438 El Mercado Ave Monterey Park, CA 91754

$1,200,000 Sold Price as of 09/08/2006

-- Beds
-- Baths
4,768 Sq.Ft.

Off Market

$1,200,000 Sold Price as of 09/08/2006 Refinance Your Mortgage

Map preview of 438 El Mercado Ave, Monterey Park, CA 91754

Property Overview: 438 El Mercado Ave Monterey Park, CA has -- bedrooms, -- bathrooms, 4,768 living square feet and 9,352 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

438 El Mercado Ave is currently an off market home in the city of Monterey Park. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Monterey Park has a median list price of $799,000. The median price per/sqft for Monterey Park is $631. With those numbers in mind, if you are looking to purchase a median priced home in Monterey Park, CA and put 20% down you will need to save up $159,800 for the down payment and will need roughly $15,980 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Monterey Park the commission could be as much as $43,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 438 El Mercado Ave

Last sold for $1,200,000 on September 8th, 2006

February, 2024
Feb 27, 2024

Date

Canceled

CRMLS: SR24000467

$2,990,000

Price
Jan 2, 2024

Date

Active

CRMLS: SR24000467

$2,990,000

Price
Listing provided courtesy of CRMLS

Welcome to 438 El Mercado Ave, a remarkable motel property nestled in the heart of Monterey Park. With its expansive size of 4768 square feet and 13 well-appointed units, this establishment presents an exceptional investment opportunity in the thriving hospitality industry. Situated in a prime location with high visibility and easy accessibility, this property will provide a flow of guests throughout the year. Its proximity to major transportation routes, popular attractions, and a diverse population ensures a constant influx of visitors, making it an ideal destination for travelers and tourists seeking comfort and convenience. As the owner of this motel property, you will have the opportunity to capitalize on the city's strong tourism market and benefit from its robust economic growth. The city's proximity to renowned destinations, exceptional dining options, and recreational activities guarantees a steady stream of guests and a promising return on investment. Investing in 438 El Mercado Ave allows you to become a part of Monterey Park's thriving hospitality landscape. Whether you are an experienced hotelier looking to expand your portfolio or an aspiring entrepreneur seeking a lucrative opportunity, this property provides the perfect foundation for success. Embrace the potential of this exceptional motel/hotel property and take advantage of the city's upward trajectory in the tourism industry. Don't miss out on the chance to own a prominent motel property with significant square footage and immense potential on Monterey Park's bustling El Mercado Ave.

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January, 2024
Jan 1, 2024

Date

Expired

CRMLS: SR23123433

$2,990,000

Price
Jul 11, 2023

Date

Active

CRMLS: SR23123433

$3,500,000

Price
Listing provided courtesy of CRMLS

Welcome to 438 El Mercado Ave, a remarkable motel property nestled in the heart of Monterey Park. With its expansive size of 4768 square feet and 13 well-appointed units, this establishment presents an exceptional investment opportunity in the thriving hospitality industry. Situated in a prime location with high visibility and easy accessibility, this property will provide a flow of guests throughout the year. Its proximity to major transportation routes, popular attractions, and a diverse population ensures a constant influx of visitors, making it an ideal destination for travelers and tourists seeking comfort and convenience. As the owner of this motel property, you will have the opportunity to capitalize on the city's strong tourism market and benefit from its robust economic growth. The city's proximity to renowned destinations, exceptional dining options, and recreational activities guarantees a steady stream of guests and a promising return on investment. Investing in 438 El Mercado Ave allows you to become a part of Monterey Park's thriving hospitality landscape. Whether you are an experienced hotelier looking to expand your portfolio or an aspiring entrepreneur seeking a lucrative opportunity, this property provides the perfect foundation for success. Embrace the potential of this exceptional motel/hotel property and take advantage of the city's upward trajectory in the tourism industry. Don't miss out on the chance to own a prominent motel property with significant square footage and immense potential on Monterey Park's bustling El Mercado Ave.

Continue Reading
June, 2023
Jun 7, 2023

Date

Expired

CRMLS: 23240723

$3,500,000

Price
Feb 7, 2023

Date

Active

CRMLS: 23240723

$3,500,000

Price
Listing provided courtesy of CRMLS
September, 2006
Sep 8, 2006

Date

Sold (Public Records)

Public Records

$1,200,000

Price

Tax History for 438 El Mercado Ave

Assessed Value (2020): $1,470,072

Year	Land Value	Improved Value	Assessed Value
2020	$780,364	$689,708	$1,470,072

About 438 El Mercado Ave

Detailed summary of property

438 El Mercado Ave is categorized with a use code of Motel in Monterey Park, CA 91754 and last sold on September 8, 2006 for $1,200,000. This property has -- bedrooms, -- bathrooms, roughly 4,768 living square feet, and sits on an approximately 9,352 square foot lot. Homes in Monterey Park are selling for a median price of $860,000 and a median price per square foot of $568. Based on Ardent Real Estate Group's Monterey Park Market Data, this home is sold 39.53% higher than the current median priced home. 438 El Mercado Ave was last sold on September 8, 2006 for $1,200,000. Local nearby listings include 1848 Seigneur Ave, 4836 E Seldner St and 3132 Chadwick Dr. The average home in Monterey Park, CA is selling in 60 days. There are currently 66 homes for sale in the Monterey Park real estate market and 36 of them are single family homes while 25 of them are condos and 5 are townhomes. If you are the homeowner and looking to sell the home at 438 El Mercado Ave Monterey Park, CA 91754 contact Ardent Real Estate Group and we will put you in touch with one of our Monterey Park agents.

Public Facts for 438 El Mercado Ave

Public county record property details

Beds: --
Baths: --
Year built: 1948
Sq. Ft.: 4,768
Lot Size: 9,352
Stories: 1

Type: Motel
Pool: No
Spa: No
County: Los Angeles
Lot#: 53,54
APN: 5257-002-047

The source for these homes facts are from public records.

91754 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$798,000

Median List Price/Sq.Ft.

$649

Median Sold Price

$790,000

Median Sold Price/Sq.Ft.

$568

Total Inventory

Median Sale to List Price %

100.27%

Avg Days on Market

Loan Type

Conventional (16.67%), FHA (0%), VA (0%), Cash (58.33%), Other (16.67%)

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