117 Gladys Ave, Monterey Park, California 91755, Monterey Park, 91755 - bed, bath
ACTIVE UNDER CONTRACT$1,200,000
117 Gladys Ave, Monterey Park, California 91755
0Bed
0Bath
2,080Sqft
7,682Lot
Year Built
1957
Close
-
List price
$1.2M
Original List price
$1.3M
Price/Sqft
$577
HOA
-
Days on market
-
Sold On
-
MLS number
WS25242846
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.20M(50th), sqft - 2080(50th), beds - undefined(50th), baths - undefined(50th).
Price History
Date
Event
Price
12/11/25
Price Change
$1,200,000-6.2%
10/30/25
Price Change
$1,279,000-1.5%
10/19/25
Listing
$1,299,000
Condition Rating
Poor
Built in 1957, this quadruplex shows significant age and wear on its exterior, with visible older windows, security bars, and dated parking areas. The lack of interior images, combined with the property's age and the AI's assessment of 'outdated systems (plumbing, electrical)' and 'potential for deferred maintenance,' strongly suggests that substantial repairs and rehabilitation are needed. It's likely that major components and all interior finishes, including kitchens and bathrooms, are severely outdated and require significant capital expenditures for modernization, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Income-Generating Asset: As a quadruplex, this property offers significant potential for rental income, making it an attractive investment opportunity for steady cash flow.
Desirable Location: Located in Monterey Park, a well-regarded area in Los Angeles County, known for its strong rental demand and community amenities, enhancing property value and tenant appeal.
Generous Lot Size: The 7,682 sqft lot provides ample space, which could offer potential for outdoor amenities, additional parking, or future expansion possibilities (subject to zoning and permits).
Recent Price Adjustment: The property has seen a price reduction from $1.299M to $1.2M, indicating a motivated seller and potentially offering better value for prospective buyers.
Demonstrated Market Interest: The 'Active Under Contract' status confirms that the property has successfully attracted an offer, signaling market demand and desirability.
Cons
Property Age: Built in 1957, the property is over 60 years old, which may imply outdated systems (plumbing, electrical), potential for deferred maintenance, or the need for significant capital expenditures for modernization.
Limited Immediate Availability: Being 'Active Under Contract' means the property is not currently available for new offers, restricting immediate opportunities for interested buyers.
Unspecified Renovation Status: The lack of detailed information regarding recent renovations or the current condition of individual units suggests potential for substantial investment required to update interiors and maximize rental income.