$1,780,000
$100K PRICE DROP

1314 W 1st St Monterey Park, CA 91754

Estimated payment $10,340/month

Total Views 13,897
6 Beds
3 Baths
3,080 Sq Ft
$578 Price per Sq Ft

Highlights

  • Back Bay Views
  • Property is near public transit
  • No HOA
  • James A. Garfield Senior High School Rated A
  • Lawn
  • Cooling System Mounted To A Wall/Window

About This Home

This beautifully maintained courtyard garden property offers many potential investment and development opportunities. Consisting of two legal parcels (5251-030-008 and 5251-030-007) totaling 13,314 SQUARE FEET, there are two duplex structures containing 4 single-story units organized around a manicured central garden with fruit tree on the grounds. Each unit is 720 square feet each with the unit numbers 1302, 1306, 1310, 1314. Each duplex consists (2) Two Bedroom (2) one Bath, washer dryer hook up. Two detached garages containing 5 total parking spaces sit at the rear of the lot with alleyway access keeping the gardens free from vehicles. All tenants are long term tenants, have never missed any rent payments. This property is conveniently located at the commercial hub of Atalntic Blvd and 60 fwy, with quick access to daily errands, recreation, and work. East L.A College is 5 minutes away. The two parcels will be sold together under one transaction.

Listing Agent

Jean Liu

Re/Max Premier Prop SanMarino Brokerage Phone: 626-675-6544 License #01012483 Listed on: 05/03/2025

Re/Max Premier Prop SanMarino

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,919

Year Built

  • Built in 1945

Lot Details

  • 0.31 Acre Lot
  • Brick Fence
  • Lawn
  • Back Yard
  • 5251030007

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Property Views

  • Back Bay
  • Neighborhood
  • Courtyard

Home Design

  • Raised Foundation

Interior Spaces

  • 3,080 Sq Ft Home
  • 1-Story Property
  • Living Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Exterior Lighting
  • Property is near public transit
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 11396
  • Assessor Parcel Number 5251030008

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,919

Year Built

Built in 1945

Lot Details

0

Parking

5

Listing Details

  • Price Per Unit: 445000
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 3460.00
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Gardener Expense: 1920.00
  • Parcel Number: 5251030008
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1st floor
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 577.92
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom

Exterior Features

  • Foundation: Raised
  • View: Back Bay, Courtyard, Neighborhood
  • Fence: Yes
  • Fencing: Brick
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1440.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 5251030007
  • Land Lease: No
  • Lot Features: Back Yard, Lawn, Near Public Transit
  • Lot Size Sq Ft: 13314.00
  • Lot Size Acres: 0.3056

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 720 Square Feet
  • Gross Income: 84360.00
  • Gross Scheduled Income: 84360.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 13314.0000 Square Feet
  • Maintenance Expense: 200.00
  • Net Operating Income: 75340.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 9020.00
  • Rent Control: No
  • Total Actual Rent: 7030.00
  • Total Expenses: 9020.00

Tax Info

  • Tax Lot: 8
  • Tax Tract Number: 11396

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,919 $587,179 $464,598 $122,581
2024 $7,919 $575,667 $455,489 $120,178
2023 $7,776 $564,380 $446,558 $117,822
2022 $7,413 $553,314 $437,802 $115,512
2021 $7,321 $542,466 $429,218 $113,248
2019 $7,090 $526,378 $416,488 $109,890
2018 $6,959 $516,058 $408,322 $107,736
2016 $6,711 $496,020 $392,467 $103,553
2015 $6,604 $488,570 $386,572 $101,998
2014 $2,644 $170,551 $94,784 $75,767
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2025 06/22/25 Price Changed $1,780,000 -5.3% $578 / Sq Ft
05/03/2025 05/03/25 For Sale $1,880,000 +292.5% $610 / Sq Ft
04/08/2014 04/08/14 Sold $479,000 -16.7% $311 / Sq Ft
02/20/2014 02/20/14 Pending -- -- --
01/06/2014 01/06/14 For Sale $575,000 -- $373 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $479,000 First American Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $335,000 New Conventional
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR25098241

California Regional Multiple Listing Service (CRMLS)

APN: 5251-030-007