2081 Vancouver Avenue, Monterey Park, California 91754, Monterey Park, 91754 - 3 bed, 1 bath
ACTIVE$750,000
2081 Vancouver Avenue, Monterey Park, California 91754
3Beds
1Bath
1,137Sqft
5,252Lot
Price Vs. Estimate
The estimated value ($703,366.37) is $46,633.63 (6%) lower than the list price ($750,000). This property may be overpriced.
Key pros and cons
Top Pros:
Investment Potential: The property is explicitly marketed as having 'great investment potential' and an opportunity for a 'rental portfolio or a new project', appealing to value-add buyers.
Top Cons:
Limited Bathroom Count: The property features only one bathroom for three bedrooms, which can be a significant functional drawback for families or multiple residents.
Compared to the nearby listings
Price:$750.0K vs avg $956.5K ($-206,500)10%
Size:1,137 sqft vs avg 1,404 sqft21%
Price/sqft:$660 vs avg $67048%
More Insights
Built in 1950 (75 years old).
Condition: Built in 1950, this property is 74 years old and is explicitly marketed as having 'great investment potential' and being suitable for a 'new project,' indicating a need for substantial renovation. The property analysis confirms it's 'likely to have dated systems, finishes, and potentially require significant modernization or repairs.' With only exterior images provided, and given the age and description, it's highly probable that the kitchen and single bathroom are original or very outdated, requiring extensive rehabilitation to meet current standards. The overall condition suggests major components need repair and modernization.
Year Built
1950
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$660
HOA
-
Days on market
-
Sold On
-
MLS number
DW25262768
Home ConditionPoor
Features
ViewNeighborhood
About this home
3 bedroom, 1 bath home, great investment potential. This property offers a solid opportunity for the right buyer and it is located in a friendly neighborhood close to local amenities, parks, and schools. Whether you're looking to add to your rental portfolio or take on a new project, this is a chance you don't want to miss.
Price History
Date
Event
Price
02/15/07
Sold
$530,000
Condition Rating
Poor
Built in 1950, this property is 74 years old and is explicitly marketed as having 'great investment potential' and being suitable for a 'new project,' indicating a need for substantial renovation. The property analysis confirms it's 'likely to have dated systems, finishes, and potentially require significant modernization or repairs.' With only exterior images provided, and given the age and description, it's highly probable that the kitchen and single bathroom are original or very outdated, requiring extensive rehabilitation to meet current standards. The overall condition suggests major components need repair and modernization.
Pros & Cons
Pros
Investment Potential: The property is explicitly marketed as having 'great investment potential' and an opportunity for a 'rental portfolio or a new project', appealing to value-add buyers.
Prime Location: Situated in a 'friendly neighborhood close to local amenities, parks, and schools', offering convenience and desirability for families or renters.
Generous Lot Size: With a 5252 sqft lot, there is ample outdoor space or potential for future expansion, which is valuable in urban areas.
Single-Family Residence: As a single-family home, it offers privacy and autonomy, a highly sought-after property type in the market.
Three Bedrooms: The 3-bedroom configuration provides sufficient space for families or multiple occupants, enhancing its rental or resale appeal.
Cons
Limited Bathroom Count: The property features only one bathroom for three bedrooms, which can be a significant functional drawback for families or multiple residents.
Age of Property: Built in 1950, the home is likely to have dated systems, finishes, and potentially require significant modernization or repairs to meet current standards.
Smaller Interior Square Footage: At 1137 sqft, the interior living space is relatively compact for a 3-bedroom home, which may limit appeal for buyers seeking more spacious living areas.