406 Russell Avenue
Monterey Park, CA, 91755
$1,199,000
MLS: P1-28611
Beds
5
Baths
5
Sq Ft
2,577
Lot
0.29 ac
Year Built
1940
MLS #
P1-28611
Days on Market
9
Listed
Aug 27, 2026
Description
For nearly 4 decades, the Law family has called 406 Russell Avenue home. The quaint Traditional on a very large 12,613 square foot parcel presented the family lots of space over those years and in 2024, an Accessory Dwelling Unit (ADU) was built in the rear portion to maximize that space. The result is a very desirable property for a fortunate buyer.Built in 1940, the front home features 2 bedrooms and 2 bathrooms in 1,398 square feet. Over the last several months, the home has been remodeled with a new roof, new dual pane windows, updates to both bathrooms, and a beautifully appointed kitchen. Off the covered front porch, the home opens into the tiled entry which includes a fixed glass window and wall sconces. The living is nicely sized with a fireplace, bamboo flooring, large windows, and a tray ceiling. The dining room features multiple windows, large closet, and direct access into the kitchen. The kitchen offers solid top counters, new appliances, and wood cabinets. The laundry room and 3/4 bathroom are also off the kitchen. Each of bedrooms is off the central hallway and include large closets and bamboo flooring. The hallway bathroom offers new tiled floors, new vanity, and new lighting. The Screened Porch includes an additional 369 square feet of space and offers views of the detached garage, ADU, and rear yard.Built in 2024, the ADU features 3 bedrooms, 3 bathrooms, and a study/bonus room in 1,178 square feet. The open-concept floor plan includes a living room, dining area, and kitchen in the middle of the home with the bedrooms and bathrooms on either side. The bedrooms include a mini split hvac system along with vinyl flooring and dual pane windows. Solar panels and separate utility meter are also included. The ADU is currently tenant occupied providing immediate income.The front yard was professionally landscaped with new grass, sprinklers, plants, and ground covering. The rear yard is spacious with an assortment of trees and large grassy area. Additional features of note include a detached garage with workroom and a R2 zone parcel.
Location
Monterey Park, Los Angeles County, CA 91755
Open on Google Maps ↗Listed by: Jeremy Hardy · Craig Estates and Fine Properties
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$9,200
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $119,900 · Loan: $1,079,100
Average 30-yr fixed rate 7.03% as of Sep 24, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $7,201
- Property tax (1.25%)
- $1,249
- Homeowners insurance
- $300
- Mortgage insurance
- $450
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Sep 24, 2026
- 30-year fixed
- 7.03%
- 15-year fixed
- 6.42%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Monterey Park home with as little as 3.5% down using an FHA loan — roughly $41,965 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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