346 E Graves Avenue, Monterey Park, California 91755, Monterey Park, 91755 - bed, bath
346 E Graves Avenue
Monterey Park, California 91755
Property Price
SUMMARY
Analysis of 346 E Graves Avenue, Monterey Park, California 91755 is currently available with a list price of $1,250,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Monterey Park Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Originally built in 1944, this triplex is aged and shows signs of being outdated, particularly in the kitchens and bathrooms which feature older cabinetry and fixtures. While the property is functional and generates rental income, the 'aging infrastructure' and lack of recent major renovations suggest it requires minor updates and modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
This triplex configuration, featuring a 3-bedroom main house and two 1-bedroom units, offers an ideal opportunity for owner-occupancy while generating significant rental income to offset mortgage costs.
- Development Opportunity
Situated on a generous 9,928-square-foot lot, the property provides ample space for a potential ADU addition, allowing for further value appreciation and increased density.
- Extensive Parking & Lot Size
The property boasts a long driveway and a large lot with enough space for a carport and multiple vehicles, addressing a common pain point for multi-family residential properties in Monterey Park.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Originally constructed in 1944, the property may require significant capital expenditures for modernizing systems or structural repairs typical of homes from this era.
- Pricing Instability
A history of multiple price fluctuations and a 'priced for quick sale' status may indicate underlying urgency or previous challenges in securing a stable valuation in the current market.
About 346 E Graves Avenue
Great location in Monterey Park perfect owner occupancy with rental income generated, possible addition for standard ADU, large lot , long driveway, currently consisting of 3 units - Duplex of 1 bedroom each in the front and good size home of 3 bedrooms with 2 bathrooms with open patio or use for carport and there are plenty of space for parking enough for all the units. Priced for quick sale.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1944
- Lot Size
- 9,928 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,041 | 2,588 | 33% |
| Lot Size | 9,928 | 12,735 | 33% |
| Price | $1.25M | $1.25M | 50% |
| Price per sq ft | $612 | $499 | 67% |
| Built year | 1944 | 1952 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 230 | 44 | 0% |
Pricing History
Listed for Sale
Dec 31, 2025
$1,250,000
$1,200,000
+4% Price Increase
Initial Listing
Price Change
Sep 3, 2025
$1,200,000
$1,350,000
-11% Price Drop
Initial Listing
Price Change
Aug 20, 2025
$1,350,000
$1,390,000
-3% Price Drop
Initial Listing
Price Change
Aug 9, 2025
$1,390,000
$1,399,000
-1% Price Drop
Initial Listing
Price Change
Jul 19, 2025
$1,399,000
Initial Listing