11834 Kerrwood Street, El Monte, California 91732, El Monte, 91732 - 2 bed, 2 bath
ACTIVE$775,000
11834 Kerrwood Street, El Monte, California 91732
2Beds
2Baths
700Sqft
6,571Lot
Price Vs. Estimate
The estimated value ($547,242.73) is $227,757.27 (29%) lower than the list price ($775,000). This property may be overpriced.
Key pros and cons
Top Pros:
ADU Development Potential: ADU paperwork has been submitted to the City of El Monte, with preliminary plans reviewed and stamped, indicating a strong potential for future rental income or expanded living space.
Top Cons:
Significant Overpricing: The current list price of $775,000 is substantially higher than the estimated property value of $547,242.73, indicating a potential overvaluation of approximately 29%.
Compared to the nearby listings
Price:$775.0K vs avg $811.5K ($-36,500)35%
Size:700 sqft vs avg 1,516.5 sqft5%
Price/sqft:$1.1K vs avg $53595%
More Insights
Built in 1947 (78 years old).
Condition: Built in 1947, this property shows significant signs of age and a lack of major renovations for several decades. The kitchen features visibly dated cabinets, old tile flooring, and an older built-in microwave, indicating a need for substantial modernization. The presence of window AC units suggests an outdated cooling system. While the property appears livable, its overall condition, including dated fixtures and finishes throughout, would require extensive rehabilitation to meet current standards and comfort expectations. The listing's focus on ADU potential rather than the existing structure's condition further supports this assessment.
Year Built
1947
Close
-
List price
$775K
Original List price
$775K
Price/Sqft
$1,107
HOA
-
Days on market
-
Sold On
-
MLS number
CV25105318
Home ConditionPoor
Features
Patio
View-
About this home
Great Opportunity to Own a Nice Property with A Huge Potential in North SIDE OF THE 10 FREEWAY IN El Monte. .............................{{{{{{{....ADU....PAPERWORK ....}}}}}}......HAS BEEN SUBMITTED TO THE CITY OF EL MONTE, AND PRELIMINARY PLANS HAVE BEEN REVIEWED AND STAMPED AND HAVE NOW SCALED UP TO THE NEXT DEPARTMENT. ... (If ADU, is approved the asking price will increase, so buy it now before it's too late.)
Condition Rating
Poor
Built in 1947, this property shows significant signs of age and a lack of major renovations for several decades. The kitchen features visibly dated cabinets, old tile flooring, and an older built-in microwave, indicating a need for substantial modernization. The presence of window AC units suggests an outdated cooling system. While the property appears livable, its overall condition, including dated fixtures and finishes throughout, would require extensive rehabilitation to meet current standards and comfort expectations. The listing's focus on ADU potential rather than the existing structure's condition further supports this assessment.
Pros & Cons
Pros
ADU Development Potential: ADU paperwork has been submitted to the City of El Monte, with preliminary plans reviewed and stamped, indicating a strong potential for future rental income or expanded living space.
Strategic Location: Located on the 'North SIDE OF THE 10 FREEWAY IN El Monte,' which is often considered a desirable and accessible area within the city.
Generous Lot Size: The property boasts a substantial 6571 sqft lot, offering ample outdoor space for landscaping, expansion, or recreational activities.
Favorable Bathroom Count: With 2 bathrooms for 2 bedrooms, the property provides a good ratio of facilities, enhancing comfort and functionality for its size.
Immediate Investment Opportunity: The listing explicitly notes that the asking price will increase once the ADU is approved, presenting a strategic buying opportunity for early investors.
Cons
Significant Overpricing: The current list price of $775,000 is substantially higher than the estimated property value of $547,242.73, indicating a potential overvaluation of approximately 29%.
Compact Living Space: The main dwelling offers a relatively small living area of 700 sqft, which may be a limiting factor for buyers seeking more spacious accommodations.
Age of Property: Built in 1947, the home is an older construction, which may necessitate updates to major systems or general renovations to meet modern standards and avoid potential deferred maintenance.