1314 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 presents a High-Potential Investment Opportunity with a List Price of $853,000—positioned well below the $994,314 Fair Market Value by 14%. This valuation gap offers $141,314 in Instant Equity for buyers. While the property holds a Condition Rating of 4 with dated systems, it features stable rental income and significant development upside when combined with the adjacent parcel for a total of 13,314 square feet. This strategic asset is ideal for Buy-and-Hold Investors or Developers seeking long-term appreciation in a high-demand Monterey Park location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1314 W 1st Street Subject | $853,000* List Price | 0 | 0 | 1,540 | $646 | - |
A 413 413 W Riggin Sold | $990,000 | 4 | 2 | 1,768 | $560 | 0.8 mi |
B 1306 W 1st Street Active | $845,000 List Price | 0 | 0 | 1,540 | $549 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1945, the property is well-maintained but significantly dated, featuring green shag carpeting and older kitchen cabinetry/appliances. Systems are aged, with window AC units and wall heaters instead of central HVAC, indicating a need for cosmetic and system updates.
The property is part of a rare opportunity to acquire two adjacent parcels totaling 13,314 square feet, offering significant upside for future development or expansion in a high-demand area.
With long-term tenants already in place and a strong payment history, this duplex provides immediate and reliable cash flow for investors seeking a turnkey income property.
Ideally situated near the 5, 60, and 710 freeways and East Los Angeles College, the property ensures high tenant desirability and convenient access to shopping and dining.
The requirement to purchase this property together with the adjacent parcel increases the total acquisition cost and may limit the pool of buyers to those with higher capital reserves.
Built in 1945, the property may require more frequent maintenance or capital expenditures to modernize systems and maintain its long-term value compared to newer constructions.
This well-maintained duplex has brand new exterior paint, featuring Unit #1310 and Unit #1314. Situated on a 6,414 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 #1310 features original hardwood flooring. 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 three-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 5251-030-008 (Units #1302 & #1306). 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 | 6,414 | 5,019.5 | 50% |
| Price | $853.0K | $859.0K | 50% |
| Price per sq ft | $554 | $628 | 50% |
| Built year | 1945 | 1947 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 91 | 50% |
May 3, 2026
$853,000
Initial Listing
Apr 8, 2014
$479,000
Public Record