1306 W 1st Street, Monterey Park, California 91754, Monterey Park, 91754 - 0 bed, 0 bath
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Monterey Park, California 91754
This Value-Add Duplex Asset is listed at $845,000, positioned well below the $851,034 Fair Market Value by 1%. This valuation gap provides $6,034 in Instant Equity. With a Condition Rating of 5, the 1945-built units require modernization but offer a landscaped courtyard view and significant Development Potential on a combined 13,314 square foot lot. Located near East Los Angeles College and major freeways, the property ensures high rental demand. This is a strategic acquisition for Buy-and-Hold Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1306 W 1st Street Subject | $845,000* List Price | 0 | 0 | 1,540 | $553 | - |
A 413 413 W Riggin Sold | $990,000 | 4 | 2 | 1,768 | $560 | 0.8 mi |
B 1314 W 1st Street Active | $853,000 List Price | 0 | 0 | 1,540 | $554 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1945 with no evidence of major renovations in over 30 years. The interior features highly dated green shag carpeting, older kitchen cabinetry, and lacks central HVAC (utilizing window units and wall heaters). While functional for current tenants, the age of the systems and finishes indicates the property is due for a full rehab.
The property is part of a rare opportunity to acquire two adjacent parcels totaling over 13,000 square feet, offering significant upside for future expansion or high-density redevelopment.
With long-term tenants already in place and a strong payment history, this duplex provides immediate and reliable cash flow for the incoming investor.
Ideally situated near major freeways (5, 60, and 710) and East Los Angeles College, the location ensures high rental demand and excellent accessibility for commuters.
Built in 1945, the units may require modernization or more frequent maintenance to address aging infrastructure and systems compared to newer builds.
The necessity to purchase this property alongside an adjacent parcel increases the total capital requirement, which may limit the pool of potential buyers.
This well-maintained duplex has brand new exterior paint, featuring Unit #1302 and Unit #1306. Situated on a 6,874 sq. ft. lot with approximately 1,540 sq. ft. of living space. Each unit offers 2 bedrooms and 1 bathroom, living room and dining area. Unit #1302 features original hardwood flooring, Unit #1306 will have new carpet installed on June 12. Each unit includes its own washer and dryer for added convenience. The units are thoughtfully arranged around a beautifully landscaped courtyard garden, creating a peaceful and inviting atmosphere. The property also features a detached two-car garage with convenient alley access. Long-term tenants are currently in place, providing stable rental income with a strong payment history. Ideally located near Atlantic Blvd., the property offers quick access to Downtown Los Angeles and Freeways 5, 60, and 710. Shopping, dining, and East Los Angeles College are all just minutes away. This property may also be sold together with adjacent parcel APN 5251-030-007 (Units #1310 & #1314). Combined, both parcels offer an expansive 13,314 sq. ft. lot, presenting excellent opportunities for investors and future development potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,540 | 1,386 | 50% |
| Lot Size | 6,902 | 5,263.5 | 50% |
| Price | $845.0K | $855.0K | 50% |
| Price per sq ft | $549 | $625 | 50% |
| Built year | 1945 | 1947 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 88 | 50% |
May 3, 2026
$845,000
Initial Listing
Apr 8, 2014
$479,000
Public Record