121 Electric Avenue, Monterey Park, California 91754, Monterey Park, 91754 - 3 bed, 2 bath
ACTIVE UNDER CONTRACT$698,000
121 Electric Avenue, Monterey Park, California 91754
3Beds
2Baths
950Sqft
5,778Lot
Price Vs. Estimate
The estimated value ($736,185.325) is $38,185.325 (5%) higher than the list price ($698,000). This property may be underpriced.
Key pros and cons
Top Pros:
Prime Location & Accessibility: Nestled in one of Monterey Park’s most convenient neighborhoods, the property offers easy access to parks, schools, local shops, and major freeways connecting to downtown LA and the San Gabriel Valley.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Compared to the nearby listings
Price:$698.0K vs avg $956.5K ($-258,500)4%
Size:950 sqft vs avg 1,404 sqft10%
Price/sqft:$735 vs avg $67962%
More Insights
Built in 1928 (97 years old).
Condition: Built in 1928, this property is aged but shows signs of regular upkeep and some updates. The bathroom has been recently renovated with modern tiling and vanity, and mini-split AC units have been added. However, the kitchen is significantly outdated with older white appliances, laminate countertops, dated wooden cabinets, and an old fluorescent light fixture, requiring minor updates to meet current standards. The overall condition is functional but shows its age in key areas.
Year Built
1928
Close
-
List price
$698K
Original List price
$698K
Price/Sqft
$735
HOA
-
Days on market
-
Sold On
-
MLS number
AR25251088
Home ConditionFair
Features
View
About this home
Welcome to this charming single-family residence nestled in one of Monterey Park’s most convenient neighborhoods. Sitting on a spacious 5885 sq ft lot, it offers plenty of character, natural light, and everyday comfort. The main unit features a bright living area, functional kitchen, and two comfortable bedrooms. A bonus unit with its own entrance adds extra flexibility. Title shows 2 bedrooms and 2 bathrooms. The backyard is private, perfect for relaxing, or future ADU potential. Close to parks, schools, local shops, and easy freeway access to downtown LA and the rest of the San Gabriel Valley.
Condition Rating
Fair
Built in 1928, this property is aged but shows signs of regular upkeep and some updates. The bathroom has been recently renovated with modern tiling and vanity, and mini-split AC units have been added. However, the kitchen is significantly outdated with older white appliances, laminate countertops, dated wooden cabinets, and an old fluorescent light fixture, requiring minor updates to meet current standards. The overall condition is functional but shows its age in key areas.
Pros & Cons
Pros
Prime Location & Accessibility: Nestled in one of Monterey Park’s most convenient neighborhoods, the property offers easy access to parks, schools, local shops, and major freeways connecting to downtown LA and the San Gabriel Valley.
Flexible Living Space: The inclusion of a bonus unit with its own entrance provides significant flexibility for potential rental income, multi-generational living, or a dedicated home office/studio space.
Generous Lot with ADU Potential: Sitting on a spacious 5778 sq ft lot, the property offers ample private backyard space perfect for relaxation and explicitly highlights future ADU potential, adding significant value and expansion opportunities.
Charming Character: Built in 1928, this single-family residence boasts a charming character and abundant natural light, appealing to buyers seeking a home with historical appeal and unique personality.
Potential for Views: The property data indicates the presence of a view, which can enhance its appeal and provide a desirable aesthetic advantage, though specific details are not provided in the description.
Cons
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Compact Interior Square Footage: With only 950 sqft for 3 bedrooms and 2 bathrooms, the interior living space is relatively small, which may feel cramped for some buyers and limit functional space.
Age of Property & Undisclosed Updates: Built in 1928, the property's age suggests potential for outdated systems and the need for significant renovations or maintenance, as no major modern updates are specified in the description beyond a 'functional kitchen'.
Bedroom Count Discrepancy: There is a notable discrepancy in the bedroom count, with the property data listing 3 bedrooms while the description and title indicate 2 bedrooms, which requires clarification for potential buyers.