5335 Monterey, Los Angeles, California 90042, Los Angeles, 90042 - 3 bed, 2 bath
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Los Angeles, California 90042
This property presents a Strong Value Opportunity with a List Price of $899,900—positioned well below the $978,227 Fair Market Value by 8%. This valuation gap offers $78,327 in Instant Equity for buyers. With a Condition Rating of 5, the home requires comprehensive modernization, yet features a 3-bedroom, 2-bath layout with a bonus office and scenic canyon views. This is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking to build long-term value through strategic renovation in a prime NELA location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5335 Monterey Subject | $899,900* List Price | 3 | 2 | 1,461 | $670 | - |
A 231 N Avenue 60 Sold | $978,000 | 3 | 2 | 1,588 | $616 | 0.9 mi |
B 712 S Avenue 60 Active Under Contract | $975,000 List Price | 3 | 2 | 1,254 | $778 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1981, the property is over 40 years old and appears to have mostly original or very dated finishes. The kitchen features worn, painted cabinetry and is missing appliances, while the bathrooms show significant age with dated tile and fixtures. The listing description explicitly mentions 'upside' and 'vision for upgrades,' indicating a need for a comprehensive rehab.
Situated in the desirable Hermon neighborhood, the property offers exceptional connectivity to Downtown LA, Pasadena, and Ernest E. Debs Regional Park, blending urban access with nature.
The floor plan includes three bedrooms plus a dedicated office/bonus room and a two-car garage, providing the versatility needed for modern work-from-home lifestyles.
Featuring a wood entertaining deck and multi-level outdoor areas with canyon and hill views, the property offers significant potential for creating a private hillside retreat.
The listing indicates a need for personalization and upgrades, suggesting that the home may require immediate capital investment to reach its full market potential.
The multi-level lot and hillside setting may limit traditional flat yard space and could present challenges for accessibility or future exterior expansions.
Nestled along the historic Monterey Road Pass in the cozy hillside community of Hermon, this 3-bedroom, 2-bath home with an additional office/bonus room offers character, flexibility, and incredible upside in one of Northeast Los Angeles’ most connected neighborhoods. Eligible for all financing types, the property presents a great opportunity for buyers looking to personalize a home while building long-term value. A spacious 2-car garage adds convenience, while the home’s layout provides versatile living spaces ready for your vision and upgrades. The main level features a wood entertaining deck perfect for hosting gatherings, outdoor dining, or simply enjoying the hillside surroundings. The multi-level outdoor spaces create endless possibilities, including the opportunity to design a serene and private retreat alongside the neighboring city park setting. Located near Ernest E. Debs Regional Park with quick access to Pasadena, Hermon Park, Downtown LA, and Dodger Stadium via the Arroyo Seco Parkway, this property combines nature, privacy, and urban accessibility in a truly unique setting.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,461 | 1,452 | 51% |
| Lot Size | 4,679 | 5,596 | 24% |
| Price | $899.9K | $1.20M | 21% |
| Price per sq ft | $616 | $882 | 15% |
| Built year | 1981 | 1924 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 128 | 1% |
May 22, 2026
$899,900
Initial Listing