
Monterey Park, California 91755
This property represents a High-Potential Investment Opportunity, listed at $895,000—positioned well above the $763,563 Fair Market Value by 17%. While the property requires significant capital expenditure due to its Condition Rating of 6, the R2 Zoning on a massive 10,045 Sq Ft lot provides exceptional redevelopment potential. Located within the Alhambra High School District, this asset is strictly for those prepared for major renovation or new construction. It is an ideal acquisition for Experienced Developers or Builders seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 325 Mooney Subject | $895,000* List Price | 3 | 1 | 1,763 | $433 | - |
A 333 N Alhambra Sold | $950,000 | 3 | 2 | 1,728 | $550 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1915 with no evidence of renovation in over 50 years. The listing explicitly states it is being sold for land value only, requires major TLC, and may not qualify for a loan, indicating the structure is likely unlivable.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10045, living area = 1763.
The R2 zoning on a generous 10,045 sqft lot presents a prime opportunity for builders or investors to redevelop the site into multiple units or a larger residential project.
Boasting a deep 50 x 200 foot lot, the property provides substantial land area rarely found in this submarket, offering significant flexibility for expansion or new construction.
The structure requires major TLC and is being sold for land value only, necessitating a complete renovation or demolition which adds significant immediate cost.
Due to its 'As-Is' condition and lack of habitability, the property likely will not qualify for conventional financing, restricting the buyer pool to cash or hard-money investors.
Good location in the City of Monterey Park. 3 beds and 1 bath. 1763 ST. on a lot 10045 Sq Ft. (50 x 200) The property is in major need TLC, to be sold in "As-Is" Condition. the property might not qualify for a loan. Sold for Land value only . No repair, No termite clearance or credit from seller. R2 Zoning. Great opportunity for Investor or Builders to fix-up or redevelop. Submit your best offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 14% |
| Square foot | 1,763 | 1,505 | 70% |
| Lot Size | 10,045 | 7,074 | 86% |
| Price | $895.0K | $916.0K | 43% |
| Price per sq ft | $508 | $647 | 14% |
| Built year | 1915 | 1953 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 135 | 5% |
May 15, 2026
$895,000
Initial Listing