223 E Emerson Avenue, Monterey Park, California 91755, Monterey Park, 91755 - 2 bed, 1 bath
ACTIVE$850,000
223 E Emerson Avenue, Monterey Park, California 91755
2Beds
1Bath
806Sqft
5,585Lot
Year Built
1926
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$1,055
HOA
-
Days on market
-
Sold On
-
MLS number
CV25091755
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 26% below the list price. We found 3 Cons,5 Pros. Rank: price - $850.0K(23th), sqft - 806(3th), beds - 2(15th), baths - 1(23th).
Excellent 2 bedroom house in a nice area of Monterey Park with lots of potential and spacious back yard.
Price History
Date
Event
Price
04/25/25
Listing
$850,000
Condition Rating
Poor
Built in 1926, this property is nearly 100 years old and shows minimal signs of significant renovation in many decades. The kitchen and bathroom are severely outdated with old cabinets, countertops, and fixtures, requiring complete gut renovations. Flooring consists of old ceramic tile throughout, and ceilings are textured/popcorn. The property lacks central HVAC, relying on window AC units and wall heaters, indicating major system deficiencies. While livable, it requires substantial rehabilitation and costly updates to major components (kitchen, bath, HVAC, electrical) to meet modern living standards, aligning with the 'Poor' condition.
Pros & Cons
Pros
Prime Location: Situated in a 'nice area of Monterey Park,' this property benefits from a highly desirable and established community, offering convenience and strong market appeal.
Significant Potential: The listing explicitly highlights 'lots of potential,' indicating ample opportunity for buyers to customize, renovate, or expand the property to significantly increase its value and align with personal preferences.
Generous Lot Size: With a 5,585 sqft lot, the property offers substantial outdoor space, providing room for landscaping, potential for an Accessory Dwelling Unit (ADU), or future expansion of the main residence.
Spacious Backyard: A key feature mentioned is the 'spacious back yard,' which is highly sought after for outdoor living, entertaining, gardening, or creating a private oasis in an urban environment.
Single-Family Residence: As a single-family home, it offers privacy, independence, and land ownership, a highly desirable asset class in the competitive Southern California real estate market.
Cons
Advanced Age of Property: Built in 1926, the home is nearly a century old, suggesting that it likely requires significant updates to its core systems (plumbing, electrical, HVAC) and may have deferred maintenance issues, necessitating substantial renovation costs.
Limited Interior Square Footage: At only 806 sqft, the living space is quite compact for a single-family home, which may limit its appeal to buyers seeking more spacious living arrangements or accommodating larger families.
Extensive Renovation Required: The 'potential' mentioned in the description strongly implies the property is not move-in ready and will demand considerable time, effort, and financial investment to modernize and bring it to contemporary standards.