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 outperform 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
Price:
$1,880,000
MLS #:
WS26082158
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Quadruplex
Neighborhood:
641montereypark
Listed Date:
Apr 30, 2026
Total Sq Ft:
3,344
Lot Size:
12,612 sqft / 0.29 acres (approx)
Year Built:
1954
See this Listing
Schools
Interior
Laundry Features
GE, WH
Exterior
Common Walls
NOA, NOB, _2CW
Community Features
SDW
Garage Spaces
4
Parking Spots
4
Parking Total
4
Financial
Maintenance Fee
$2,000
Map
Community
- Address216 E Graves Monterey Park CA
- CityMonterey Park
- CountyLos Angeles
- Zip Code91755
Market Summary
Current real estate data for Single Family in Monterey Park as of May 01, 2026
124
Single Family Listed
93
Avg DOM
406
Avg $ / SqFt
$629,812
Avg List Price
Property Summary
- 216 E Graves Monterey Park CA is a Single Family for sale in Monterey Park, CA, 91755. It is listed for $1,880,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1954. The average price per square foot for Single Family listings in Monterey Park is $406. The average listing price for Single Family in Monterey Park is $629,812.
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216 E Graves
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