I finally decided to modify one of my portable Carbon Fiber Monopods. I specifically chose this Rokinon Carbon Fiber Monopod because it carries a max load of 22 lbs, collapses down to a mere 18", yet can extend to a max height of 65". Not to mention it was just $39 + Free Shipping at the time so I purchased 3 of them. Sorry you missed the deal as it's back up to $70.
Rokinon 65" Carbon Fiber Monopod with Carrying Case
I don't recommend this setup if you like to work with heavy gear, but for me this ultra light monopod combined with a swiveling tripod foot should work great when i'm working event coverage with the small and lightweight Panasonic GH3 + 12-35mm F/2.8 OIS lens.
TPD-2 TRIPOD LEG STAND FOR MOGOPOD
Here it is finished off with a small Benro Video Fluid Head. The whole system breaks down into three pieces at just 18". Stable, lightweight, and easy to pack.