130 132 Elizabeth Avenue, Monterey Park, California 91755, Monterey Park, 91755 - bed, bath
ACTIVE$1,500,000
130 132 Elizabeth Avenue, Monterey Park, California 91755
0Bed
0Bath
2,765Sqft
12,419Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income Potential: The property is a duplex, offering immediate income potential from two separate units.
Top Cons:
Age of Property: The property was built in 1920 and 1938, which may require updates or renovations to meet modern standards.
Compared to the nearby listings
Price:$1.50M vs avg $1.45M (+$50,000)50%
Size:2,765 sqft vs avg 6,119 sqft50%
Price/sqft:$542 vs avg $34550%
More Insights
Built in 1920 (105 years old).
Condition: The property consists of two units built in 1920 and 1938. The images show aged kitchens and bathrooms with outdated styles and appliances. While the property appears to be maintained, it requires updates to meet modern standards. Given the age and visible condition, a 'fair' rating is appropriate.
Year Built
1920
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$542
HOA
-
Days on market
-
Sold On
-
MLS number
WS24203739
Home ConditionFair
Features
Patio
View-
About this home
Location! Location! Introducing a highly desirable location, 2 units income property in prime location of Monterey Park. This duplex features 3 bedrooms and 2 bathrooms in front unit, per assessor living space is 1172sqft., year built 1920. Back unit features 3 bedrooms and 2 bathrooms, per assessor living space is 1593sqft., year built 1938. The property spans a total of 2765 building square foot on a huge lot size of 12,419 square foot. With a long driveway and ample of parking spaces. Great lot size for many potentials and on a R2 lot. It is conveniently close to restaurants, schools, banks, markets, parks, public transportation, easy access to freeways.
Condition Rating
Fair
The property consists of two units built in 1920 and 1938. The images show aged kitchens and bathrooms with outdated styles and appliances. While the property appears to be maintained, it requires updates to meet modern standards. Given the age and visible condition, a 'fair' rating is appropriate.
Pros & Cons
Pros
Income Potential: The property is a duplex, offering immediate income potential from two separate units.
Large Lot Size: The expansive 12,419 sqft lot provides ample space for potential expansion or development, especially given the R2 zoning.
Prime Location: Located in a highly desirable area of Monterey Park, close to amenities like restaurants, schools, and transportation.
Cons
Age of Property: The property was built in 1920 and 1938, which may require updates or renovations to meet modern standards.
Potential Renovation Needs: Depending on the current condition, the property may require renovations to maximize its rental income potential or market value.