117 Gladys Ave, Monterey Park, California 91755, Monterey Park, 91755 - bed, bath
ACTIVE$1,200,000
117 Gladys Ave, Monterey Park, California 91755
0Bed
0Bath
2,080Sqft
7,682Lot
Year Built
1957
Close
-
List price
$1.2M
Original List price
$1.3M
Price/Sqft
$577
HOA
-
Days on market
-
Sold On
-
MLS number
WS25242846
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.20M(50th), sqft - 2080(50th), beds - undefined(50th), baths - undefined(50th).
Price History
Date
Event
Price
12/11/25
Price Change
$1,200,000-6.2%
10/30/25
Price Change
$1,279,000-1.5%
10/19/25
Listing
$1,299,000
Condition Rating
Poor
Built in 1957, this quadruplex shows significant age and wear on its exterior, including worn stucco, older windows, and cracked asphalt. The absence of interior photos, particularly for kitchens and bathrooms, combined with the property's age and the AI analysis indicating a 'lack of modern amenities' and a need for 'substantial capital expenditure for updates to major systems (e.g., plumbing, electrical) and cosmetic renovations,' strongly suggests these areas are severely outdated and in poor condition. The property requires substantial repairs and rehabilitation to meet modern living standards and tenant expectations.
Pros & Cons
Pros
Income-Generating Asset: As a quadruplex, the property offers multiple rental units, providing diversified income streams and strong investment potential.
Desirable Location: Located in Monterey Park, a well-regarded area in Los Angeles County, which typically attracts stable tenant demand and offers good community amenities.
Significant Lot Size: The 7,682 sqft lot provides ample space, potentially allowing for outdoor amenities, additional parking, or future expansion/redevelopment opportunities (subject to zoning).
Motivated Seller/Price Adjustment: Multiple price reductions from the original list price indicate a motivated seller, potentially offering a favorable purchase opportunity for a savvy buyer.
Value-Add Potential: Built in 1957, the property likely presents significant opportunities for renovation and modernization to increase rental income and overall property value.
Cons
Property Age & Condition: Constructed in 1957, the property is likely to require substantial capital expenditure for updates to major systems (e.g., plumbing, electrical) and cosmetic renovations to meet modern tenant expectations.
Lack of Modern Amenities: Without specific mention of recent upgrades, the units may lack contemporary amenities and finishes, which could impact rental rates and tenant attraction compared to newer or recently renovated properties.
Extended Market Time/Price History: The history of multiple price reductions suggests the property may have faced challenges in attracting buyers at its initial price points, potentially indicating underlying issues or an overestimation of initial value.