829 Hershey Avenue, Monterey Park, California 91755, Monterey Park, 91755 - 7 bed, 5 bath
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Monterey Park, California 91755
This Multi-Unit Residential Asset represents a stable acquisition in Monterey Park, listed at $1,200,000—aligning closely with its $1,160,081 Fair Market Value. The property features four fully renovated units with an Excellent Condition Rating, upgraded with Quartz Countertops, Laminated Wood Floors, and a rare Fire Sprinkler System. Situated in the Alhambra High School District near major freeways, the turnkey interiors and dual-pane windows ensure low vacancy and immediate cash flow. This is an ideal opportunity for Buy-and-Hold Investors or Owner-Occupants seeking a high-quality 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 | 7 | 5 | 2,326 | $499 | - |
A 829 Hershey Avenue Active | $1,200,000 List Price | 0 | 0 | 2,326 | $516 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1915, the property has undergone extensive recent renovations across all four units. The interiors feature newly upgraded kitchens with quartz countertops and white shaker cabinets, modern laminated wood flooring, updated bathrooms, and recessed lighting. The addition of modern systems such as mini-split AC units, dual-pane windows, and a fire sprinkler system indicates a comprehensive overhaul that meets current quality standards with no visible deferred maintenance.
Configured as a four-unit property with seven bedrooms and five bathrooms, this residence offers a rare high-density rental opportunity in a high-demand Monterey Park submarket.
The units feature significant upgrades including quartz countertops, dual-pane windows, and laminated flooring, complemented by a rare safety fire sprinkler system for a building of this era.
The property boasts a prime location with excellent proximity to local schools, shopping centers, and major freeway access, ensuring consistent tenant appeal and low vacancy risk.
With 289 days on the market and a history of multiple price reductions, the property may face a perception of being stale or previously overpriced, affecting buyer leverage.
Originally built in 1915, the property's age may necessitate ongoing maintenance of older structural or utility systems that cosmetic renovations do not fully address.
Prime location in a desirable part of Monterey Park. Rare Investment Opportunity. Single Story 7bedrooms 5bathrooms (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 | 7.0 | 3.0 | 97% |
| Baths | 5.0 | 2.0 | 97% |
| 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 | 297 | 165 | 97% |
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
Jun 29, 2025
$1,390,000
Initial Listing