223 E Emerson, Monterey Park, California 91755, Monterey Park, 91755 - 2 bed, 1 bath
223 E Emerson
Monterey Park, California 91755
Property Price
SUMMARY
Analysis of 223 E Emerson, Monterey Park, California 91755 reveals a property with a current list price of $800,000, which is 7% above the estimated $747,522 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Monterey Park Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 223 E Emerson Subject | $800,000* List Price | 2 | 1 | 806 | $927 | - |
A 314 Sefton Sold | $860,000 | 2 | 2 | 933 | $922 | 0.6 mi |
B 620 E Graves Active | $679,000 List Price | 2 | 1 | 777 | $874 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1926, this property is functional but significantly outdated. The interior features 1970s-style wood paneling, dated tile flooring, and textured ceilings. The presence of window AC units and wall heaters suggests older mechanical systems. While the home appears maintained, it has not undergone a major renovation in several decades and requires comprehensive cosmetic and system updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in a highly desirable area of Monterey Park, the property offers a strong community atmosphere and excellent proximity to local amenities and transit.
- Expansion Potential
The generous 5,585 square foot lot provides significant opportunities for home expansion or the construction of an Accessory Dwelling Unit (ADU) to increase value.
- Spacious Backyard
The property features a large, versatile backyard, a rare find for a home of this size, perfect for outdoor entertaining, gardening, or recreation.
CONSRISKS & DEFICIENCIES
- Limited Living Space
With only 806 square feet of interior space, the home is quite small, which may limit its appeal to families or buyers requiring more room.
- Aging Infrastructure
Built in 1926, the property likely requires significant updates to its electrical, plumbing, and structural systems to meet modern building codes and buyer expectations.
- Single Bathroom Constraint
The 2-bedroom, 1-bathroom layout can be a major drawback for modern households and may negatively impact the property's long-term resale value compared to multi-bath homes.
About 223 E Emerson
Excellent 2 bedroom house in a nice area of Monterey Park with lots of potential and spacious back yard. There is an opportunity to build an ADU in the back. This home is walking distance away from stores and shopping centers and lots of access to bus stops.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1926
- Lot Size
- 5,585 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 17% |
| Baths | 1.0 | 2.0 | 17% |
| Square foot | 806 | 1,488 | 3% |
| Lot Size | 5,585 | 7,135 | 20% |
| Price | $800.0K | $955.0K | 17% |
| Price per sq ft | $993 | $645 | 97% |
| Built year | 1926 | 1953 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 164 | 7% |
Pricing History
Listed for Sale
Feb 28, 2026
$800,000
$825,000
-3% Price Drop
Initial Listing
Price Change
Feb 15, 2026
$825,000
$850,000
-3% Price Drop
Initial Listing
Price Change
Jan 30, 2026
$850,000
Initial Listing