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216 E Graves Ave, Monterey Park, CA, 91755

8beds
4baths
3,344sqft
$1,880,000
$562price/sqft
$12,482/moest. monthly cost
$499,280/yrincome needed

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.

Getting Around

54
WalkingSomewhat Walkable
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

7/10
9/10
Mark Keppel High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1954

Type & Style

  • Home type: MultiFamily
  • Property subType: Quadruplex

Interior

Appliances

  • Laundry features: Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 4

Features

  • Common walls with other units/homes: 2+ Common Walls,No One Above,No One Below

Interior Area

  • Total structure area: 3,344
  • Total interior livable area: 3,344 sqft

Property

Details

  • Parcel number: 5260001011
  • Attached to another structure: Yes
  • Special condition: Standard

Features

  • Entry location: Front doors
  • Pool features: None

Lot

  • Lot size: 0.29 Acres
  • Features: Rectangular Lot

Parking

  • Total spaces: 4
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4