220 E Hellman, Monterey Park, California 91755, Monterey Park, 91755 - 3 bed, 2 bath
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Monterey Park, California 91755
This Versatile R3-Zoned Residential Asset is listed at $1,089,000, reflecting a strategic premium for its rare density potential compared to the $1,026,005 Fair Market Value. The property holds a Good Condition Rating following significant capital improvements, including a brand-new roof, new AC, and renovated bathroom. Situated on a large 8,528 SF flat lot within the Alhambra High School District, the home offers a private fruit orchard and EV charging near Mark Keppel High School. This is an ideal acquisition for Owner-Occupants seeking lifestyle stability or Developers targeting high-utilization R3 zoning.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 220 E Hellman Subject | $1,089,000* List Price | 3 | 2 | 1,469 | $688 | - |
A 521 South Alhambra Avenue Active | $990,000 List Price | 3 | 3 | 1,384 | $715 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1938, the property is move-in ready due to significant recent capital improvements including a brand-new roof, new AC system, and a newly renovated bathroom. The kitchen is updated with granite countertops and newer cabinetry, and the interior features fresh paint and modern additions like an EV charging outlet, placing it well within the 'good' category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8530, living area = 1469.
The property sits on a rare, large 8,528 SF flat lot with R3 zoning, providing significant opportunities for investors or developers to build multiple units in a high-demand area.
The home features several high-value upgrades including a brand-new roof, new AC system, renovated bathroom, and fresh interior paint, reducing immediate move-in costs.
The property is sold in as-is and where-is condition, placing the burden of repairs and full due diligence regarding permits and zoning strictly on the buyer.
Despite recent surface upgrades, the original 1938 construction may harbor older plumbing or electrical systems that could require further modernization to meet current standards.
Prime Development Opportunity in the heart of Monterey Park! Rare R3-zoned property on a large, flat 8,528 SF lot (approx. 55’ x 155’) offering outstanding potential for homeowners, investors, or future development.Located in one of the most convenient areas of Monterey Park, the property is within walking distance to the highly regarded Mark Keppel High School and just minutes to shopping centers, supermarkets, restaurants, hospitals, freeways, and public transportation.The existing two-story home features 3 bedrooms and 2 bathrooms, with two spacious bedrooms downstairs and one upstairs, making it ideal for flexible living arrangements. Recent upgrades include: Brand NEW roof. Brand NEW AC. Newly renovated bathroom.Fresh interior paint. The home also offers an updated kitchen with granite countertops and newer cabinetry, plus a laundry room with side-by-side washer/dryer hookups and utility sink. Modern conveniences include a 220V EV charging outlet already installed and an automatic gated driveway entrance providing added security and privacy. The large, level lot is truly a rare find and features a private orchard and garden paradise filled with many mature fruit trees and vegetables. Enjoy harvesting your own loquat, lychee, dragon fruit, guava, jujube, fig, peach, grapes, papaya, mulberry, pomelo, pomegranate and more—perfect for those who love farm-to-table living right at home. Additional features include two bonus workshop/accessory rooms next to the garage with attic storage space. This is a rare opportunity to own a versatile property combining prime location, excellent schools, development potential, and a private garden lifestyle in one of Monterey Park’s most sought-after neighborhoods. Property sold AS-IS & WHERE-IS. Buyers to verify zoning, permits, and development possibilities with the City of Monterey Park. Information deemed reliable but not guaranteed.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,469 | 1,482 | 47% |
| Lot Size | 8,530 | 6,916 | 75% |
| Price | $1.09M | $933.0K | 72% |
| Price per sq ft | $741 | $645 | 75% |
| Built year | 1938 | 1953 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 159 | 6% |
Apr 14, 2026
$1,089,000
$1,250,000
-13% Price Drop
Initial Listing
Apr 4, 2026
$1,250,000
$1,089,000
+15% Price Increase
Initial Listing
Mar 17, 2026
$1,089,000
Initial Listing
Jun 29, 2023
$1,050,000
Public Record
Jun 10, 2013
$520,000
Public Record