
Monterey Park, California 91754
This property presents a High-Potential Investment Opportunity with a List Price of $850,000—positioned above the $814,934 Fair Market Value. While the property requires a full interior modernization, its Fair Condition Rating and 1,552 sq. ft. floor plan provide a blank canvas for value-add renovations. Featuring a covered patio and mature fruit trees, the home offers significant potential for forced appreciation. This asset is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a project in the Montebello Unified school district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 312 W Markland Drive Subject | $850,000* List Price | 4 | 2 | 1,552 | $527 | - |
A 209 W Markland Drive Sold | $825,000 | 3 | 2 | 1,423 | $580 | 0.2 mi |
B 2147 Divine Sold | $810,000 | 4 | 2 | 1,304 | $621 | 0.5 mi |
C 608 W Markland Sold | $700,000 | 3 | 1 | 1,026 | $682 | 0.4 mi |
D 325 W Markland Drive W Sold | $685,000 | 3 | 1 | 1,067 | $642 | 0.0 mi |
E 1944 S Mcpherrin Active | $899,999 List Price | 3 | 2 | 1,640 | $549 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1950 and largely in original condition, the home features a kitchen and bathrooms that are over 30 years old and highly dated. The listing explicitly states it is an 'as-is' sale requiring 'new life' and 'updating,' signaling that major systems and finishes are at the end of their functional life and require a full rehab.
Offered for the first time in over 40 years, this property serves as a prime 'blank canvas' for investors or buyers looking to build equity through a complete modernization.
The 1,552 sq. ft. floor plan features four bedrooms and two bathrooms, providing a spacious and practical configuration that is highly desirable for growing families in this area.
The backyard features a covered patio and an oasis of mature fruit trees, offering immediate value for outdoor entertaining and a head start on landscaping.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
The home retains most of its original 1950s finishes and character, necessitating a substantial budget for interior renovations and potential system upgrades.
The seller's firm 'as-is' stance with no repairs may complicate traditional financing and requires the buyer to assume all risks regarding the property's current condition.
First time offered for sale since 1982! Welcome to 312 W Markland in Monterey Park. Built in 1950, this 4-bedroom, 2-bath home offers approximately 1,552 sq. ft. of living space and a rare opportunity for its next owner to bring new life to a long-held property. Step inside to a functional floor plan featuring spacious living and dining areas, four bedrooms, two bathrooms, a galley-style kitchen, and plenty of natural light. Outside, the covered patio provides additional space for relaxing and entertaining, while the backyard offers room for gardening, recreation, an oasis with many maturing fruit trees, or creating your own outdoor retreat. A garage and driveway provide convenient off-street parking and additional storage. The home retains much of its original character and finishes and is ready for updating, making it an excellent opportunity for buyers looking to renovate, personalize, and create a home that reflects their own style. Whether improvements are made over time or the property is reimagined from the ground up, there is plenty of potential to make this home your own. Conveniently located in Monterey Park near shopping, dining, parks, schools, transportation, and major freeway access. Property is being sold in its present AS-IS condition. Seller will not make repairs. Buyer is encouraged to conduct all desired inspections, investigations, and due diligence and satisfy themselves as to the condition of the property. After more than four decades, 312 W Markland is ready for its next chapter. Bring your vision and make it yours!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,552 | 1,713.872 |
| Lot Size | 5,556 | 7,587.426 |
| Price | $850.0K | $1.00M |
| Price per sq ft | $548 | $653 |
| Built year | 1950 | 1957 |
| HOA | $0 | $220 |
| Days on market | 33 | 47 |
Aug 7, 2026
$850,000
Initial Listing