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200 S Moore, Monterey Park, California 91754, Monterey Park, 91754 - 5 bed, 3 bath

200 S Moore, Monterey Park, California 91754 home-pic-0
ACTIVE$1,790,000
200 S Moore, Monterey Park, California 91754
5Beds
3Baths
2,551Sqft
11,438Lot

Price Vs. Estimate

The estimated value ($1,686,348.315) is $103,651.685 (5%) lower than the list price ($1,790,000). This property may be overpriced.

Key pros and cons

Top Pros:
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 = 11438, living area = 2551.
Top Cons:
Age of Property: Built in 1945, the property, despite being upgraded, may still present potential for age-related maintenance issues or require updates to core systems over time.

Compared to the nearby listings

Price:$1.79M vs avg $981.5K (+$808,500)94%
Size:2,551 sqft vs avg 1,417.5 sqft87%
Price/sqft:$702 vs avg $67960%

More Insights

Built in 1945 (80 years old).
Condition: Built in 1945, the property has undergone renovations as described, featuring laminated flooring and mini-split AC units. However, the kitchen (or secondary kitchen shown) is basic with a mix of newer cabinets and older wood paneling, and the bathrooms, while clean and functional, exhibit dated styles with pedestal sinks and simple vanities. These elements suggest renovations that are likely 15-30 years old, making the home aged but maintained, with major components functional but showing signs of being outdated, aligning with a 'Fair' condition.
Year Built
1945
Close
-
List price
$1.79M
Original List price
$1.79M
Price/Sqft
$702
HOA
-
Days on market
-
Sold On
-
MLS number
TR25273924
Home ConditionFair
Features
Patio
View-

About this home

Rare R-3 Zoned Development Opportunity in Prime Monterey Park. This property comes with city-approved plans for two additional units, allowing you to immediately begin your development project and significantly enhance the property’s value. The existing fully upgraded home offers 5 bedrooms and 3 bathrooms, with three bedrooms—including the primary suite—on the main level and two additional bedrooms upstairs. The home features laminated flooring throughout and a spacious enclosed patio that serves as a convenient laundry area and extra storage space. Behind the gated driveway, you’ll find a two-car garage, ideal for parking, storage, or use as a workshop/studio. The expansive backyard provides further possibilities for improvement and future development. Located within walking distance to restaurants, banks, shops, and the hospital, this property combines unbeatable convenience with strong long-term potential. A perfect choice for developers, investors, or buyers seeking both current rental value and future growth.

Price History

Date
Event
Price
02/26/98
Sold
$263,000
04/28/23
Sold
$1,250,000
Condition Rating
Fair
Built in 1945, the property has undergone renovations as described, featuring laminated flooring and mini-split AC units. However, the kitchen (or secondary kitchen shown) is basic with a mix of newer cabinets and older wood paneling, and the bathrooms, while clean and functional, exhibit dated styles with pedestal sinks and simple vanities. These elements suggest renovations that are likely 15-30 years old, making the home aged but maintained, with major components functional but showing signs of being outdated, aligning with a 'Fair' condition.
Pros & Cons

Pros

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 = 11438, living area = 2551.
Development Opportunity: Rare R-3 zoning with city-approved plans for two additional units, offering immediate development potential and significant value enhancement for investors or developers.
Prime Location & Walkability: Located in a highly convenient area of Monterey Park, within walking distance to restaurants, banks, shops, and a hospital, enhancing its appeal for residents and future tenants.
Upgraded Existing Home: The current 5-bedroom, 3-bathroom home is fully upgraded with laminated flooring throughout, providing immediate rental income potential or comfortable living space.
Large & Versatile Lot: An expansive 11,438 sqft lot with an expansive backyard offers ample space for the approved development, further improvements, or recreational use.
Functional Garage & Gated Driveway: Features a two-car garage suitable for parking, storage, or conversion into a workshop/studio, complemented by a secure gated driveway.

Cons

Age of Property: Built in 1945, the property, despite being upgraded, may still present potential for age-related maintenance issues or require updates to core systems over time.
Significant Development Investment: While plans are approved, executing the development of two additional units will require substantial capital investment, time, and project management, limiting the buyer pool to experienced developers or investors.
Aggressive Pricing: The current list price of $1.79M represents a significant increase from its $1.25M sale in 2023, which, while potentially justified by development potential, may be perceived as aggressive by some buyers.

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