228 S Ynez, Monterey Park, California 91754, Monterey Park, 91754 - 3 bed, 1 bath
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Monterey Park, California 91754
This property presents a High-Potential Investment Opportunity with a List Price of $958,000—positioned well above the $802,205 Fair Market Value. While the price reflects a premium, the MPR3 High Density Residential Zoning and 1925 build date offer significant redevelopment potential. Featuring a Fair Condition Rating and a private patio, the asset requires a comprehensive rehab to unlock its full utility. This is a strategic acquisition for Buy-and-Hold Investors or Developers focused on maximizing land value in a central Monterey Park location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 228 S Ynez Subject | $958,000* List Price | 3 | 1 | 1,076 | $731 | - |
A 201 N Baltimore Sold | $750,000 | 3 | 2 | 1,032 | $727 | 0.3 mi |
B 1141 Williams Sold | $725,000 | 3 | 1 | 996 | $728 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1925 and sold in 'AS IS' condition, the property shows significant deferred maintenance including peeling exterior paint and weathered siding. Systems are outdated, relying on window AC units rather than central HVAC, and the high-density zoning suggests the value is primarily in the land or a total rehab.
The property is zoned MPR3 (High Density Residential), providing a rare and significant opportunity for developers or investors to maximize the lot's utility in a high-demand area.
Located in the heart of Monterey Park, the home offers unparalleled convenience with close proximity to the City Hall, Library, award-winning schools, and major 10/60/710 freeways.
The inclusion of two separate entrances and a private iron fence gate offers excellent flexibility for multi-generational living or potential rental income opportunities.
The property is being sold in 'as-is' condition and dates back to 1925, suggesting that significant capital investment may be required for modern upgrades and repairs.
At 1,076 square feet for a three-bedroom residence, the living spaces may feel constrained and compact by modern residential standards.
LOCATION !!! Rare find! Exquisite detached house with a private iron fence gate. Great Location- heart of City of Monterey Park. When you inside ,there are two separate entrances! The addition brings the total living area to approximately 1,379 sqft. The property has been thoughtfully expanded to offer a true 4-bedroom, 3-bathroom layout. The building permit is currently in process, and the plans have already been approved. Property zoned MPR3*, a High Density Residential. To be sold in AS IS conditions, Conveniently close to Library, Award-winning school district , City Hall, Park, Police Station, Fire Department, Post Office, Restaurant, and 10/60/710 Freeways.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,076 | 1,756 |
| Lot Size | 5,182 | 8,385 |
| Price | $958.0K | $960.9K |
| Price per sq ft | $890 | $659 |
| Built year | 1925 | 1958 |
| HOA | $0 | $228 |
| Days on market | 35 | 43 |
Jun 17, 2026
$958,000
Initial Listing
Sep 6, 2024
$835,000
Public Record
Sep 30, 2002
$238,000
Public Record