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220 Barranca, Monterey Park, California 91754, Monterey Park, 91754 - 3 bed, 3 bath

220 Barranca, Monterey Park, California 91754 home-pic-0
ACTIVE$1,399,000
220 Barranca, Monterey Park, California 91754
3Beds
3Baths
1,818Sqft
8,880Lot

Price Vs. Estimate

The estimated value ($1,155,397.415) is $243,602.585 (17%) lower than the list price ($1,399,000). 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 = 8880, living area = 1818.
Top Cons:
Significant Price Adjustment: A substantial price reduction from an original list price of $1.8M to $1.399M (over 22%) may indicate initial overpricing or market resistance, potentially raising buyer concerns about value.

Compared to the nearby listings

Price:$1.40M vs avg $981.5K (+$417,500)88%
Size:1,818 sqft vs avg 1,417.5 sqft77%
Price/sqft:$770 vs avg $67971%

More Insights

Built in 1959 (66 years old).
Condition: Built in 1959, this property, despite being well-maintained, features significantly outdated kitchen and bathroom designs. The kitchen has very dated wood cabinetry, older appliances (except for the refrigerator), and older tile flooring, requiring a full renovation. Bathrooms are notably outdated with old vanities, fixtures, and carpeted floors, necessitating complete overhauls. The overall flooring (shag carpet, parquet) and light fixtures throughout are also very dated. While functional, the property requires substantial rehabilitation to meet modern standards and buyer expectations, including potential updates to core systems due to its age.
Year Built
1959
Close
-
List price
$1.4M
Original List price
$1.8M
Price/Sqft
$770
HOA
-
Days on market
-
Sold On
-
MLS number
AR25236820
Home ConditionPoor
Features
Good View: City Lights, Hills
ViewCity Lights,Hills

About this home

Beautifully Maintained Award-Winning Home with Stunning City Views. Located in a quiet and desirable neighborhood, this beautifully maintained residence boasts exceptional curb appeal and has received multiple awards for its timeless character and beautifully landscaped grounds. The spacious family room includes an additional dining area and built-in bar—perfect for gatherings and entertaining. Enjoy breathtaking views of the city and St. Steven’s Serbian Orthodox Cathedral, along with easy access to major freeways, downtown Los Angeles, and trendy shops and restaurants. Situated within the boundaries of highly rated schools, including Monterey Highlands Elementary and Mark Keppel High School, this property offers both beauty and practicality for families. This home showcases a bright, open floor plan designed for comfortable living and entertaining. Don’t miss this charming, award-winning home that perfectly combines comfort, character, and convenience—with breathtaking views and an unbeatable location.

Condition Rating
Poor
Built in 1959, this property, despite being well-maintained, features significantly outdated kitchen and bathroom designs. The kitchen has very dated wood cabinetry, older appliances (except for the refrigerator), and older tile flooring, requiring a full renovation. Bathrooms are notably outdated with old vanities, fixtures, and carpeted floors, necessitating complete overhauls. The overall flooring (shag carpet, parquet) and light fixtures throughout are also very dated. While functional, the property requires substantial rehabilitation to meet modern standards and buyer expectations, including potential updates to core systems due to its age.
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 = 8880, living area = 1818.
Panoramic City Views: The property offers breathtaking views of the city, St. Steven’s Serbian Orthodox Cathedral, City Lights, and Hills, significantly enhancing its appeal.
Prime Location & Accessibility: Situated in a quiet and desirable neighborhood with easy access to major freeways, downtown Los Angeles, and trendy shops and restaurants.
Award-Winning Curb Appeal & Maintenance: This beautifully maintained residence boasts exceptional curb appeal and has received multiple awards for its timeless character and landscaped grounds.
Top-Rated School District: Located within the boundaries of highly rated schools, including Monterey Highlands Elementary and Mark Keppel High School, appealing to families.
Functional & Entertaining Layout: Features a spacious family room with an additional dining area and built-in bar, alongside a bright, open floor plan ideal for comfortable living and entertaining.

Cons

Significant Price Adjustment: A substantial price reduction from an original list price of $1.8M to $1.399M (over 22%) may indicate initial overpricing or market resistance, potentially raising buyer concerns about value.
Older Construction (Potential for System Updates): Built in 1959, the property's age, despite being well-maintained, suggests potential for older core systems (e.g., plumbing, electrical, HVAC) that may require future updates or replacement.
Above Estimated Market Value: The current listing price of $1.399M is higher than the estimated property value of $1.327M, which could impact buyer perception of value and negotiation leverage.

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