
Monterey Park, California 91754
This Spacious Multi-Generational Residence is a Strong Value Opportunity, listed at $949,000—positioned well below the $966,372 Fair Market Value by 1.8%. This valuation gap offers $17,372 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes a Remodeled Granite Kitchen and modern HVAC. The detached garage provides significant ADU Conversion Potential on a 5,907-square-foot lot. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in-ready home with long-term growth potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1941 Fernbank Avenue Subject | $949,000* List Price | 5 | 2 | 1,875 | $518 | - |
A 211 W Markland Drive Sold | $1,080,000 | 4 | 3 | 1,900 | $568 | 0.4 mi |
B 1805 Cliffhill Sold | $930,000 | 3 | 2 | 1,936 | $480 | 0.2 mi |
C 633 W Gleason Street Sold | $845,000 | 3 | 3 | 1,738 | $486 | 0.8 mi |
D 637 W Fernfield Sold | $938,800 | 4 | 2 | 1,466 | $640 | 0.8 mi |
E 807 W Fernfield Drive Sold | $920,000 | 3 | 2 | 1,558 | $591 | 1.0 mi |
F 501 Almora Street Active | $1,100,000 List Price | 3 | 2 | 1,816 | $606 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1950, the property has undergone significant renovations within the 5-15 year range. Updates include a remodeled kitchen with granite countertops, renovated bathrooms, new laminate flooring, and the installation of a modern mini-split HVAC system. The home is well-maintained and move-in ready.
The rare 5-bedroom configuration, featuring 3 bedrooms on the main level and 2 upstairs, provides an ideal setup for large families or multi-generational living.
The home features significant upgrades including a remodeled kitchen with granite countertops, renovated bathrooms, and fresh interior paint, minimizing immediate post-purchase costs.
The detached two-car garage and spacious gated lot offer a prime opportunity for an Accessory Dwelling Unit (ADU) conversion to increase property value or generate rental income.
With 5 bedrooms but only 2 bathrooms, the property may face functional challenges and high demand for facilities during peak hours for a full household.
Built in 1950, the home may require more frequent maintenance or future updates to underlying mechanical and structural systems typical of properties from this era.
Nestled in a desirable and quiet neighborhood in the City of Monterey Park, this beautifully maintained home offers the perfect combination of comfort, space, and convenience. An elegant front porch and custom-designed front landscaping create a warm and inviting first impression. Situated on an approximately 5,907-square-foot lot, this spacious residence features approximately 1,875 square feet of living space with 5 bedrooms and 2 bathrooms. The functional floor plan includes 3 bedrooms on the main level and 2 bedrooms upstairs, making it ideal for multi-generational living or a growing family. The bright and airy living room welcomes abundant natural light, while the cozy family room provides the perfect gathering space for family and friends. The remodeled kitchen features granite countertops, ample cabinetry, and generous workspace, complemented by tastefully renovated bathrooms and fresh interior paint. Laminate flooring extends throughout the home, creating a clean and modern look. The gated property includes a detached two-car garage, offering everyday convenience and excellent potential for a future ADU conversion (buyer to verify with the City). The spacious backyard provides endless possibilities for gardening, outdoor entertaining, family activities, or simply relaxing in your own private retreat. Conveniently located near schools, parks, shopping, supermarkets, restaurants, and public transportation, this move-in-ready home presents an outstanding opportunity to own in one of Monterey Park's most sought-after neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.3 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,875 | 1,713.872 |
| Lot Size | 5,907 | 7,587.426 |
| Price | $949.0K | $1.00M |
| Price per sq ft | $506 | $653 |
| Built year | 1950 | 1957 |
| HOA | $0 | $220 |
| Days on market | 41 | 47 |
Jul 30, 2026
$949,000
Initial Listing