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501 W Floral Drive, Monterey Park, California 91754, Monterey Park, 91754 - 3 bed, 3 bath

501 W Floral Drive, Monterey Park, California 91754 home-pic-0
ACTIVE$950,000
501 W Floral Drive, Monterey Park, California 91754
3Beds
3Baths
1,336Sqft
5,759Lot
Year Built
1948
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$711
HOA
-
Days on market
-
Sold On
-
MLS number
WS25250075
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

Great Deal:The estimated price is 5% above the list price. We found 3 Cons,5 Pros. Rank: price - $950.0K(50th), sqft - 1336(33th), beds - 3(50th), baths - 3(79th).

Single-Story Home with Bonus Studio for sale! A charming single-story home located on a tree-lined street in one of Monterey Park’s most convenient neighborhoods. The main house offers 3 bedrooms and 2 full bathrooms, a primary suite with its own ensuite bath. The floor plan is comfortable and functional, making it easy to enjoy day-to-day living. A separate permitted rumpus room with its own kitchen area and bathroom adds flexibility — ideal for a guest suite, studio, or potential rental. The property has a 2-car garage that offers an opportunity for additional ADU living space. Newly added in 2025 are a new roof, central AC, wood flooring, recessed lighting and garage door. Nearby, you’ll find everyday conveniences such as grocery shopping, restaurants, and services at Atlantic Square and Prado Center, all within walking distance. Enjoy quick access to the 60 Freeway, making commutes across the San Gabriel Valley and into Downtown Los Angeles a breeze. If you’re looking for a versatile property in a well-located neighborhood, 501 W Floral Dr is a fantastic opportunity.

Price History

Date
Event
Price
10/30/25
Listing
$950,000
Condition Rating
Excellent
Despite being built in 1948, this property has undergone extensive renovations in 2025, including a new roof, central AC, wood flooring, recessed lighting, and a new garage door. The visible living areas and bedrooms feature new wood-look laminate flooring and recessed lighting, presenting a modern and move-in ready condition. While one bathroom shows slightly older tile work, it is clean and functional with a newer vanity. The overall scope of recent upgrades, addressing major systems and aesthetics, aligns with a property extensively renovated within the last year, minimizing deferred maintenance and enhancing modern living.
Pros & Cons

Pros

Extensive Recent Upgrades: The property features significant recent renovations completed in 2025, including a new roof, central AC, wood flooring, recessed lighting, and a new garage door, which minimizes immediate buyer expenses and enhances modern living.
Versatile Income/Flex Space Potential: A separate, permitted rumpus room with its own kitchen area and bathroom provides excellent flexibility for a guest suite, studio, or potential rental income, complemented by ADU potential in the 2-car garage.
Prime Walkable & Commuter-Friendly Location: Located on a desirable tree-lined street in a convenient Monterey Park neighborhood, offering walkability to Atlantic Square and Prado Center for amenities, plus quick access to the 60 Freeway for easy commutes to Downtown LA and the San Gabriel Valley.
Functional Single-Story Layout: The comfortable and functional single-story floor plan, including a primary suite with an ensuite bath, appeals to a broad range of buyers seeking accessibility and practical day-to-day living.
Attractive Price Point Relative to Market Value: The listing price of $950,000 is below the estimated market value of $973,397.79, suggesting a compelling investment opportunity for potential buyers.

Cons

Original Construction Age: Built in 1948, the property's underlying structure is older, which, despite recent updates, may raise concerns for some buyers regarding potential unseen infrastructure issues or maintenance needs not covered by the 2025 renovations.
Modest Main House Square Footage: At 1336 sqft for the main house, the living space might be considered modest for its price point in the area, potentially limiting appeal for buyers seeking larger primary residences, even with the bonus room.
Standard Neighborhood View: While the property 'has a view,' it is specified as a 'Neighborhood' view, which is less premium than panoramic or scenic views, potentially not meeting the expectations of buyers prioritizing exceptional vistas.

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