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 Income Asset is a rare Monterey Park find, listed at $1,200,000—a price reflecting its $1,153,103 Fair Market Value following strategic market adjustments. Holding an Excellent Condition Rating, the property consists of four units featuring Quartz Countertops, Laminated Wood Floors, and a professional Fire Sprinkler System. Located in the Alhambra High School District, the seven-bedroom layout is optimized for high rental demand and immediate cash flow, mirroring local trends for multi-unit housing. This turnkey acquisition is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to leverage a sophisticated house-hacking strategy.
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 | $496 | - |
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.
While originally built in 1915, the property has undergone significant recent renovations that align with the excellent criteria. Key updates include a newly upgraded kitchen with quartz countertops, new laminate wood flooring, and dual-pane windows. The systems have been modernized with a safety fire sprinkler system and mini-split AC units, indicating a comprehensive recent overhaul that negates the original age of the structure.
Configured as four units with seven bedrooms and five bathrooms, this property offers a rare investment opportunity for significant rental income in a high-demand Monterey Park submarket.
The units feature newly upgraded kitchens with quartz countertops, dual-pane windows, and laminated wood flooring, providing a turnkey appeal for both tenants and owners.
Equipped with a professional fire sprinkler system and a security-gated side entry, the property offers superior safety standards and peace of mind for multi-family living.
Originally built in 1915, the century-old structure may present underlying maintenance challenges or require updates to core systems not covered by recent cosmetic renovations.
The property has undergone multiple price reductions from an initial $1.39M to $1.2M, suggesting potential difficulties in valuation or securing financing for its specific multi-unit configuration.
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 | 1,493 | 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 | 342 | 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
Jun 29, 2025
$1,390,000
Initial Listing