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812 W Fernfield Dr, Monterey Park, CA 91754

List Price: $1,299,000On Market FlagOn market
Feb 3, 20251,640 sqft4 beds2 baths
Listed by: Walter Castillo
License #: 01141632
Phone #: 213-792-0940
Coldwell Banker Realty
Source:
CRMLS Logo
MLS #: 25493817

Property Description

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 you're looking to: Live in one unit and rent the others, Create a high-yield multi-unit portfolio piece, or Take advantage of Monterey Park's strong rental demand, this property offers a powerful combination of location, entitlement, and income potential. Don't miss this rare opportunity to invest, develop, and generate lasting returns in one of Los Angeles County's most desirable rental markets.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$21,558

TurboHome Estimated Value

$1,368,100

$834 sqft

High Valuation
$1,436,505
$876/sqft
Normal Valuation
$1,368,100
$834/sqft
Low Valuation
$1,299,695
$792/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$834/sqft$1,368,100

Neighborhood

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Comparative Value

$825K

$872K

$960K

$1.16M

$1.30M

5408 Fernfield Dr, Los Angeles, CA 90022

Sale Price: $825,000

Selected Comparable

5415 Via Corona St, Los Angeles, CA 90022

Sale Price: $846,000

Selected Comparable

525 W Markland Dr, Monterey Park, CA 91754

Sale Price: $872,000

Selected Comparable

407 S Gerhart Ave, Los Angeles, CA 90022

Sale Price: $960,000

Selected Comparable

2315 Hillview Ave, Monterey Park, CA 91754

Sale Price: $1,160,000

Selected Comparable

812 W Fernfield Dr, Monterey Park, CA 91754

List Price: $1,299,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
812 W Fernfield Dr, Monterey Park, CA 91754

812 W Fernfield Dr, Monterey Park, CA 91754

List: $1,299,000

Listed: 2/3/2025

Area:1,640 sqft
Price/sqft:$792
Beds:4
Baths:2
Year Built:
Lot Size:9,880

Comparable Properties

COMPARABLE
Choose comps
525 W Markland Dr, Monterey Park, CA 91754

525 W Markland Dr, Monterey Park, CA 91754

Sale: $872,000

7/8/20250.37 mi

Area:1,624 sqft
Price/sqft:$537
Beds:4
Baths:2
Year Built:
Weight:24.1%
5415 Via Corona St, Los Angeles, CA 90022

5415 Via Corona St, Los Angeles, CA 90022

Sale: $846,000

11/6/20240.40 mi

Area:1,667 sqft
Price/sqft:$507
Beds:4
Baths:2
Year Built:
Weight:21.7%
2315 Hillview Ave, Monterey Park, CA 91754

2315 Hillview Ave, Monterey Park, CA 91754

Sale: $1,160,000

6/27/20250.17 mi

Area:1,803 sqft
Price/sqft:$643
Beds:3
Baths:2
Year Built:
Weight:19.1%
407 S Gerhart Ave, Los Angeles, CA 90022

407 S Gerhart Ave, Los Angeles, CA 90022

Sale: $960,000

4/10/20250.47 mi

Area:2,170 sqft
Price/sqft:$442
Beds:4
Baths:2
Year Built:
Weight:17.9%
5408 Fernfield Dr, Los Angeles, CA 90022

5408 Fernfield Dr, Los Angeles, CA 90022

Sale: $825,000

4/15/20250.18 mi

Area:1,364 sqft
Price/sqft:$605
Beds:3
Baths:2
Year Built:
Weight:17.2%

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