
Los Angeles, California 90042
This 3-Bedroom Monterey Hills Condominium represents a Strong Value Opportunity, listed at $575,000—positioned slightly above the $573,524 Fair Market Value. While the property maintains a Fair Condition Rating due to its 1981 vintage, it offers significant lifestyle appeal with scenic hilltop views, a pool and spa, and a versatile floor plan. The availability of a zero down payment assistance program enhances accessibility for first-time buyers and owner-occupants seeking a well-located, transit-friendly residence near major Los Angeles hubs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4209 Via Arbolada 234 Subject | $575,000* List Price | 3 | 2 | 1,260 | $455 | - |
A 4040 Via Marisol 120 Sold | $500,000 | 2 | 2 | 1,100 | $455 | 0.2 mi |
B 898 Temple Terrace 315 Sold | $539,000 | 2 | 2 | 977 | $552 | 0.4 mi |
C 4499 Via Marisol 240 Sold | $450,000 | 2 | 2 | 1,038 | $434 | 0.3 mi |
D 4499 Via Marisol 321 Sold | $570,000 | 2 | 2 | 1,139 | $500 | 0.3 mi |
E 898 Temple 125 Sold | $475,000 | 2 | 1 | 924 | $514 | 0.4 mi |
F 6140 Monterey Road 312 Sold | $565,000 | 2 | 2 | 1,064 | $531 | 0.9 mi |
G 4499 Via Marisol #124 Sold | $543,000 | 2 | 1 | 1,076 | $505 | 0.3 mi |
H 4499 Via Marisol 330 Sold | $429,000 | 1 | 1 | 795 | $540 | 0.3 mi |
I 4141 Via Marisol 319 Active | $630,000 List Price | 3 | 2 | 1,363 | $462 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981 (43 years old), the property is well-maintained but dated. While it features new paint and faucet fixtures, the kitchen retains older oak cabinetry and tile countertops, and the bathrooms show only partial updates. It lacks a full renovation within the last 15 years, placing it in the fair category due to age and the need for modernization.
A rare find in the Monterey Hills market, this spacious 1,260 sqft unit offers three full bedrooms, providing exceptional versatility for families or those requiring a dedicated home office.
The property qualifies for a zero down payment assistance program, significantly lowering the barrier to entry for first-time buyers and increasing its appeal in a competitive market.
Positioned to capture serene nature and hillside views from both the primary suite and the main living area, the unit offers a tranquil atmosphere that is highly sought after in urban Los Angeles.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =176732, other record lot size in square feet = 176679.
The association fee of approximately $892 per month is relatively high, which may impact the overall monthly affordability and debt-to-income ratio for budget-conscious buyers.
The two assigned parking spaces are in a tandem configuration, which can be a daily inconvenience for multi-car households compared to side-by-side parking options.
Rare 3-bedroom Monterey Hills condo with a view! Enter this light-filled Drake Terrace unit to find a spacious dining area and living room with fireplace, bar area, and sliding door out to a balcony with hilltop views and storage closet. A galley kitchen provides space for a little breakfast nook and includes in-unit laundry hook-ups. The primary suite includes a large walk-in closet, shower and bathtub, separate vanity area, and sliding door out to the balcony where you can enjoy views of nature and the hillside. Another bedroom also offers a large window with hillside views and a full bath that can be closed off as another private suite. A third bedroom can also be used as an office or den and provides a closet to accommodate guests or additional occupants. Newly painted throughout with new faucet fixtures in kitchen and bathroom sinks. Two assigned tandem gated parking spots with elevator to 2nd level. HOA amenities include pool and spa, racquet courts and walking paths. Excellent location, convenient to Downtown LA, Keck Hospital of USC, Dodger Stadium, the Rose Bowl, Old Town Pasadena and South Pasadena, the Foothill Gold Line, Highland Park and so much more! This home qualifies for a ZERO DOWN PAYMENT assistance program for first-time buyers, or buyers who have not owned a home in the past 36 months! Ask for details!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,260 | 1,219.385 |
| Lot Size | 176,732 | 27,236.074 |
| Price | $575.0K | $800.2K |
| Price per sq ft | $456 | $650 |
| Built year | 1981 | 1979 |
| HOA | $892.36 | $685 |
| Days on market | 23 | 72 |
Aug 17, 2026
$575,000
Initial Listing
Nov 18, 2011
$265,000
Public Record
May 25, 2007
$450,000
Public Record
Aug 14, 1997
$98,000
Public Record