
Monterey Park, California 91754
This High-Potential Investment Opportunity is a 4-unit multifamily asset listed at $1,680,000, positioned slightly above the $1,633,965 Fair Market Value. While the property requires capital expenditure due to its Condition Rating of 5, it offers significant upside through strategic renovations and rental adjustments. Key features include ample parking, on-site laundry, and private patios/balconies, which drive tenant demand. This asset is ideal for Buy-and-Hold Investors or Value-Add Developers seeking to stabilize income in a high-demand Monterey Park location.
Property is extensive renovation needed.
Built in 1977 (47 years old) with no evidence of recent major renovations. The listing explicitly describes the property as a 'value-add' opportunity that 'needs some TLC,' indicating that kitchens, bathrooms, and systems are likely dated or require significant rehab to meet modern standards.
The property is fully occupied with stable tenancy and significant rental upside, offering investors the opportunity to increase income to fair-market levels through strategic renovations.
Featuring multiple covered garage spaces, ample parking, and on-site laundry facilities, the asset provides high-demand amenities that enhance tenant retention and property value.
Conveniently located near the 60 Freeway, Edison Trails, and local schools, the property offers excellent accessibility for commuters and families in a desirable Monterey Park neighborhood.
The property requires 'TLC' and immediate cosmetic or structural updates, which will necessitate additional upfront capital expenditure beyond the purchase price.
Existing below-market rents may limit immediate cash flow and debt coverage ratios until units are turned over or renovated to justify higher rental rates.
**VALUE-ADD 4-UNIT INVESTMENT OPPORTUNITY IN MONTEREY PARK!** Fully occupied and income-producing, this multifamily property offers investors **stable in-place tenancy, rental upside, and long-term portfolio potential**. The property does need some TLC, creating an opportunity to improve the asset over time while potentially increasing rental income toward current fair-market levels. A standout feature is the **ample parking and multiple covered garage spaces**, along with an **on-site laundry room**. Unit A offers its own laundry and private driveway; Unit D features a private second-level balcony; and Units B and C each have a fenced front patio for added privacy. Conveniently located near **Elder Park, Edison Trails, local schools, and the 60 Freeway**, providing easy access to nearby amenities and major transportation routes. An attractive **value-add opportunity** for investors seeking an occupied four-unit property with desirable parking, existing rental income, and future income-growth potential in Monterey Park.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 1.0 |
| Square foot | 4,445 | 2,780 |
| Lot Size | 10,341 | 8,337.6 |
| Price | $1.68M | $1.20M |
| Price per sq ft | $378 | $527 |
| Built year | 1977 | 1956 |
| HOA | $0 | $0 |
| Days on market | 30 | 78 |
Aug 10, 2026
$1,680,000
Initial Listing
Jan 12, 2005
$800,000
Public Record