216 E Graves Ave Monterey Park, CA 91755
Estimated payment $11,644/month
Highlights
- No Units Above
- Laundry Room
- 1-Story Property
- Repetto Elementary School Rated A
- Rectangular Lot
About This Home
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.
Listing Agent
eXp Realty of Southern California, Inc. Brokerage Phone: 626-375-0340 License #01992880 Listed on: 04/30/2026
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
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Listing and Financial Details
- 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
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
Map
Home Values in the Area
Average Home Value in this Area
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 | $20,122 | $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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Accommodation | |
| Grant Deed | -- | Westminster Title Company | |
| Quit Claim Deed | -- | Provident Title | |
| Grant Deed | $1,395,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,065,000 | New Conventional | |
| Previous Owner | $1,046,250 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS26082158
APN: 5260-001-011
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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
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