2012 S Garfield Avenue, Monterey Park, California 91754, Monterey Park, 91754 - 0 bed, 0 bath
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Monterey Park, California 91754
Analysis of 2012 S Garfield Avenue, Monterey Park, California 91754 is currently available with a list price of $1,738,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Monterey Park Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
While built in 1977, the property has undergone significant recent capital improvements including a 6-year-old roof, 2-year-old tankless water heaters, and updated central HVAC systems. The exterior and grounds appear well-maintained, making it move-in ready and functional for tenants.
The property is ideally situated near the 10, 710, and 60 freeways and within walking distance to parks and major retail hubs like Costco and 99 Ranch, ensuring high tenant demand and low vacancy rates.
Significant upgrades including a six-year-old roof and two-year-old tankless water heaters reduce immediate capital expenditure requirements and improve overall energy efficiency.
With an exceptional 2:1 parking ratio (8 spaces for 4 units) and central HVAC in every unit, the property offers premium features that command higher market rents compared to older stock.
The current list price reflects a substantial increase from the 2019 sale price of $1.275M, which may challenge investors seeking high immediate capitalization rates in the current interest rate environment.
Despite recent surface and system upgrades, the 1977 construction may still harbor original underlying plumbing or electrical components that could necessitate future maintenance investment.
Highly desirable four-unit located near the corridors of the 10, 710, and 60 freeways. Within walking distance to Barnes and Edison Park and a few minutes drives to Costco, 99 Ranch, Ralphs, Downtown Los Angeles (DTLA), Pasadena, and more. This Quadplex community has been upgraded and maintained extensively with a new roof approximately six years old, two-year-old tankless efficient gas-powered water heaters, and a coin-operated laundry room for the three units while the master unit features its own private washer and dryer room. Each unit has a unique yard or balcony. All units have central air and heat. There are a eight parking spaces, six gated carports, and two parking stalls for larger vehicles. Don’t miss out on this exceptional opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,044 | 4,040 |
| Lot Size | 10,377 | 11,876.5 |
| Price | $1.74M | $1.27M |
| Price per sq ft | $430 | $535 |
| Built year | 1977 | 1963 |
| HOA | $0 | $0 |
| Days on market | 16 | 48 |
Jul 6, 2026
$1,738,000
Initial Listing
Feb 1, 2019
$1,275,000
Public Record