canyon Park offers a quick escape into the Angeles National Forest without ever leaving city limits. The park's paved road climbs into a narrow canyon shaded by oaks and sycamores, opening onto roughly 5 miles of hiking trails, picnic areas, and a seasonal waterfall at the end of the main path. Visitors can reach the trailhead in about 10 minutes from downtown Monrovia, making it a favorite for early-morning hikes and family outings.
A short drive west brings travelers to The Huntington Library, Art Museum, and Botanical Gardens in nearby San Marino, one of Southern California's most celebrated cultural destinations. About 15 minutes from Monrovia, the property spans more than 100 acres and includes world-class art collections, rare manuscripts, and themed gardens ranging from a Japanese garden to a desert conservatory. Just a few miles further, the racetrack, shopping centers, and restaurants of Arcadia round out the immediate recreational mix, while the broader San Gabriel Valley offers additional options in every direction.
Monrovia's appeal as a short-term-rental market lies in this balance of small-town charm and regional connectivity. Guests can spend a morning hiking in the San Gabriels, an afternoon browsing Old Town, and an evening catching a concert or game in Pasadena or downtown Los Angeles, all without long drives. For travelers who want a quieter, more residential alternative to staying in central LA, while still being within easy reach of beaches, theme parks, and mountain trails, Monrovia offers a particularly well-rounded base.