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$1,299,000
Listing Price4beds
2baths
1,507sqft
9,878sqft lot
812 W Fernfield Dr, Monterey Park, CA 91754
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
Prime Investment & Development Opportunity in Monterey Park. Unlock the full potential of this rare corner-lot property in the highly sought-after city of Monterey Park, perfect for savvy investors, developers, and income-focused buyers. This exceptional offering includes approved plans for two additional units: a 4-bed, 3-bath second unit and a 2-bed, 2-bath ADU, making it a fully entitled, shovel-ready project. The existing structure is a well-maintained 4-bedroom, 2-bath single-family home, providing immediate rental income while you build. Once completed, the property will feature three separate units ideal for maximizing cash flow, 1031 exchange opportunities, or long-term appreciation. Whether youre looking to: Live in one unit and rent the others, Create a high-yield multi-unit portfolio piece, or Take advantage of Monterey Parks strong rental demand, this property offers a powerful combination of location, entitlement, and income potential. Dont miss this rare opportunity to invest, develop, and generate lasting returns in one of Los Angeles Countys most desirable rental markets.
Interior Details
1507
4
2
Has Heating:
Yes
Heating Type:
Central
Has Cooling:
No
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
9878
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
N/A
N/A
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2019
$1,421
$34,876
$51,971
--%
$86,847
2019
$1,421
$34,193
$50,952
--%
$85,145
2018
$1,362
$33,523
$49,953
--%
$83,476
2017
$1,359
$32,866
$48,974
--%
$81,840
2016
$1,313
$32,222
$48,014
--%
$80,236
2014
$1,242
$31,117
$46,367
--%
$77,484
2013
$1,241
$30,977
$46,158
--%
$77,135
2012
$1,194
$30,370
$45,253
--%
$75,623
Average Home Price in 91754
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In August 2024, LA’s pre-foreclosures plummeted 50% from July and 60% from last year, suggesting better economic conditions or successful homeowner interventions. Similar trends in San Jose, while SF and SD remain stable. Sacramento shows significant improvement. LA’s efforts stand out. #HousingMarket #LosAngeles





