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$1,350,000

Beds
4
Baths
2.0
sq ft
1,640

812 W Fernfield Dr, Monterey Park, CA 91754

812 W Fernfield Dr

Monterey Park, CA 91754

  • 19 days on market
An exceptional development opportunity in one of Los Angeles' most coveted neighborhoods , Monterey Park. Nestled on a tranquil street, this rare property comes with RTI-approved plans for two additional units: a second unit featuring 3 bedrooms and 2 baths, and an ADU with 2 bedrooms and 2 baths. A turnkey project for investors, developers, and builders, this property offers the potential to create an architectural masterpiece with strong returns. The existing residence is a charming 4-bedroom, 2-bath single-family home situated on a spacious corner lot, providing ample space for all three structures. Whether you're looking to expand your real estate portfolio, create a multi-generational living arrangement, or generate rental income, this property offers limitless potential. With the flexibility to live in one unit while leasing the others or to capitalize on the rising demand for multi-family housing, this Monterey Park gem is an unparalleled investment opportunity. Don't miss your chance to develop, invest, and thrive in one of the city's most desirable locations!

Details

Property type

Single Family Residence

Est. home value

$926,656

Lot size

9,880 sq ft

Price per sq ft

$824

Year built

1950

HOA

No

Price History

02/03/2025
CLAW

CLAW #25493817

Listed
$1,350,000
+64.63%
05/27/2022
CRMLS

CRMLS #PW22069493

Sold
$820,000
+5.81%
05/07/2021
CRMLS

CRMLS #PW21054595

Sold
$775,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$606,021
Asking price
$1,350,000
Closing costs (~8% of asking)
-$108,000
Est. remaining loan balance
-$635,979
Cash to seller
$606,021

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Sprout Mortgage Llc

Loan start date

April 2022

Original loan amount

$656,000

Est. remaining balance

$635,979

Interest rate

3.85%

Loan type

New Conventional, 40 year

Seller

Moises Brena and Sofia A Ponce

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/23/2025 at 1:30 AM

Listing updated: 02/18/2025 at 2:07 PM

Listed by: Walter Castillo, Coldwell Banker Realty Phone #: (323) 464-9272

MLS: CLAW #25493817

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