829 Hershey Avenue, Monterey Park, California 91755, Monterey Park, 91755 - 0 bed, 0 bath
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Monterey Park, California 91755
This Rare Multi-Unit Investment Asset is listed at $1,200,000, aligning perfectly with its $1,200,000 Fair Market Value. The property features a unique 7-bedroom, 5-bathroom four-unit configuration in Mint Condition Rating, boasting extensive renovations including newly remodeled quartz kitchens, laminate flooring, and a safety fire sprinkler system. Located in a prime Monterey Park corridor within the Alhambra High School District, the asset provides immediate rental income potential with modernized mini-split AC units and gated security. This turnkey property is an ideal match for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 829 Hershey Avenue Subject | $1,200,000* List Price | 0 | 0 | 2,326 | $516 | - |
A 829 Hershey Avenue Active | $1,200,000 List Price | 7 | 5 | 2,326 | $516 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a recent comprehensive renovation (likely within <5 years) featuring newly upgraded kitchens with quartz countertops, modern shaker cabinets, and laminate flooring. Significant system upgrades are evident, including dual-pane windows, fire sprinkler systems, and modern mini-split AC units, meeting the criteria for mint condition.
This rare four-unit configuration in a prime Monterey Park location offers a high-demand rental opportunity with immediate income-generating potential.
The property features significant upgrades including newly remodeled kitchens with quartz countertops, dual-pane windows, and laminated wood flooring, reducing immediate capital expenditure.
Equipped with a fire sprinkler system, security gated entry, and individual mini-split AC units, the property provides modern safety and comfort features that attract quality tenants.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2326, other record living area = 1926.
Originally constructed in 1915, the property may require more frequent maintenance or face underlying infrastructure challenges common to century-old structures.
The significant price reductions from the original $1.39M listing to $1.2M suggest initial overvaluation or potential buyer resistance in the current market cycle.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 3% |
| Baths | 0.0 | 2.0 | 3% |
| Square foot | 2,326 | 1,493 | 85% |
| Lot Size | 7,284 | 7,074 | 54% |
| Price | $1.20M | $950.0K | 77% |
| Price per sq ft | $516 | $649 | 21% |
| Built year | 1915 | 1953 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 371 | 131 | 0% |
Mar 25, 2026
$1,200,000
$1,250,000
-4% Price Drop
Initial Listing
Sep 30, 2025
$1,250,000
$1,310,000
-5% Price Drop
Initial Listing
Sep 3, 2025
$1,310,000
Initial Listing
May 31, 2025
$1,390,000
Initial Listing
Dec 29, 2021
$1,078,000
Public Record
Jun 30, 2016
$550,000
Public Record
Aug 12, 2009
$550,000
Public Record
Apr 5, 2006
$457,000
Public Record
Nov 2, 2000
$149,000
Public Record