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4516 Shasta Place, El Monte, California 91731, El Monte, 91731 - 3 bed, 1 bath

4516 Shasta Place, El Monte, California 91731 home-pic-0
ACTIVE$700,000
4516 Shasta Place, El Monte, California 91731
3Beds
1Bath
1,024Sqft
5,128Lot
Year Built
1954
Close
-
List price
$700K
Original List price
$750K
Price/Sqft
$684
HOA
-
Days on market
-
Sold On
-
MLS number
CV25079051
Home ConditionPoor
Features
Patio
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,5 Pros. Rank: price - $700.0K(28th), sqft - 1024(50th), beds - 3(50th), baths - 1(44th).

Welcome to this 3-bedroom, 1-bath home offering 1,024 sq ft of potential, perfectly situated in a highly desirable El Monte neighborhood. Located just minutes from Rio Vista School and Arroyo High School, this home is ideal for anyone looking to invest in a great area with strong community appeal. This property is a great project for a buyer ready to add their personal touch and transform it with some TLC. The long driveway provides ample parking and leads to a detached garage, all while maintaining full access to the spacious backyard—perfect for outdoor entertaining, gardening, or future expansion.Whether you're a first-time buyer looking to customize your dream home or an investor searching for your next opportunity, this home is full of potential in an unbeatable location.

Condition Rating
Poor
Built in 1954, this property is 70 years old and shows significant signs of age and deferred maintenance. The listing description explicitly states it's a 'project' needing 'TLC.' The kitchen features very dated wooden cabinets and older countertops, requiring a full renovation. One bedroom shows stained and dirty walls, indicating substantial cosmetic and possibly underlying repairs are needed. While a mini-split AC unit is visible, the overall condition of flooring (older ceramic tile) and fixtures is outdated. The property requires substantial repairs and rehabilitation to be comfortable and meet modern living standards, aligning with a 'poor' condition score.
Pros & Cons

Pros

Desirable Location: The property is perfectly situated in a highly desirable El Monte neighborhood, just minutes from Rio Vista School and Arroyo High School, offering strong community appeal.
Investment & Customization Potential: Described as a 'great project' for buyers ready to add their personal touch, this home offers significant potential for customization and value appreciation for both first-time buyers and investors.
Spacious Backyard: The property features a spacious backyard, ideal for outdoor entertaining, gardening, or future expansion, adding significant utility and appeal.
Ample Parking & Detached Garage: A long driveway provides ample parking, complemented by a detached garage, offering practical convenience and storage solutions.
Price Reduction: The property has seen a significant price reduction from its original list price of $750,000 to $700,000, indicating a potentially more attractive entry point for buyers.

Cons

Needs Significant Renovation (TLC): The description explicitly states the home is a 'great project' requiring 'TLC,' indicating that substantial renovation and financial investment will be necessary to modernize and improve the property.
Limited Bathrooms: With only one bathroom for a 3-bedroom home, this could be a significant functional limitation for families or multiple occupants, potentially requiring future expansion or renovation.
Age of Property: Built in 1954, the home is over 70 years old, suggesting that major systems (plumbing, electrical, HVAC) and finishes may be original or outdated, potentially leading to higher maintenance costs and the need for significant upgrades.

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