9348 Rush Street, South El Monte, California 91733, South El Monte, 91733 - 3 bed, 2 bath
ACTIVE UNDER CONTRACT$699,000
9348 Rush Street, South El Monte, California 91733
3Beds
2Baths
1,413Sqft
4,405Lot
Price Vs. Estimate
The estimated value ($646,027.685) is $52,972.315 (7%) lower than the list price ($699,000). This property may be overpriced.
Key pros and cons
Top Pros:
Flexible M-Manufacturing Zoning: The M-Manufacturing zoning offers diverse investment opportunities beyond residential, including manufacturing, warehouse, and distribution, significantly enhancing its value proposition for investors.
Top Cons:
Property Age: Built in 1940, the property's age suggests potential for deferred maintenance, outdated systems, and the need for substantial renovation to meet contemporary standards and preferences.
Compared to the nearby listings
Price:$699.0K vs avg $808.4K ($-109,444)25%
Size:1,413 sqft vs avg 1,360 sqft53%
Price/sqft:$495 vs avg $52544%
More Insights
Built in 1940 (85 years old).
Condition: Built in 1940, this property is significantly aged and shows extensive deferred maintenance. The kitchen is severely outdated with old wooden cabinets, tile countertops, and worn tile flooring, requiring a complete renovation. The interior features dated wood paneling, worn carpets, and old light fixtures throughout. The absence of central HVAC, indicated by a window AC unit and wall heater, further highlights the need for major system upgrades. While the structure appears sound, the property requires substantial repairs and rehabilitation to meet modern living standards, making it uncomfortable in its current state.
Year Built
1940
Close
-
List price
$699K
Original List price
$799K
Price/Sqft
$495
HOA
-
Days on market
-
Sold On
-
MLS number
OC24218124
Home ConditionPoor
Features
Good View: Neighborhood
ViewNeighborhood
About this home
BACK ON THE MARKET - SIGNIFICANT PRICE REDUCTION!- 9348 has 3BR/1.75BA with 1413sf living area on a 4,405sf lot. It includes a large 2 car detached garage with parking for an additional 2 cars. Home borders the Whittier Narrows Recreation Area which provides many outdoor recreational activities including ball fields, lakes, hiking and picnic areas. Address is zoned M-Manufacturing. This zoning could provide investors with other opportunities including manufacturing, warehouse and distribution. Home next door, 9342 Rush St, is also for sale from the same seller. Great opportunity to purchase both!
Condition Rating
Poor
Built in 1940, this property is significantly aged and shows extensive deferred maintenance. The kitchen is severely outdated with old wooden cabinets, tile countertops, and worn tile flooring, requiring a complete renovation. The interior features dated wood paneling, worn carpets, and old light fixtures throughout. The absence of central HVAC, indicated by a window AC unit and wall heater, further highlights the need for major system upgrades. While the structure appears sound, the property requires substantial repairs and rehabilitation to meet modern living standards, making it uncomfortable in its current state.
Pros & Cons
Pros
Flexible M-Manufacturing Zoning: The M-Manufacturing zoning offers diverse investment opportunities beyond residential, including manufacturing, warehouse, and distribution, significantly enhancing its value proposition for investors.
Proximity to Recreation Area: Direct border access to the Whittier Narrows Recreation Area provides immediate lifestyle benefits with numerous outdoor activities, appealing to residents.
Significant Price Reduction: A substantial price drop from $799,000 to $699,000 indicates a motivated seller and presents a compelling value opportunity for buyers.
Ample Parking & Detached Garage: Features a large 2-car detached garage and additional parking for 2 cars, a practical advantage for both residential and potential commercial uses.
Adjacent Property Purchase Opportunity: The availability of the neighboring property (9342 Rush St) from the same seller offers unique potential for expansion, larger-scale development, or a combined investment strategy.
Cons
Property Age: Built in 1940, the property's age suggests potential for deferred maintenance, outdated systems, and the need for substantial renovation to meet contemporary standards and preferences.
Active Under Contract Status: Despite being 'BACK ON THE MARKET,' the current 'Active Under Contract' status means the property is not immediately available for new offers, potentially frustrating interested buyers.
Residential in Manufacturing Zone Implications: While offering investment flexibility, the M-Manufacturing zoning may introduce challenges for residential living, such as increased noise, traffic, or industrial activity, potentially impacting residential quality of life.