512 West Graves Avenue, Monterey Park, CA 91754
512 West Graves Avenue, Monterey Park, CA 91754
Property Description
ADU-READY MONTEREY PARK OPPORTUNITY Beautifully renovated Monterey Park home offering 2 bedrooms, 1 bathroom, and 822 sq. ft. of move-in-ready living space on a generous 5,976 sq. ft. lot. Recent improvements include fresh interior and exterior paint, new flooring throughout, a new split-system unit in the living room, recessed lighting, ceiling fans with lights and remote controls, a fully remodeled kitchen, and an updated bathroom. The spacious backyard provides outstanding expansion potential, with city-approved plans and permits in place for a 1,200 sq. ft. ADU featuring 3 bedrooms and 3 bathrooms. An existing private courtyard between the main residence and the future ADU offers an ideal outdoor space for relaxing, entertaining, dining, or creating a peaceful retreat. This is an excellent opportunity for multigenerational living, potential rental income, or increased property value. Conveniently located near parks, shopping, dining, schools, and major freeways, this turnkey property combines modern upgrades, valuable outdoor space, and exceptional future potential in the heart of Monterey Park.
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Monterey Park · Single Family Residence
Listed 9.9% above the median closed sale of $790,000. Price per sqft ($1,056) is a 16% premium to closed comps ($909).
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 Isabella Avenue | Monterey Park | 1949 | 2 | 1 | 1,098 | 5,995 | $792 | $870,000 | 26 | 84 |
| 641 Gleason | Monterey Park | 1947 | 3 | 1 | 1,026 | 5,324 | $865 | $888,000 | 111 | 80 |
| 776 Ynez | Monterey Park | 1951 | 2 | 1 | 1,046 | 9,676 | $808 | $845,000 | 121 | 80 |
| 819 Graves | Monterey Park | 1946 | 2 | 2 | 1,102 | 6,414 | $634 | $699,000 | 17 | 79 |
| 608 Markland Drive | Monterey Park | 1947 | 3 | 2 | 1,026 | 5,201 | $827 | $849,000 | 40 | 77 |
| Total: 5 · Average | 2.4 | 1.4 | 1,059.6 | 6,522 | $785.2 | $830,200 | 63 | |||
| Median | 1,046 | $849,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 312 Hammel | Monterey Park | 1949 | 08/28/2026 | 2 | 1 | 839 | 4,691 | $750,000 | $740,000 | $882 | 0.99 | 25 | 93 |
| 400 Andrix | Monterey Park | 1949 | 09/18/2026 | 2 | 1 | 872 | 5,412 | $800,000 | $805,000 | $923 | 1.01 | 37 | 93 |
| 504 Orange | Monterey Park | 1945 | 07/10/2026 | 2 | 1 | 784 | 6,767 | $800,000 | $800,000 | $1,020 | 1.00 | 93 | 90 |
| 715 Graves | Monterey Park | 1941 | 06/15/2026 | 2 | 1 | 846 | 5,753 | $798,888 | $790,000 | $934 | 0.99 | 50 | 90 |
| 1168 Knoll Drive | Monterey Park | 1931 | 09/23/2026 | 2 | 1 | 803 | 6,580 | $629,999 | $629,999 | $785 | 1.00 | 46 | 90 |
| Total: 5 · Average | 2.0 | 1.0 | 828.8 | 5,840.6 | $752,999.8 | $752,999.8 | $908.8 | — | 50.2 | ||||
| Median | 839 | $790,000 | $790,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.