4040 Via Marisol 123, Los Angeles, California 90042, Los Angeles, 90042 - 2 bed, 1 bath
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Los Angeles, California 90042
This Monterey Hills Condominium represents a High-Potential Investment Opportunity with a List Price of $359,000—positioned well below the $425,681 Fair Market Value by 15%. This valuation gap provides $66,681 in Instant Equity for buyers. While maintaining a Fair Condition Rating with dated finishes, the unit offers significant upside through cosmetic modernization of the kitchen and living areas. Featuring a spacious private patio, pool and spa, and proximity to DTLA, this asset is ideal for Value-Add Investors or first-time buyers looking to build wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4040 Via Marisol 123 Subject | $359,000* List Price | 2 | 1 | 920 | $463 | - |
A 4049 Via Marisol Sold | $440,000 | 2 | 2 | 1,102 | $399 | 0.1 mi |
B 5860 Benner 303 Pending | $375,000 List Price | 2 | 2 | 753 | $498 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981, this property is in livable condition but shows significant signs of age. While the living areas feature updated laminate flooring and the kitchen has stone countertops, the kitchen appliances are dated, popcorn ceilings are present throughout, and the bathroom retains an outdated light soffit and older cabinetry. It meets the criteria for 'fair' as a maintained but aged home requiring cosmetic updates.
Centrally located in Monterey Hills with quick access to Downtown Los Angeles, Old Town Pasadena, and major educational hubs like USC Health Sciences and Cal State LA.
The complex offers a resort-style lifestyle with a pool, spa, fitness center, clubhouse, dog park, and secure gated parking within landscaped grounds.
Includes two tandem parking spaces and a very spacious private patio, providing significant functional value and outdoor living space rarely found in urban condos.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =604824, other record lot size in square feet = 604644. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The association fee of $822 per month is relatively high compared to the listing price, which may impact buyer affordability and mortgage qualification.
The unit is legally permitted as a 1-bedroom but configured as a 2-bedroom by dividing the living room, which may affect appraisal value and feel restrictive to some buyers.
Welcome to 4040 Via Marisol #123 in the coveted Monterey Hills community. Tucked into a quiet, park-like setting, this home offers privacy, natural light, and a relaxing lifestyle within easy reach of many of L.A.’s cultural, educational, and recreational highlights. This wonderful unit is permitted as a 1-bedroom but is currently configured with 2 bedrooms by dividing the living room, offering flexibility for various needs. The home features in-unit laundry hookups and a very spacious private patio, ideal for outdoor living. The complex also provides a pool and spa, fitness center, clubhouse, dog park, and secure gated parking within landscaped grounds. Two tandem parking spaces are included with plenty of guest parking available on site. Conveniently located minutes from Downtown Los Angeles, Old Town Pasadena, South Pasadena, USC Health Sciences Campus, and Cal State LA (approx. 3 miles). Nearby parks include Debs Park and the Audubon Center, with easy access to shopping, dining, and local schools.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 33% |
| Square foot | 920 | 1,076.5 | 28% |
| Lot Size | 604,824 | 184,790.703 | 89% |
| Price | $359.0K | $550.0K | 6% |
| Price per sq ft | $390 | $541 | 6% |
| Built year | 1981 | 1982 | 47% |
| HOA | $822.0 | $600 | 94% |
| Days on market | 14 | 182 | 6% |
Apr 8, 2026
$359,000
Initial Listing