876 Durfee, South El Monte, California 91733, South El Monte, 91733 - 2 bed, 1 bath
ACTIVE$515,000$904/sqft
Est. Value: $461,973
-10%
AboveEstimate
876 Durfee, South El Monte, California 91733
2Beds
1Bath
904Sqft
5,097Lot
Price Vs. Estimate
The estimated value ($461,973.485) is $53,026.515 (10%) lower than the list price ($515,000). This property may be overpriced.
Key pros and cons
Top Pros:
Commercial Zoning & Investment Opportunity: The property is explicitly marketed as an 'Excellent Investment Opportunity' with Commercial zoning, making it highly attractive to both commercial and residential investors and developers.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5097, other record lot size in square feet = 5153.
Compared to the nearby listings
Price:$515.0K vs avg $782.5K ($-267,500)5%
Size:904 sqft vs avg 1,340.5 sqft16%
Price/sqft:$570 vs avg $54058%
More Insights
Built in 1926 (100 years old).
Condition: Built in 1926, this property is nearly a century old. The exterior shows significant signs of neglect, including faded paint and overgrown vegetation, indicating extensive deferred maintenance. Crucially, the complete absence of interior images strongly suggests the living spaces, including the kitchen and bathroom, are in very poor, likely unlivable, condition. The listing's emphasis on 'investment opportunity,' 'commercial zoning,' and the potential to 'purchase both and combine both properties' further indicates that the property's value lies almost entirely in the land for redevelopment, rather than the existing structure. The structure appears to be beyond practical repair for modern residential use.
Year Built
1926
Close
-
List price
$515K
Original List price
$515K
Price/Sqft
$570
HOA
-
Days on market
-
Sold On
-
MLS number
PW25256425
Home ConditionTear down
Features
Good View: Hills
Patio
ViewHills
About this home
Excellent Investment Opportunity! Featuring 904 Sqft of living space, 2 Bedrooms, 1 Bathroom, and a good sized lot of 5,097 Sqft. The property next door is also for sale from the same Trust, perfect possibility to purchase both and combine both properties. It is a Fantastic location, directly across the street from Whittier Narrows Park, Legg Lake, & South El Monte High School. Just minutes from the 60 & 605 Freeways & the Pico Rivera Sports Arena. The property sits in Commercial zoning so both Commercial & Residential Investors & Developers are welcome!
N
Nick Bakotich
Listing Agent
Condition Rating
Tear down
Built in 1926, this property is nearly a century old. The exterior shows significant signs of neglect, including faded paint and overgrown vegetation, indicating extensive deferred maintenance. Crucially, the complete absence of interior images strongly suggests the living spaces, including the kitchen and bathroom, are in very poor, likely unlivable, condition. The listing's emphasis on 'investment opportunity,' 'commercial zoning,' and the potential to 'purchase both and combine both properties' further indicates that the property's value lies almost entirely in the land for redevelopment, rather than the existing structure. The structure appears to be beyond practical repair for modern residential use.
Pros & Cons
Pros
Commercial Zoning & Investment Opportunity: The property is explicitly marketed as an 'Excellent Investment Opportunity' with Commercial zoning, making it highly attractive to both commercial and residential investors and developers.
Strategic Location: Situated directly across from Whittier Narrows Park, Legg Lake, and South El Monte High School, with convenient access to the 60 & 605 Freeways and Pico Rivera Sports Arena, offering excellent amenities and connectivity.
Development Potential (Adjacent Parcel): The unique possibility to purchase the adjacent property from the same Trust offers significant potential for combining parcels and larger-scale development or expansion.
Generous Lot Size: A good-sized lot of 5,097 Sqft provides ample space for potential expansion, landscaping, or redevelopment, especially beneficial given its commercial zoning.
Versatile Buyer Appeal: The property's commercial zoning and investment potential broaden its appeal to a diverse range of buyers, including residential investors, commercial investors, and developers.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5097, other record lot size in square feet = 5153.
Age of Property: Built in 1926, the property is nearly a century old, suggesting potential for significant deferred maintenance, outdated systems, and the need for extensive renovation to meet modern standards.
Limited Living Space: With only 904 Sqft of living space, 2 bedrooms, and 1 bathroom, the property offers very limited accommodation, which may not suit many modern family needs or preferences.
Overpriced Relative to Market Estimate: The listing price of $515,000 is notably higher than the estimated property value of $450,117.36, potentially making it less competitive and deterring buyers seeking fair market value.