NOT LISTED FOR SALE

514 E Graves Ave Monterey Park, CA 91755

Estimated Value: $898,000 - $1,015,000

3 Beds
1 Bath
1,196 Sq Ft
$790/Sq Ft Est. Value

Last Sold May 15, 2023

Last sale price $850,000 $711 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,713/month

6 Days on Market

Highlights

  • Detached Guest House
  • Park or Greenbelt View
  • No HOA
  • Garvey (Richard) Intermediate School Rated A-
  • Private Yard
  • Front Porch

About This Home

As of May 2023

Welcome to your charming new home in Monterey Park! This special property has been in the owner's family for over 70 years and is now ready for its next chapter. Sitting on an expansive lot of over 11,000 square feet, this is a unique opportunity to own a piece of history in a prime location. The main home features 3 bedrooms, 1 bath, a spacious living area, and dining section. There is also a detached garage that offers plenty of storage space and a convenient 458 square foot bonus room attached to the rear of the garage, complete with its own bathroom. This bonus room is perfect for a home office, studio, or additional living space - the possibilities are endless! The property is a true fixer upper, offering you the chance to put your own personal touch and transform it into your dream home. With Garvey Ranch Park right behind the home, you'll have a beautiful natural backdrop to enjoy, providing a sense of peace and tranquility. The spacious lot also presents exciting opportunities for expansion, with plenty of room for an ADU (Accessory Dwelling Unit) to create additional income potential or to accommodate extended family. Imagine the possibilities! This home is not just a property, but a part of history with a story to tell. Don't miss this chance to make it your own and create lasting memories for generations to come. Come and see the potential that awaits you in this wonderful family-owned home in Monterey Park!

Last Agent to Sell the Property

Mario Alfaro

SoCal Realty Partners License #01851195 Listed on: 04/14/2023

Last Buyer's Agent

CHENGLIANG (Deb) YAO

RE/MAX PREMIER/ARCADIA License #02149666

RE/MAX PREMIER/ARCADIA

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1952

Lot Details

  • 0.25 Acre Lot
  • Wood Fence
  • Block Wall Fence
  • Chain Link Fence
  • Level Lot
  • Private Yard
  • Back and Front Yard
  • 5260006006
  • Property is zoned MPR2YY

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway
  • RV Potential

Home Design

  • Entry on the 1st floor
  • Fixer Upper
  • Raised Foundation
  • Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,196 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Park or Greenbelt Views

Kitchen

  • Eat-In Kitchen
  • Free-Standing Range
  • Tile Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom
  • Tile Bathroom Countertop
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Patio
  • Exterior Lighting
  • Front Porch

Additional Homes

  • Detached Guest House

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Natural Gas Connected

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 1 / 3
  • Tax Tract Number 4461
  • Assessor Parcel Number 5260006010

Home Details

Home Type

Single Family

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: Yes
  • Zoning: MPR2YY
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5260006010
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1196.00 Square Feet
  • Interior Amenities: Tile Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Area
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 710.70
  • Room Type: Kitchen, Living Room
  • Bathroom Features: Bathtub, Shower In Tub, Tile Counters
  • Room Kitchen Features: Tile Counters

Exterior Features

  • Patio: Yes
  • Foundation: Raised
  • Other Structures: Guest House Detached
  • View: Park/Greenbelt
  • Fence: Yes
  • Fencing: Block, Chain Link, Wood
  • Patio And Porch Features: Front Porch
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, RV Potential
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range
  • Electric: Electricity - On Property
  • Heating Type: Floor Furnace
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 5260006006
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 10000-19999 Sqft, Level, Yard
  • Lot Size Sq Ft: 11012.00
  • Lot Size Acres: 0.2528

Multi Family

  • Lease Considered: No
  • Lot Size Area: 11012.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Block: 3
  • Tax Census Tract: 4826.00
  • Tax Lot: 1
  • Tax Tract Number: 4461

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2023
Closed on
Apr 26, 2023
Sold by
Marie Marcus Trust
Bought by
Wholemart Usa Llc
Seller's Agent
Mario Alfaro
SoCal Realty Partners
Buyer's Agent
CHENGLIANG (Deb) YAO
RE/MAX PREMIER/ARCADIA
List Price
$850,000
Sold Price
$850,000
Views
11
Current Estimated Value
$944,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,596
Avg. Annual Appreciation
4.08%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wholemart Usa Llc $850,000 Wfg National Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2023 05/15/23 Sold $850,000 0.0% $711 / Sq Ft
04/20/2023 04/20/23 Pending -- -- --
04/14/2023 04/14/23 For Sale $850,000 -- $711 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,164 $673,200 $571,200 $102,000
2024 $9,164 $660,000 $560,000 $100,000
2023 $1,252 $68,034 $25,651 $42,383
2022 $1,206 $66,701 $25,149 $41,552
2021 $1,189 $65,394 $24,656 $40,738
2019 $1,151 $63,457 $23,926 $39,531
2018 $1,054 $62,213 $23,457 $38,756
2016 $990 $59,800 $22,548 $37,252
2015 $970 $58,903 $22,210 $36,693
2014 $967 $57,750 $21,775 $35,975
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR23062553

California Regional Multiple Listing Service (CRMLS)

APN: 5260-006-010