Edward Ong
Responds Quickly
Corpen Real Estate Group
(669) 200-0582
82 Total Sales
1 in Monterey Park
$898,250 Price
216 E Graves Ave Monterey Park, CA 91755
Monterey Park AreaEstimated Value: $1,824,731
8
Beds
4
Baths
3,344
Sq Ft
$546/Sq Ft
Est. Value
Highlights
- No Units Above
- Laundry Facilities
- 1-Story Property
- Repetto Elementary School Rated A
- Rectangular Lot
About This Home
As of June 2026Introducing 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.
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954
Lot Details
- 12,612 Sq Ft Lot
- No Units Above
- No Units Located Below
- Two or More Common Walls
- Rectangular Lot
Parking
- 4 Car Garage
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 3,344 Sq Ft Home
- 1-Story Property
- Washer and Gas Dryer Hookup
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Tenant pays for gas, electricity
- Legal Lot and Block 4 / 1
- Tax Tract Number 4461
- Assessor Parcel Number 5260001011
- $1,278 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $960
- Insurance Expense $2,400
- Maintenance Expense $2,000
- Trash Expense $1,600
- Water Sewer Expense $2,760
- New Taxes Expense $13,477
- Operating Expense $23,197
- Gross Income $124,500
- Net Operating Income $100,703
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 30, 2026
Closed on
Jun 2, 2026
Sold by
216Egraves Llc
Bought by
Seller's Agent
George Li
eXp Realty of Southern California, Inc.
Buyer's Agent
George Li
eXp Realty of Southern California, Inc.
List Price
$1,880,000
Sold Price
$1,850,000
Premium/Discount to List
-$30,000
-1.6%
Views
11
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,269
Avg. Annual Appreciation
-4.79%
Original Mortgage
$970,000
Outstanding Balance
$968,147
Interest Rate
6.23%
Mortgage Type
New Conventional
Estimated Equity
$856,584
Purchase Details
Closed on
Sep 22, 2020
Sold by
Chen Jason
Bought by
216Egraves Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,065,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 26, 2020
Sold by
216Egraves Llc
Bought by
Chen Jason
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,065,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 19, 2019
Closed on
Jan 28, 2020
Sold by
Chen Jason
Bought by
216Egraves Llc
Seller's Agent
John Mociak
Avenue Realty Group
Buyer's Agent
George Li
eXp Realty of Southern California, Inc.
List Price
$1,395,000
Sold Price
$1,395,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.07%
Purchase Details
Listed on
Oct 19, 2019
Closed on
Nov 5, 2019
Sold by
Padia Janine and Padia Family Trust
Bought by
Chen Jason
Seller's Agent
John Mociak
Avenue Realty Group
Buyer's Agent
George Li
eXp Realty of Southern California, Inc.
List Price
$1,395,000
Sold Price
$1,395,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,046,250
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 9, 2019
Sold by
Letizia Clarie
Bought by
Letizia Clarice J and Clarice J Letizia Trust
Purchase Details
Closed on
Dec 5, 2018
Sold by
Padia Janine
Bought by
Padia Janine R and Padia Family Trust
Purchase Details
Closed on
Apr 7, 2012
Sold by
Padia Janine and Letizia Trust
Bought by
Padia Janine and Letizia Clarice
Purchase Details
Closed on
Aug 25, 2003
Sold by
Letizia Joan and The Letizia Trust
Bought by
Letizia Joan and The Letizia Trust
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Monterey Park, CA
-
Edward Ong
-
Aldon Lai
Aldon Lai
High Ten Partners, Inc.
(626) 618-9134
16 Total Sales
1 in Monterey Park
$760,000 Price
-
Herbert Rivas
Herbert Rivas
Equity Smart Real Estate Serv.
(747) 245-7379
13 Total Sales
1 in Monterey Park
$1,150,000 Price
-
Mike Chou
Mike Chou
Responds QuicklyK.W. EXECUTIVE
(626) 653-4295
170 Total Sales
20 in Monterey Park
$446K - $1.7M Price Range
-
Nicola Speranta
Nicola Speranta
Compass
(323) 310-3215
99 Total Sales
1 in Monterey Park
$1,111,000 Price
-
Jack Harriman
Jack Harriman
Coldwell Banker
(626) 610-0560
42 Total Sales
2 in Monterey Park
$321K - $1M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,850,000 | Fidelity National Title | ||
| 216Egraves Llc | -- | Accommodation | |
| Chen Jason | -- | Westminster Title Company | |
| 216Egraves Llc | -- | Provident Title | |
| Chen Jason | $1,395,000 | Fidelity National Title | |
| Letizia Clarice J | -- | None Available | |
| Padia Janine R | -- | None Available | |
| Padia Janine | -- | None Available | |
| Letizia Joan | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $970,000 | ||
| Closed | Chen Jason | $1,065,000 | |
| Previous Owner | Chen Jason | $1,046,250 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/05/2026 06/05/26 | Sold | $1,850,000 | -1.6% | $553 / Sq Ft | |
| 05/28/2026 05/28/26 | Pending | -- | -- | -- | |
| 04/30/2026 04/30/26 | For Sale | $1,880,000 | +34.8% | $562 / Sq Ft | |
| 12/24/2019 12/24/19 | Sold | $1,395,000 | 0.0% | $417 / Sq Ft | View Prior Sale |
| 10/23/2019 10/23/19 | Pending | -- | -- | -- | |
| 10/19/2019 10/19/19 | For Sale | $1,395,000 | -- | $417 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $20,715 | $1,556,145 | $892,413 | $663,732 |
| 2025 | $20,715 | $1,525,633 | $874,915 | $650,718 |
| 2024 | $20,122 | $1,495,719 | $857,760 | $637,959 |
| 2023 | $19,723 | $1,466,392 | $840,942 | $625,450 |
| 2022 | $18,799 | $1,437,640 | $824,453 | $613,187 |
| 2021 | $18,581 | $1,409,452 | $808,288 | $601,164 |
| 2020 | $18,476 | $1,395,000 | $800,000 | $595,000 |
| 2019 | $2,481 | $109,180 | $33,159 | $76,021 |
| 2018 | $2,239 | $107,040 | $32,509 | $74,531 |
| 2016 | $2,138 | $102,886 | $31,248 | $71,638 |
| 2015 | $2,106 | $101,341 | $30,779 | $70,562 |
| 2014 | $2,109 | $99,357 | $30,177 | $69,180 |
Source: Public Records
Agents Affiliated with this Home
-
George Li
Seller's Agent in 2026
George Li
eXp Realty of Southern California, Inc.
(626) 375-0340
93 Total Sales
-
JM
Seller's Agent in 2019
John Mociak
Avenue Realty Group
-
Celine Juan
CJ
Buyer Co-Listing Agent in 2019
Celine Juan
eXp Realty of Southern California, Inc.
(626) 584-0048
58 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS26082158
APN: 5260-001-011
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 418 S Lincoln Ave
- 508 Everett Ave Unit C
- 406 Russell Ave
- 438 S Garfield Ave Unit E
- 468 S Alhambra Ave
- 411 S Garfield Ave Unit 71
- 411 S Garfield Ave Unit 30
- 607 Sefton Ave
- 517 S Ramona Ave
- 415 Sefton Ave Unit G
- 744 S Garfield Ave
- 422 E Newmark Ave Unit B
- 778 S Garfield Ave
- 334 Edgley Dr
- 1354 Fulton Ave
- 800 S Garfield Ave
- 617 S Bradshawe Ave
- 888 S Garfield Ave
- 125 Everett Ave
- 437 S Orange Ave Unit B
- 210 E Graves Ave Unit C
- 603 Russell Ave Unit D
- 603 Russell Ave Unit C
- 208 E Graves Ave
- 204 E Graves Ave
- 603 Russell Ave Unit B
- 603 Russell Ave Unit E
- 215 E Graves Ave
- 603 Russell Ave Unit A
- 202 E Graves Ave
- 217 E Graves Ave
- 609 Russell Ave Unit A
- 607 Russell Ave
- 201 E Graves Ave
- 215 Mooney Dr Unit A
- 211 Mooney Dr Unit B
- 211 Mooney Dr Unit A
- 215 Mooney Dr Unit B
- 537 Russell Ave
- 619 Russell Ave
Your Personal Tour Guide
Ask me questions while you tour the home.