719 E Mabel Avenue, Monterey Park, California 91755, Monterey Park, 91755 - bed, bath
ACTIVE$1,799,000
719 E Mabel Avenue, Monterey Park, California 91755
0Bed
0Bath
3,461Sqft
11,084Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High-Yield Investment Opportunity: A rare 5-unit multi-family property explicitly positioned as an 'Excellent Investment Opportunity' in a desirable market, offering significant income potential.
Top Cons:
Substantial Price Reductions: The property has undergone multiple price reductions, from an original list price of $2.05M down to $1.799M, which may indicate initial overpricing or challenges in attracting buyers.
Compared to the nearby listings
Price:$1.80M vs avg $1.60M (+$199,500)50%
Size:3,461 sqft vs avg 6,467 sqft50%
Price/sqft:$520 vs avg $33450%
More Insights
Built in 1953 (72 years old).
Condition: Built in 1953, this property is over 70 years old. While the description states it has been 'thoughtfully updated over the years' and is 'solid, functional,' there are no interior images, particularly of the kitchens and bathrooms, to assess the extent or recency of these updates. The exterior images show a dated but maintained appearance. Without evidence of recent, extensive renovations (within the last 5-15 years) or modern features in key areas like kitchens and bathrooms, the property likely features functional but outdated components, aligning with the 'Fair' category.
Year Built
1953
Close
-
List price
$1.8M
Original List price
$2.05M
Price/Sqft
$520
HOA
-
Days on market
-
Sold On
-
MLS number
WS25197689
Home ConditionFair
Features
View-
About this home
Excellent Investment Opportunity in Monterey Park Welcome to 719 E Mabel Ave, a rare 5-unit multi-family property located in one of Monterey Park’s most desirable neighborhoods. This well-maintained complex features three 2-bed/1-bath units, one 3-bed/1-bath unit, and one studio, offering a diverse rental mix that appeals to a wide range of tenants. With a total of approx. 3,461 sq. ft. of living space on a generous ~0.25-acre lot, the property also includes 3 garage spaces and additional parking, ensuring convenience for residents. Built in 1953 and thoughtfully updated over the years, the building is solid, functional, and positioned for long-term value. Three 2-bedroom, 1-bath units One 3-bedroom, 1-bath unit One studio unit
Condition Rating
Fair
Built in 1953, this property is over 70 years old. While the description states it has been 'thoughtfully updated over the years' and is 'solid, functional,' there are no interior images, particularly of the kitchens and bathrooms, to assess the extent or recency of these updates. The exterior images show a dated but maintained appearance. Without evidence of recent, extensive renovations (within the last 5-15 years) or modern features in key areas like kitchens and bathrooms, the property likely features functional but outdated components, aligning with the 'Fair' category.
Pros & Cons
Pros
High-Yield Investment Opportunity: A rare 5-unit multi-family property explicitly positioned as an 'Excellent Investment Opportunity' in a desirable market, offering significant income potential.
Diverse Unit Mix: Features three 2-bed/1-bath, one 3-bed/1-bath, and one studio unit, catering to a broad tenant base and enhancing rental income stability.
Prime Monterey Park Location: Situated in one of Monterey Park's most desirable neighborhoods, contributing to strong tenant demand and property appreciation potential.
Ample Parking Facilities: Provides 3 garage spaces and additional parking, a significant amenity for a multi-unit property that enhances tenant convenience and appeal.
Generous Lot Size: Occupies a substantial ~0.25-acre (11,084 sq ft) lot, offering potential for outdoor amenities or future development considerations.
Cons
Substantial Price Reductions: The property has undergone multiple price reductions, from an original list price of $2.05M down to $1.799M, which may indicate initial overpricing or challenges in attracting buyers.
Age of Construction: Built in 1953, the property's age, despite being described as 'thoughtfully updated,' could imply potential for aging infrastructure, higher maintenance costs, or less modern layouts compared to newer constructions.
Discrepancy in Property Type: The listing's sub-type is 'Duplex' while the description clearly states it is a '5-unit multi-family property,' which requires immediate clarification regarding zoning, permits, and legal conformity.