400 N Nicholson Avenue, Monterey Park, California 91755, Monterey Park, 91755 - 6 bed, 4 bath
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Monterey Park, California 91755
This property presents a High-Potential Investment Opportunity with a List Price of $1,388,000—positioned above the $1,172,505 Fair Market Value. While the price exceeds current estimates, the asset features a newly built 2026 permitted ADU and Tesla solar panels, offering significant rental income potential. With a Fair Condition Rating and strict "As-Is" terms, the property requires capital for deferred maintenance on the 1946 main house. This is a strategic acquisition for Buy-and-Hold Investors or multi-generational families seeking long-term yield in a prime school district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 400 N Nicholson Avenue Subject | $1,388,000* List Price | 6 | 4 | 1,970 | $595 | - |
A 208 E Newmark Avenue Sold | $1,300,000 | 4 | 3 | 2,528 | $514 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a mix of extremes: it features a brand-new 2026 permitted ADU with a modern kitchen and Tesla solar panels, but the primary residence dates back to 1946 and is being sold 'As-Is' with no repairs or termite work. The exterior of the main house shows signs of age and deferred maintenance, balancing the new construction out to a Fair overall condition.
The property features a front single-family residence plus a newly built, permitted 3-bedroom ADU, offering exceptional opportunities for high rental yield or multi-generational living.
Situated on a desirable corner lot, the home is within walking distance to Mark Keppel High School, supermarkets, and dining, ensuring strong long-term demand.
Equipped with Tesla solar panels, the property provides a modern sustainable solution that significantly reduces monthly utility expenses for the homeowner.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1970, other record living area = 1370. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 3.
The property is sold strictly as-is with no seller repairs, credits, or termite work, requiring the buyer to budget for all immediate maintenance and renovation costs.
One bathroom in the main residence may not be permitted, which could complicate financing, appraisal values, or future building code compliance.
Exceptional investment opportunity on a corner lot featuring a front single-family residence plus a newly built permitted ADU 509sqft (2026). The front house offers 4 bedrooms and 4 bathrooms (one bathroom may not be permitted). The permitted ADU features 3 bedrooms and 1 bathroom, providing excellent rental income or multi-generational living potential. The property also features Tesla solar panels, helping the homeowner save on energy costs. Conveniently located within walking distance to Mark Keppel High School, supermarkets, restaurants, and shopping. Property is being sold in its present “AS IS” condition. Seller will make no repairs, provide no credits, and complete no termite work.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 95% |
| Baths | 4.0 | 2.0 | 92% |
| Square foot | 1,970 | 1,505 | 78% |
| Lot Size | 5,386 | 6,821 | 14% |
| Price | $1.39M | $950.0K | 95% |
| Price per sq ft | $705 | $665 | 59% |
| Built year | 1946 | 1953 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 137 | 5% |
May 14, 2026
$1,388,000
Initial Listing
May 13, 2022
$900,000
Public Record
Apr 29, 2015
$510,000
Public Record