
Monterey Park, California 91755
This Residential Income Duplex represents a High-Potential Investment Opportunity, listed at $1,099,000—positioned well above the $880,711 Fair Market Value. While the list price exceeds current market estimates, the property offers significant value through its Condition Rating of 3, featuring a brand-new roof, updated electrical, and energy-efficient windows. With two free-standing units, Granite Kitchens, and mature fruit trees, this asset provides immediate rental utility. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy in the Alhambra school district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 316 Elizabeth Subject | $1,099,000* List Price | 3 | 2 | 1,330 | $662 | - |
A 124 Elizabeth Sold | $1,050,000 | 2 | 1 | 1,690 | $621 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1927, the property has undergone significant updates including a brand-new roof on the front house, newer electrical panels, and newer central air. The kitchens feature granite countertops and stainless steel appliances, and the installation of energy-efficient dual-pane windows throughout indicates a well-maintained, move-in ready condition consistent with a 5-15 year renovation cycle.
The property features two detached, free-standing residences on a single lot, offering excellent flexibility for multi-generational living or high rental income potential in a desirable area.
Recent upgrades include a brand-new roof on the front house, energy-efficient dual-pane windows, updated electrical panels, and newer central air conditioning, reducing immediate maintenance costs.
Both homes enjoy private gated yards and a lush landscape featuring an extensive variety of mature fruit trees, including avocado, mango, and citrus, enhancing the property's appeal.
Originally built in 1927, the property may require ongoing maintenance or specialized repairs typical of homes from this era, despite recent system updates.
With only a single-car garage available for the front unit, parking for multiple vehicles or tenants is primarily restricted to open gated areas.
Welcome to this great duplex. This can be a multi-family residence or a rental property. The front house is a free-standing 2-bedroom, with a Jack-and-Jill bathroom, a living room, a dining area, a laundry area, and a kitchen. It has a one-car garage and its own front yard with mature fruit trees. The property boasts mature fruit trees in the front yard: plum, apple, apricot, avocado, guava, and moringa. Both homes have tile floors, and the front also has newer laminate wood floors, a newer electric panel, and newer central air. The front house has a stove, a fridge, and a one-car garage. The yard between the two homes has Manila mango, Guava, lime, and pomegranate trees. The back house is also freestanding. It has 1 bedroom, 1 bathroom, a living room, and a kitchen with a stove and a washer and dryer. It has its own private backyard and storage shed. Parking is available next to this home inside the gated area. It also has a storage shed for the back house. Both have granite countertops and newer, energy-efficient, dual-pane windows. This property has one APN number and two addresses. The entire property is gated for privacy. The front house has a brand-new roof. You don't want to miss this opportunity. Please schedule on Showing time. Thank you
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 1.0 |
| Square foot | 1,330 | 2,780 |
| Lot Size | 5,945 | 8,337.6 |
| Price | $1.10M | $1.20M |
| Price per sq ft | $826 | $527 |
| Built year | 1927 | 1956 |
| HOA | $0 | $0 |
| Days on market | 9 | 78 |
Aug 31, 2026
$1,099,000
Initial Listing