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975 Metro, Monterey Park, California 91755, Monterey Park, 91755 - 6 bed, 4 bath

975 Metro, Monterey Park, California 91755 home-pic-0
ACTIVE$1,148,800$2,351/sqft
Est. Value: $1,217,186
5%
BelowEstimate
975 Metro, Monterey Park, California 91755
6Beds
4Baths
2,351Sqft
6,821Lot

Price Vs. Estimate

The estimated value ($1,217,185.68) is $68,385.68 (5%) higher than the list price ($1,148,800). This property may be underpriced.

Key pros and cons

Top Pros:
Prime Location & Convenience: Situated in the core area of Monterey Park, offering exceptional convenience with easy access to schools, supermarkets, parks, and other daily necessities.
Top Cons:
Age of Construction & Unspecified System Updates: Built in 1960, and while renovated in 1990 and 2010, the description does not specify the extent of updates to major systems (e.g., plumbing, electrical, HVAC), which could imply potential for future maintenance or upgrades.

Compared to the nearby listings

Price:$1.15M vs avg $956.5K (+$192,300)79%
Size:2,351 sqft vs avg 1,533 sqft92%
Price/sqft:$489 vs avg $64613%

More Insights

Built in 1960 (66 years old).
Condition: Despite being built in 1960, the property underwent significant upgrades in 2010, which is within the 5-15 year renovation window for a 'Good' rating. The images reveal a move-in ready home with updated kitchens featuring white cabinets, granite/quartz countertops, and stainless steel appliances. Bathrooms also appear updated with modern vanities and fixtures. New-looking laminate flooring, fresh paint, and modern split AC units throughout indicate a well-maintained property with minimal wear and tear, requiring no immediate renovations.
Year Built
1960
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$489
HOA
-
Days on market
-
Sold On
-
MLS number
WS26010411
Home ConditionGood
Features
View-

About this home

Core area of Monterey Park, Los Angeles. It offers great convenience for daily life, with easy access to schools, supermarkets, parks, and more. As a school district property, the high school scores 9-10 out of 10, making it an ideal place to live. - Total Area: 2,351 sqft, with a lot size of 6,819 sqft. The enclosed balcony covers 295 sqft, which is not included in the total area. The spacious layout meets the needs of multi-person families. - Floor Plan: 5 bedrooms + 1 study + 1 family room + 4 bathrooms + 1 large enclosed balcony. It has 3 independent entrances/exits and supports subletting. - Clear Renovation History: Built and upgraded in 1960, 1990, and 2010 respectively, ensuring both basic quality and post-renovation optimization. Access & Parking: - 3 independent entrances/exits for flexible access, suitable for subletting or independent use. - Equipped with a double garage (can actually park 4 cars), and free street parking is available right in front of the house. Core Advantages: 1. Rental Income: The previous total monthly rent reached $7,200. Partial rooms can be sublet, making it suitable for both investment and self-occupation. 2. Added Value: A large number of fruit trees are planted on the hillside behind the house, providing fresh fruits daily and adding fun to life. 3. Great Potential for Expansion: The hillside behind the house is eligible for ADU (Accessory Dwelling Unit) construction, and neighboring properties have successfully completed ADU builds, offering a practical reference for planning and implementation. Whether you are looking for a high-quality home for self-occupation or a high-potential property for investment, this listing is an excellent choice!

C
CHUNLING WANG
Listing Agent

Price History

Date
Event
Price
05/10/24
Sold
$1,170,000
04/02/03
Sold
$358,000
Condition Rating
Good
Despite being built in 1960, the property underwent significant upgrades in 2010, which is within the 5-15 year renovation window for a 'Good' rating. The images reveal a move-in ready home with updated kitchens featuring white cabinets, granite/quartz countertops, and stainless steel appliances. Bathrooms also appear updated with modern vanities and fixtures. New-looking laminate flooring, fresh paint, and modern split AC units throughout indicate a well-maintained property with minimal wear and tear, requiring no immediate renovations.
Pros & Cons

Pros

Prime Location & Convenience: Situated in the core area of Monterey Park, offering exceptional convenience with easy access to schools, supermarkets, parks, and other daily necessities.
Significant Income & Subletting Potential: The property boasts strong rental income potential, with previous monthly rents reaching $7,200, and its flexible layout with three independent entrances supports partial subletting for investment or multi-generational living.
ADU Development Opportunity: The hillside behind the house is eligible for Accessory Dwelling Unit (ADU) construction, providing a clear path for future value addition and increased income, with successful neighboring examples.
Spacious & Versatile Floor Plan: A generous 2,351 sqft layout featuring 5 bedrooms, 1 study, 1 family room, 4 bathrooms, and a large enclosed balcony, designed to comfortably accommodate multi-person families.
Top-Rated School District: Located within a highly desirable school district, with high school scores of 9-10 out of 10, making it an attractive option for families prioritizing education.

Cons

Age of Construction & Unspecified System Updates: Built in 1960, and while renovated in 1990 and 2010, the description does not specify the extent of updates to major systems (e.g., plumbing, electrical, HVAC), which could imply potential for future maintenance or upgrades.
Lack of Scenic Views: The property explicitly states 'None' for views, which may be a drawback for buyers seeking panoramic or aesthetic outdoor perspectives.
Hillside Lot Maintenance & Accessibility: While offering ADU potential, a hillside lot can present challenges related to landscaping, erosion control, and general accessibility, potentially requiring more specialized maintenance and upkeep.
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