
Los Angeles, California 90042
This Spacious Monterey Hills Condominium represents a Prime Investment Opportunity with a List Price of $630,000—positioned well below the $653,307 Fair Market Value by 3%. This valuation gap secures $23,307 in Instant Equity. While the home holds a Condition Rating of 4 due to dated interiors, the expansive three-bedroom layout and lush hillside views offer significant upside through cosmetic modernization. Featuring resort-style amenities like a pool and sports court, this asset combines lifestyle with long-term growth. It is a premier choice for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4141 Via Marisol 319 Subject | $630,000* List Price | 3 | 2 | 1,363 | $474 | - |
A 4080 Via Marisol 127 Sold | $545,000 | 3 | 2 | 1,495 | $365 | 0.2 mi |
B 792 Portola Sold | $615,000 | 3 | 2 | 1,429 | $430 | 0.4 mi |
C 4040 Via Marisol 120 Sold | $500,000 | 2 | 2 | 1,100 | $455 | 0.2 mi |
D 3961 Via Marisol 233 Sold | $485,000 | 2 | 2 | 1,011 | $480 | 0.1 mi |
E 4499 Via Marisol 321 Sold | $570,000 | 2 | 2 | 1,139 | $500 | 0.3 mi |
F 4280 Via Arbolada 201 Sold | $625,000 | 2 | 2 | 1,213 | $515 | 0.2 mi |
G 4209 Via Arbolada 234 Active | $645,000 List Price | 3 | 2 | 1,260 | $512 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981, the property is over 40 years old and features dated elements such as popcorn ceilings and original-style oak cabinetry. While the HVAC has been replaced and newer laminate flooring is installed, the kitchen and bathrooms are significantly aged (>20 years) and require modernization to meet current standards.
With three bedrooms and over 1,300 square feet, this unit offers a rare and expansive layout for a condominium at this price point, providing ample room for families or a home office.
Situated in a gated community surrounded by lush greenery and hillside views, the property offers a peaceful retreat with access to premium amenities including a pool, spa, and sports courts.
Maintained by the same owner for nearly 30 years, the home is a prime candidate for cosmetic updates and remodeling, allowing a buyer to build immediate equity through customization.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The association fee of approximately $930 per month is notably high, which may impact the overall monthly affordability and debt-to-income ratio for many buyers.
The property is in need of modern updates and renovations to meet current market standards, requiring the buyer to have additional capital available for immediate improvements.
Well maintained by the same owner for nearly 30 years, this spacious three-bedroom, two-bath condominium in the gated community of Drake Terrace offers potential for updates and customization. Surrounded by lush trees, hillside greenery, and nearby parks, the residence blends timeless living with a serene natural setting. Situated on the third floor, the home features a bright and open layout with a welcoming atmosphere. The expansive living room includes a fireplace and direct access to a large balcony shared with the primary suite. A kitchen with its own dining space and in-unit washer/dryer hookups provide daily convenience, while HOA-approved laminate flooring creates a clean and low-maintenance living environment. With three generously sized bedrooms, there is ample space for both ample living space and personal retreat. While the home also offers the next buyer the chance to update and remodel, unlocking additional value and future potential. The Seller states HVAC has been replaced. Amenities include a uniquely designed pool, relaxing spa, and sports court, set among beautifully landscaped grounds that follow the natural hillside. The unit comes with subterranean tandem parking and guest parking is also available. With nearby biking trails, walking paths, and convenient access to nearby freeways, this home combines comfort, convenience, and nature located near Downtown Los Angeles making it a with both immediate livability and long-term upside.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 77% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,363 | 1,101 | 73% |
| Lot Size | - | 120,845 | 31% |
| Price | $630.0K | $559.5K | 73% |
| Price per sq ft | $462 | $509 | 23% |
| Built year | 1981 | 1982 | 42% |
| HOA | $929.77 | $613 | 92% |
| Days on market | 40 | 207 | 8% |
May 4, 2026
$630,000
Initial Listing