121 N Mcpherrin Avenue 105, Monterey Park, California 91754, Monterey Park, 91754 - 2 bed, 2 bath
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Monterey Park, California 91754
This Senior-Living Condominium is a High-Potential Investment Opportunity, listed at $558,000—positioned above the $485,293 Fair Market Value. While the price reflects a premium, the property offers a Condition Rating of 4, featuring a spacious floor plan and an Oversized Private Patio rare for this segment. Located in a prime Monterey Park community near Top-Rated Mark Keppel High School, it provides a stable, walkable lifestyle for seniors. This is an ideal acquisition for Downsizing Retirees or Owner-Occupants seeking a turnkey, community-focused residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 121 N Mcpherrin Avenue 105 Subject | $558,000* List Price | 2 | 2 | 949 | $511 | - |
A 111 Marguerita Sold | $400,000 | 2 | 2 | 793 | $504 | 0.6 mi |
B 421 S Garfield 10 Sold | $530,000 | 2 | 2 | 979 | $541 | 0.4 mi |
C 305 N Baltimore Avenue C Sold | $625,000 | 3 | 3 | 1,307 | $478 | 0.2 mi |
D 421 S Garfield 79 Pending | $530,000 List Price | 2 | 2 | 979 | $541 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1999, making it 25 years old. While the interior is very clean and features fresh paint, the kitchen remains dated with original light wood cabinetry and older appliances. Based on the age (>20 years) and the original condition of the primary systems and kitchen, it requires modern updates to meet current standards.
High School: Mark Keppel High School (9/10).
Situated in the heart of Monterey Park, this unit offers exceptional walkability to grocery stores, restaurants, and the Langley Senior Center, catering perfectly to an active senior lifestyle.
The rare, oversized ground-level patio provides a significant outdoor living area for gardening or social gatherings, a premium feature that distinguishes this unit from typical condominiums.
As a 62+ senior community, the property has a restricted buyer pool, which limits the market for potential purchasers and may impact future resale liquidity.
The property lacks any significant views, with windows primarily overlooking the interior courtyard, which may be a drawback for buyers seeking natural vistas or open horizons.
Desirable ground-level senior (62+) condo with a large private patio, located in the heart of Monterey Park. This bright and spacious 2-bedroom, 2-bath home is situated in the well-known McPherrin Villa Senior Community. The inviting floor plan features a large living room, dining area, and spacious kitchen with a window overlooking the peaceful courtyard. The primary suite offers an en-suite bathroom and a large closet, while the second bedroom is also generously sized. The unit is well maintained and features fresh interior paint. Enjoy the oversized private patio, perfect for gatherings, entertaining, or simply relaxing outdoors. A convenient laundry closet is located on the patio. The community also offers a meeting and entertainment room for parties and social gatherings. Conveniently located just steps from the elevator with easy access to the parking garage. Close to grocery stores, restaurants, parks, and the Langley Senior Center. A wonderful opportunity to enjoy comfortable and joyful senior living in a prime Monterey Park location
No exterior & parking available.
Grades K-8 • 0.1 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 949 | 1,149.5 | 25% |
| Lot Size | 19,463 | 75,533.5 | 33% |
| Price | $558.0K | $627.5K | 42% |
| Price per sq ft | $588 | $556 | 58% |
| Built year | 1999 | 2000 | 50% |
| HOA | $320.0 | $360 | 38% |
| Days on market | 13 | 146 | 4% |
May 24, 2026
$558,000
Initial Listing