829 Hershey Avenue, Monterey Park, California 91755, Monterey Park, 91755 - 7 bed, 5 bath
ACTIVE$1,250,000
829 Hershey Avenue, Monterey Park, California 91755
7Beds
5Baths
2,326Sqft
7,284Lot
Price Vs. Estimate
The estimated value ($1,250,000) is $0 (0%) lower than the list price ($1,250,000). This property may be overpriced.
Key pros and cons
Top Pros:
Strong Investment Potential: Explicitly marketed as a 'Rare Investment Opportunity' with 4 units providing multiple income streams, ideal for generating rental income.
Top Cons:
Advanced Age of Structure: Built in 1915, the property's age could imply potential for hidden structural or system issues despite recent cosmetic upgrades, requiring thorough inspection.
Compared to the nearby listings
Price:$1.25M vs avg $958.0K (+$292,000)85%
Size:2,326 sqft vs avg 1,588 sqft87%
Price/sqft:$537 vs avg $64426%
More Insights
Built in 1915 (110 years old).
Condition: The property, built in 1915, has undergone significant recent renovations, including newly upgraded kitchens with quartz countertops, modern white cabinetry, and stainless steel appliances (in at least one unit). It features laminated wood floors, dual-pane windows, and mini-split AC units, indicating substantial updates for energy efficiency and comfort. One bathroom shown is also modern with a glass-enclosed shower and new vanity. However, another bathroom displayed clearly shows older, dated tiling and a tub/shower combo, contradicting the description's claim of 'All units in excellent condition' and preventing an 'Excellent' rating. While largely move-in ready with many updated components, the inconsistency in bathroom renovations means it has not undergone a full, uniform recent renovation across all areas.
Year Built
1915
Close
-
List price
$1.25M
Original List price
$1.39M
Price/Sqft
$537
HOA
-
Days on market
-
Sold On
-
MLS number
TR25145609
Home ConditionGood
Features
View-
About this home
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.
Condition Rating
Good
The property, built in 1915, has undergone significant recent renovations, including newly upgraded kitchens with quartz countertops, modern white cabinetry, and stainless steel appliances (in at least one unit). It features laminated wood floors, dual-pane windows, and mini-split AC units, indicating substantial updates for energy efficiency and comfort. One bathroom shown is also modern with a glass-enclosed shower and new vanity. However, another bathroom displayed clearly shows older, dated tiling and a tub/shower combo, contradicting the description's claim of 'All units in excellent condition' and preventing an 'Excellent' rating. While largely move-in ready with many updated components, the inconsistency in bathroom renovations means it has not undergone a full, uniform recent renovation across all areas.
Pros & Cons
Pros
Strong Investment Potential: Explicitly marketed as a 'Rare Investment Opportunity' with 4 units providing multiple income streams, ideal for generating rental income.
Desirable & Convenient Location: Situated in a 'Prime location in a desirable part of Monterey Park,' offering 'Convenient location close to schools, stores, and easy access to freeway,' enhancing tenant appeal.
Recent Upgrades & Good Condition: Features 'Newly Upgraded Kitchen with Quartz Counter Top, Dual Pane Windows, Laminated Wood Floors,' and all units are stated to be in 'excellent condition,' reducing immediate renovation needs.
Enhanced Safety & Tenant Amenities: Includes a 'Safety Fire Sprinkler System,' 'Security Gated Side Entry,' 'Coin operated laundry facilities on site,' and '2 mini split AC' in all units, adding value for tenants and owners.
Multi-Unit Configuration: The property consists of 4 distinct units, maximizing rental income potential and offering flexibility for various tenant types.
Cons
Advanced Age of Structure: Built in 1915, the property's age could imply potential for hidden structural or system issues despite recent cosmetic upgrades, requiring thorough inspection.
Discrepancy in Property Type: Listed as a 'Single Family Residence' but described as having '4 units,' which could lead to zoning, financing, or legal complications that need to be verified.
Significant Price Reductions: The property has undergone multiple price reductions from $1.39M to $1.25M, suggesting it may have been initially overpriced or is struggling to attract buyers at its current valuation.