The literature on LB films from 1999 up to the present is reviewed focusing on the conductivity and magnetism of such films. Problems inherent to two dimensions plague both areas. In low dimensions, the effects of disruptions in structure are magnified. Defects that break structural or physical property coherence cannot be circumvented. For conducting films, the result is that the macroscopic conductivity is usually lower than the local structure would suggest. For magnetic films, low dimension and limited structural coherence can give rise to glassy behavior. Nevertheless, available data significantly contribute to the advancement of the understanding of the factors governing conductivity and magnetic properties in molecule-based monolayers.