223 E Emerson, Monterey Park, California 91755, Monterey Park, 91755 - 2 bed, 1 bath
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Monterey Park, California 91755
This 1920s Residential Asset is listed at $800,000, currently positioned above its $747,523 Fair Market Value. Despite the pricing gap, the property represents a High-Potential Investment Opportunity due to its generous 5,585 sqft lot and significant ADU expansion potential. Carrying a Condition Rating of 4, the 806-square-foot home requires comprehensive updates to its 1926 infrastructure and dated interior. Located within the Los Angeles Unified School District and walking distance to transit, this value-add project is ideal for Fix-and-Flip Investors or Contractors looking to capitalize on Monterey Park's high demand.
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 | $884 | - |
A 314 Sefton Sold | $860,000 | 2 | 2 | 933 | $922 | 0.6 mi |
B 620 E Graves Pending | $679,000 List Price | 2 | 1 | 777 | $874 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
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Built in 1926, this property is functional but significantly outdated.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.
Situated in a highly desirable area of Monterey Park, the property offers a strong community atmosphere and excellent proximity to local amenities and transit.
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.
The property features a large, versatile backyard, a rare find for a home of this size, perfect for outdoor entertaining, gardening, or recreation.
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.
Built in 1926, the property likely requires significant updates to its electrical, plumbing, and structural systems to meet modern building codes and buyer expectations.
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.
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.
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 | 806 | 1,482 | 6% |
| Lot Size | 5,585 | 6,528 | 22% |
| Price | $800.0K | $908.0K | 16% |
| Price per sq ft | $993 | $645 | 97% |
| Built year | 1926 | 1953 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 82 | 159 | 19% |
Feb 28, 2026
$800,000
$825,000
-3% Price Drop
Initial Listing
Feb 15, 2026
$825,000
$850,000
-3% Price Drop
Initial Listing
Jan 30, 2026
$850,000
Initial Listing