
Monterey Park, California 91754
This property presents a High-Potential Investment Opportunity with a List Price of $899,999—positioned slightly above the $882,746 Fair Market Value. While the home maintains a Condition Rating of 5, its 1,640 sqft footprint on an expansive 7,712 sqft corner lot provides significant upside for value-add renovations. The detached garage with a workshop and mature landscaping offer rare utility in Monterey Park. This is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking to modernize a classic 1950s asset through comprehensive interior rehabilitation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1944 S Mcpherrin Subject | $899,999* List Price | 3 | 2 | 1,640 | $550 | - |
A 2147 Divine Sold | $810,000 | 4 | 2 | 1,304 | $621 | 0.2 mi |
B 209 W Markland Drive Sold | $825,000 | 3 | 2 | 1,423 | $580 | 0.6 mi |
C 608 W Markland Sold | $700,000 | 3 | 1 | 1,026 | $682 | 0.4 mi |
D 325 W Markland Drive W Sold | $685,000 | 3 | 1 | 1,067 | $642 | 0.4 mi |
E 312 W Markland Drive Active Under Contract | $850,000 List Price | 4 | 2 | 1,552 | $548 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1950 and explicitly described as being in 'original condition,' this 74-year-old property has had no significant renovations. The kitchen and living areas feature heavily dated wood paneling, original tile, and aged wallpaper. While well-loved, the home requires a comprehensive rehab of the kitchen, bathrooms, and likely the original systems to be considered modern and functional.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7712, living area = 1640.
The property features mature, cloud-pruned Japanese Black Pine trees and a variety of fruit trees, creating a serene and professionally landscaped garden setting.
Situated on a large corner lot of approximately 8,000 square feet, the property offers significant outdoor living space, a large courtyard, and potential for future expansion.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7712, other record lot size in square feet = 7776.
Built in 1950 and largely in its original state, the home requires a full renovation to meet modern aesthetic and functional standards.
As a fixer opportunity, buyers will need to budget for substantial immediate investments in upgrades and repairs beyond the purchase price.
Rare Opportunity in Monterey Park! Nestled in one of Monterey Park's desirable neighborhoods, this well-loved single-story home offers approximately 1,640 square feet of living space on an expansive approximately 8,000 square feet corner lot. Featuring 3 bedrooms and 2 bathrooms, this home has been lovingly maintained and remains largely in its original condition, presenting an exceptional opportunity to renovate, personalize, and create your dream home. The inviting front yard showcases five mature, cloud-pruned Japanese Black Pine trees, beautifully complemented by graceful Sago Palms, Plumeria, and Agapanthus, creating outstanding curb appeal and a serene garden setting. A spacious detached two-car garage includes a bonus workshop/storage area, offering flexibility for hobbies, projects, or additional storage. The property also provides two additional off-street parking spaces. Between the home and garage is a large cement courtyard, ideal for outdoor entertaining, family gatherings, or versatile open-air living. The backyard is a gardener's delight, featuring two mature persimmon trees, a grapefruit tree, and generous open space for gardening, entertaining, or future expansion. Properties offering this combination of large corner lot, spacious outdoor living areas, mature landscaping, and tremendous potential are increasingly rare in Monterey Park. Whether you're looking to restore its original charm, remodel to your personal taste, or explore future possibilities, this is an exceptional opportunity not to be missed.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,640 | 1,713.872 |
| Lot Size | 7,712 | 7,587.426 |
| Price | $900.0K | $1.00M |
| Price per sq ft | $549 | $653 |
| Built year | 1950 | 1957 |
| HOA | $0 | $220 |
| Days on market | 35 | 47 |
Aug 5, 2026
$899,999
Initial Listing