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121 Electric Avenue, Monterey Park, California 91754, Monterey Park, 91754 - 2 bed, 2 bath

121 Electric Avenue, Monterey Park, California 91754 home-pic-0
ACTIVE$698,000
121 Electric Avenue, Monterey Park, California 91754
2Beds
2Baths
950Sqft
5,778Lot
Year Built
1928
Close
-
List price
$698K
Original List price
$860K
Price/Sqft
$735
HOA
-
Days on market
-
Sold On
-
MLS number
WS25226615
Home ConditionPoor
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $698.0K(4th), sqft - 950(10th), beds - 2(19th), baths - 2(50th).

Investor’s Dream Opportunity in Prime Monterey Park! First time on the market in over 30 years! Situated on a generous 5,778 sqft lot, this charming 950 sqft, 2 bed / 2 bath home also includes a bonus unit of approx. 290 sqft (1 bed / 1 bath, separate entrance). Combined, the property offers approx. 1,240sqft of living space(buyer to verify), offering flexibility for extended family or rental income potential. This desirable corner lot, east-facing property is filled with natural light and located in one of Monterey Park’s most coveted neighborhoods, known for its top-rated schools (Monterey Highlands Elementary 8/10, Mark Keppel High School 10/10). Excellent walk score and unbeatable convenience — just minutes to supermarkets, local shops, and easy access to the 10 freeway. Whether you’re looking to renovate, expand, or build new, this property offers endless potential in a highly sought-after location. Don’t miss this rare opportunity!

Price History

Date
Event
Price
12/05/25
Price Change
$698,000-18.8%
09/26/25
Listing
$860,000
Condition Rating
Poor
Built in 1928 and on the market for the first time in over 30 years, this property is in a state of significant disrepair and neglect. The exterior images reveal an aged stucco facade, unkempt landscaping, and a yard filled with debris, indicating extensive deferred maintenance. While no interior photos are provided, the property description explicitly states 'Extensive Renovation Required' and suggests options to 'renovate, expand, or build new,' strongly implying that the interior, including the kitchen and bathrooms, is severely outdated and requires substantial rehabilitation. All major systems, fixtures, and finishes are likely well past their useful life and would need complete replacement to meet modern standards and safety requirements.
Pros & Cons

Pros

Investment & Development Potential: Explicitly marketed as an 'Investor's Dream' with significant potential for renovation, expansion, or new construction on a generous lot.
Prime Location & Accessibility: Situated in a highly sought-after Monterey Park neighborhood with an excellent walk score, close proximity to amenities, and easy freeway access.
Income/Flexibility with Bonus Unit: Includes a separate 290 sqft 1-bed/1-bath bonus unit, offering immediate potential for rental income or multi-generational living.
Top-Tier School District: Located within the attendance boundaries of highly-rated schools (Monterey Highlands Elementary 8/10, Mark Keppel High School 10/10), enhancing family appeal.
Desirable Corner Lot: A generous 5,778 sqft corner lot provides ample space, potential for enhanced natural light, and greater design flexibility.

Cons

Extensive Renovation Required: Built in 1928 and on the market for the first time in over 30 years, indicating the property likely requires substantial modernization and capital investment.
Significant Price Reduction: A recent and substantial price drop from $860,000 to $698,000 suggests initial overpricing or market resistance to the property's current condition/value.
Limited Main Home Living Space: The primary residence offers a relatively modest 950 sqft, which may be a constraint for buyers seeking larger living areas without immediate expansion.

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