1515 Lunar Drive, Monterey Park, California 91754, Monterey Park, 91754 - 3 bed, 3 bath
1515 Lunar Drive
Monterey Park, California 91754
Property Price
SUMMARY
Analysis of 1515 Lunar Drive, Monterey Park, California 91754 reveals a Prime Investment Opportunity with a current list price of $900,000—significantly undercutting the $935,036 Fair Market Value by 3%. This valuation gap indicates a +$35,036 Instant Equity potential for buyers. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Monterey Park Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1515 Lunar Drive Subject | $900,000* List Price | 3 | 3 | 1,795 | $521 | - |
A 1004 S Grandridge Sold | $940,000 | 3 | 2 | 1,755 | $536 | 1.0 mi |
B 1800 Fernbank Avenue Sold | $726,888 | 3 | 1 | 1,195 | $608 | 0.9 mi |
C 2058 Vancouver Avenue Sold | $860,000 | 3 | 2 | 1,393 | $617 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1957, the property is in largely original condition and requires substantial rehabilitation and modernization. The kitchen and bathrooms feature dated 1950s-era cabinetry, tile work, and vintage appliances that have exceeded their expected lifespan. The interior shows significant wear with outdated flooring, popcorn ceilings, and old fixtures, consistent with the listing's description that the home needs 'TLC and remodeling' to meet current living standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7714, living area = 1795.
- Great Schools
High School: Mark Keppel High School (9/10).
- Prime Location & Top-Tier Schools
Situated in the prestigious Monterey Park hills, the property is zoned for the highly-regarded Brightwood Elementary and Mark Keppel High School, offering significant long-term value and appeal for families.
CONSRISKS & DEFICIENCIES
- Significant Renovation Required
The property is explicitly noted as needing 'TLC and remodeling,' indicating that buyers will need to budget for substantial immediate repairs and modernization costs.
- Dated Infrastructure
Built in 1957, the home likely requires updates to its original systems and finishes to meet contemporary building standards and modern energy efficiency expectations.
About 1515 Lunar Drive
Location, location, location. This prestige property location the prime hills of City of Monterey Park; Brightwood Schools. The property has a gorgeous city view. The two story property features 3 bedrooms and 2.5 bathrooms. The 400+ SF loft can be 4th bedroom. 2 car garage and plenty of parking spaces. The property needs TLC and remodeling. Must see to appreciate.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- 7,714 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Monterey Park Unified Schools
Bella Vista Elementary School
Grades K-5 • 0.9 mi
Brightwood Elementary School
Grades K-8 • 0.3 mi
Macy Intermediate School
Grades 6-8 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 75% |
| Square foot | 1,795 | 1,404 | 73% |
| Lot Size | 7,714 | 7,335 | 60% |
| Price | $900.0K | $950.0K | 40% |
| Price per sq ft | $501 | $666 | 13% |
| Built year | 1957 | 1952 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 157 | 2% |
Pricing History
Listed for Sale
Feb 26, 2026
$900,000
Initial Listing