3840 Durfee Avenue, El Monte, California 91732, El Monte, 91732 - 3 bed, 2 bath
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El Monte, California 91732
This Aged Single-Family Residence serves as a strategic Hybrid Value-Add Opportunity. Listed at $659,000, the property aligns with its $642,873 Fair Market Value, reflecting local market stability. Featuring a functional 3-bedroom, 2-bathroom layout and a private patio, the home holds a Condition Rating of 4, indicating well-maintained but original 1962 finishes. Located near the I-10 and I-605 freeways within the El Monte Union High district, it offers significant potential for forced appreciation through cosmetic modernization. This is an ideal entry point for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3840 Durfee Avenue Subject | $659,000* List Price | 3 | 2 | 1,148 | $560 | - |
A 12213 Deana Street Sold | $780,000 | 3 | 2 | 1,589 | $491 | 0.1 mi |
B 11825 Basye Street Pending | $724,999 List Price | 3 | 2 | 1,166 | $622 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, the property is well-maintained and clean but shows significant signs of age with outdated features. The kitchen and bathrooms retain older cabinetry, tile work, and fixtures that have not been modernized. While the home is functional and appears to have undergone basic upkeep like fresh paint and floor maintenance, it lacks the comprehensive renovations required for a higher rating and fits the criteria of an aged home requiring cosmetic and system updates.
Strategically situated near the I-10 and I-605 freeways, this property offers exceptional accessibility for professionals commuting to Downtown Los Angeles and surrounding employment hubs.
The property is positioned as an excellent opportunity for both first-time homebuyers and seasoned investors, benefiting from El Monte's consistent rental demand and central location.
Featuring a 3-bedroom, 2-bathroom layout, the home provides a functional and highly marketable floor plan that caters well to small families and modern living needs.
Built in 1962, the residence may require capital improvements or modernization of its original systems and cosmetic finishes to meet current energy efficiency and aesthetic standards.
With 1,148 square feet of interior space, the home is relatively small for a three-bedroom residence, which may feel restrictive for buyers seeking larger communal areas.
Location! Location! Location! This charming residential property is located in the heart of El Monte, CA, and offers an excellent opportunity for families and investors alike. This home boasts a prime location with easy access to major highways, public transportation, and a variety of local amenities. Whether you're commuting to work or exploring the vibrant city life of downtown Los Angeles, you'll appreciate the easy access to major freeways like I-10 and I-605. With its ideal location and great potential, 3840 Durfee Ave is a must-see. Don't miss this opportunity to own a piece of El Monte's charm. Contact us today to schedule a viewing!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.5 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,148 | 1,551.5 | 24% |
| Lot Size | 5,156 | 6,145 | 35% |
| Price | $659.0K | $790.0K | 9% |
| Price per sq ft | $574 | $530 | 61% |
| Built year | 1962 | 1961 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 629 | 173 | 0% |
Aug 1, 2024
$659,000
Initial Listing