Pending

216 E Graves

Monterey Park, CA 91755

$1,880,000 $7,926/Mo

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Overview

Bed

Bath

3,344

Sqft

12,612

Sqft(Lot)

Description

Introducing a rare, turnkey investment opportunity in the heart of Monterey Park, one of the most sought after rental markets in the San Gabriel Valley known for strong tenant demand, central location, and long term appreciation. This well maintained 4-unit income property features updated units, allowing investors to step into immediate, stabilized cash flow without the typical renovation risk or capital expenditure. Offering a 5.35% cap rate, this asset is ideal for buyers seeking both reliable income today and long term upside in a high demand submarket. Positioned centrally, the property benefits from proximity to major employment hubs, retail corridors, and convenient freeway access, consistently driving strong rental demand and minimizing vacancy. Monterey Park continues to outperfor m as a rental market due to its accessibility to Downtown LA and surrounding job centers. Each unit has been thoughtfully updated, appealing to quality tenants and supporting premium rental positioning. For investors, this means reduced maintenance, stronger tenant retention, and operational efficiency from day one. At the same time, there remains additional upside potential through future rent adjustments as the market continues to appreciate.

Property Details

Property Type : Residential Income

Price : $1,880,000

AD Id : 77848190

MLS Id : WS26082158

Lot Size : 12,612 Sqft

Living Area Size : 3,344

Year Built : 1954

Garage : 4

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer

Building Information

Year Built: 1954 Building Area Total: 3,344
Pool Features

None

Laundry Features

Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2895
Lot Size Source: Assessor Lot Size Square Feet: 12612

Listing Price Information

Original List Price: 1,880,000 Listing Contract Date: 2026-04-15
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5260001011

Rental Info

Lease Term: Negotiable Tenant Pays: Electricity,Gas

Other Property Info

Source Listing Status: Pending Source Neighborhood: 641 - Monterey Park Directions: On Graves Ave. Source Property Type: Residential Income Area: 641 - Monterey Park Property SubType: Quadruplex
Building and Construction

Property Age: 72 Common Walls: 2+ Common Walls,No One Above,No One Below Structure Type: Quadruplex Year Built Source: Assessor Entry Level: 1 Entry Location: Front doors Property Attached: Yes

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
112 S Sierra Vista, Monterey Park, CA, 91755	$1,700,000	7	5	2,545	2,545 SqFt
335 E Newmark, Monterey Park, CA, 91755	$1,318,000	4	5	1,462	1,462 SqFt
607 Sefton, Monterey Park, CA, 91755	$1,550,000	7	4	2,237	2,237 SqFt
607 Sefton, Monterey Park, CA, 91755	$1,550,000	7	--	2,237	2,237 SqFt
351 S Lincoln, Monterey Park, CA, 91755	$1,229,000	--	--	2,590	2,590 SqFt

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ByOwner last updated this listing 06/06/2026 @ 00:25

MLS: WS26082158 LISTED BY: YIN ZHEN LI, eXp Realty of Southern California, Inc. 951-522-6554 SOURCE: CRMLS