829 Hershey Avenue, Monterey Park, California 91755, Monterey Park, 91755 - 0 bed, 0 bath
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Monterey Park, California 91755
This Modernized Multi-Unit Residential Asset is listed at $1,200,000, representing a stable entry point aligned with its $1,198,760 Fair Market Value. The property offers a rare four-unit configuration in Monterey Park, featuring a Condition Rating of 3 with extensive modernizations. Interior highlights include Quartz Countertops, Laminated Wood Floors, and energy-efficient Mini-Split AC units. Enhanced by a Safety Fire Sprinkler System and on-site laundry, this asset ensures high tenant demand within the Alhambra High School District. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house-hack.
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 | $515 | - |
A 208 E Newmark Avenue Sold | $1,300,000 | 4 | 3 | 2,528 | $514 | 0.9 mi |
B 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 move-in ready.
The property is move-in ready and features significant recent updates including newly renovated kitchens with quartz countertops, laminated wood flooring, and dual-pane windows. Modern systems such as fire sprinklers and mini-split AC units have been installed. While the structure is from 1915, the interior reflects extensive maintenance and modernization, though some bathroom tiling and fixtures appear to be from an earlier renovation period.
This rare four-unit configuration in Monterey Park offers a significant income-generating opportunity for investors looking for a turnkey rental property in a high-demand area.
The property features essential modern upgrades including a safety fire sprinkler system, quartz countertops, dual-pane windows, and energy-efficient mini-split AC units in all units.
Situated in a prime neighborhood with easy freeway access and close proximity to schools and shopping, ensuring high tenant desirability and long-term value retention.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2326, other record living area = 1926.
With over 300 days on the market and multiple price reductions, the property may face challenges with buyer perception or specific financing requirements for its unique configuration.
Originally built in 1915, the property may require more frequent maintenance and specialized inspections for aging infrastructure common to homes of this vintage.
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 | 1,499 | 88% |
| Lot Size | 7,284 | 6,916 | 56% |
| Price | $1.20M | $933.0K | 84% |
| Price per sq ft | $516 | $639 | 25% |
| Built year | 1915 | 1953 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 326 | 165 | 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