219 S Nicholson Ave, Monterey Park, California 91755, Monterey Park, 91755 - 2 bed, 1 bath
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Monterey Park, California 91755
This Value-Add Residential Asset is listed at $1,090,000, reflecting a premium over the $888,663 Fair Market Value due to its significant development upside. The property’s value is anchored by its 6,773 sq ft lot and detached garage, offering Significant ADU Potential for density-focused buyers. While the 1936-built home carries a Poor Condition Rating and requires modernization of core systems, the 1,310 sq ft footprint allows for a seamless 3rd bedroom conversion. Located in a quiet neighborhood within the Alhambra High School District, it provides a stable foundation for forced appreciation. This is an ideal acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 219 S Nicholson Ave Subject | $1,090,000* List Price | 2 | 1 | 1,310 | $678 | - |
A 314 Sefton Sold | $860,000 | 2 | 2 | 933 | $922 | 0.3 mi |
B 1567 Fulton Sold | $955,000 | 3 | 2 | 1,505 | $635 | 0.9 mi |
C 1594 Trumbower Avenue Sold | $1,100,000 | 3 | 2 | 1,456 | $755 | 1.0 mi |
D 417 E Emerson Avenue Active | $1,088,000 List Price | 3 | 3 | 1,628 | $668 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1936, this property is explicitly noted as requiring 'substantial updates to its core systems (e.g., electrical, plumbing, HVAC) and interior finishes' to meet contemporary standards. The visible exterior shows signs of age and deferred maintenance (dry lawn, older AC unit). Without evidence of recent major renovations, the home's major components and finishes are likely outdated and require significant rehabilitation, aligning with a 'Poor' condition.
Situated on a quiet street in the highly desirable Monterey Park, offering unparalleled access to markets, schools, parks, and shopping centers, making it ideal for convenient family living.
A generous 6,773 sq ft lot with a detached garage presents excellent opportunities for adding an Accessory Dwelling Unit (ADU), enhancing property value and potential rental income.
The existing layout offers clear potential to convert to a 3-bedroom home, allowing buyers to increase living space and property value through strategic renovations.
The property was recently sold within the past year on 2025-09-17. The sold price is $976,000.00. The property was recently sold within the past year on 2025-08-04. The sold price is $675,000.00.
The property features only one bathroom, which is a significant limitation for a family home, especially considering its potential for a third bedroom.
As a 1936 build, the home likely requires substantial updates to its core systems (e.g., electrical, plumbing, HVAC) and interior finishes to meet contemporary standards and buyer expectations.
Location, Location, Location! Conveniently situated on a quite neighborhood street in the heart of Monterey Park. This charming single family home offers 2 bedrooms and 1 bathroom with a living area of 1310 sq ft, with potential for a 3rd bedroom. The generous 6773 sq ft lot provides excellent ADU potential, featuring a detached garage in the backyard. Close to market, school, Park and shopping centers. This home is ideal for families seeking a peaceful neighborhood with everyday convenience.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 16% |
| Baths | 1.0 | 2.0 | 9% |
| Square foot | 1,310 | 1,482 | 28% |
| Lot Size | 6,773 | 6,797 | 50% |
| Price | $1.09M | $933.0K | 72% |
| Price per sq ft | $832 | $645 | 84% |
| Built year | 1936 | 1953 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 85 | 159 | 22% |
Jan 27, 2026
$1,090,000
Initial Listing
Sep 17, 2025
$976,000
Public Record
Aug 4, 2025
$675,000
Public Record