829 Hershey Avenue 4, Monterey Park, California 91755, Monterey Park, 91755 - bed, bath
ACTIVE$1,250,000
829 Hershey Avenue 4, Monterey Park, California 91755
0Bed
0Bath
2,326Sqft
7,284Lot
Year Built
1915
Close
-
List price
$1.25M
Original List price
$1.39M
Price/Sqft
$537
HOA
-
Days on market
-
Sold On
-
MLS number
TR25121298
Home ConditionGood
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.25M(85th), sqft - 2326(87th), beds - undefined(5th), baths - undefined(5th).
Prime location in a desirable part of Monterey Park. Rare Investment Opportunity. Single Story 4 units Home with Safety Fire Sprinkler System. All units in excellent condition. Newly Upgraded Kitchen with Quartz Counter Top. Dual Pane Windows. Laminated Wood Floors. Security Gated Side Entry. Coin operated laundry facilities on site, all units include a refrigerator and 2 mini split AC. Convenient location close to schools, stores, and easy access to freeway.
Price History
Date
Event
Price
09/30/25
Price Change
$1,250,000-4.6%
09/03/25
Price Change
$1,310,000
05/31/25
Listing
$1,390,000
Condition Rating
Good
Despite being built in 1915, the property has undergone significant recent renovations, including a newly upgraded kitchen with modern white shaker cabinets, dark countertops (described as Quartz), and updated appliances (refrigerator, gas cooktop, stainless steel hood). The flooring throughout is modern laminate, and the property benefits from dual-pane windows and mini-split AC units, indicating recent and efficient system upgrades. While the bathroom is clean and functional with a jetted tub and separate shower, its brown/tan tile work and fixtures appear dated in style compared to the rest of the unit's modern updates. However, it does not require immediate renovation. The property is move-in ready with well-maintained systems, aligning with a 'Good' condition score, as not all components (specifically the bathroom's aesthetic) are 'new or virtually new' to qualify for 'Excellent'.
Pros & Cons
Pros
Investment Opportunity: This property is a rare investment opportunity, featuring a single-story, four-unit home, ideal for generating rental income.
Prime Location & Accessibility: Situated in a desirable part of Monterey Park, the property boasts a prime and convenient location close to schools, stores, and offers easy freeway access, enhancing tenant appeal.
Recent Upgrades & Modern Amenities: Units feature newly upgraded kitchens with Quartz countertops, dual-pane windows, laminated wood floors, and each includes a refrigerator and two mini-split AC units, appealing to modern tenants.
Excellent Condition & Safety Features: All units are in excellent condition, complemented by a safety fire sprinkler system and a security-gated side entry, ensuring tenant safety and property integrity.
On-Site Laundry Facility: The presence of coin-operated laundry facilities on site provides a convenient amenity for tenants and an additional income stream for the owner.
Cons
Age of Structure: Built in 1915, the property's underlying structure is over a century old, which, despite recent cosmetic upgrades, may imply potential for unforeseen issues with plumbing, electrical, or foundation, leading to higher long-term maintenance costs.
Non-Centralized Cooling System: While each unit has two mini-split ACs, the absence of a central air conditioning system might be less desirable for some tenants and potentially less efficient for cooling entire units compared to a full HVAC system.
Shared Living Environment: As a single-story, four-unit home with a security-gated side entry, tenants likely share common access points and potentially walls, which could lead to reduced privacy compared to detached housing options.