223 E Emerson Avenue, Monterey Park, California 91755, Monterey Park, 91755 - 2 bed, 1 bath
ACTIVE UNDER CONTRACT$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
CV25194468
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
08/29/25
Listing
$850,000
Condition Rating
Poor
Built in 1926, this property shows significant signs of age and has not undergone major renovations in many decades. The kitchen features outdated cabinetry, worn countertops, and older appliances. The bathroom is similarly dated with an old vanity, fixtures, and tile. Flooring consists of old ceramic tile and possibly worn carpet. Cooling is handled by window AC units, and heating by a wall unit, indicating a lack of modern HVAC systems. The overall aesthetic and functional components require substantial rehabilitation to meet current living standards, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Desirable Location: Located in a 'nice area of Monterey Park,' offering a sought-after neighborhood with potential for appreciation.
Significant Potential: The property is explicitly noted as having 'lots of potential,' suggesting opportunities for renovation, customization, and value addition.
Generous Outdoor Space: Features a 'spacious back yard' and a substantial 5585 sqft lot, providing ample outdoor living space and potential for expansion.
Single-Family Residence: As a single-family home, it offers privacy and autonomy, a highly desirable property type in the market.
Market Demand Indication: Currently 'Active Under Contract,' which indicates strong buyer interest and market activity for the property.
Cons
Substantial Overpricing: The listing price of $850,000 is significantly higher (26% above) the estimated property value of $620,535.34, which may deter potential buyers or lead to negotiation challenges.
Advanced Age & Condition: Built in 1926, the property is likely to require considerable updates, repairs, and maintenance to meet modern standards and expectations.
Compact Interior Space: With only 806 sqft, the interior living space is relatively small for a 2-bedroom home, potentially limiting its appeal to buyers seeking more spacious accommodations.