216 E Graves, Monterey Park, California 91755, Monterey Park, 91755 - 0 bed, 0 bath
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Monterey Park, California 91755
This Turnkey Multi-Unit Investment is listed at $1,880,000, positioned with stability near its $1,850,528 Fair Market Value. Delivering a stabilized 5.35% Cap Rate, the asset features four units recently updated with shaker cabinets, LVP flooring, and mini-split HVAC systems. Boasting a Turnkey Condition Rating, the property eliminates immediate renovation risk while offering significant future upside on an expansive 12,612 sqft lot. Located in a high-demand Monterey Park submarket, this asset ensures strong tenant retention and operational efficiency. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 216 E Graves Subject | $1,850,000 | 0 | 0 | 3,344 | $578 | - |
A 418 S Lincoln Active | $1,980,000 List Price | 0 | 0 | 3,216 | $616 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1954, the units have been significantly updated with modern finishes including white shaker cabinets, stainless steel appliances, subway tile backsplashes, and durable LVP flooring. The presence of mini-split HVAC systems suggests updated mechanicals, and the property is described as a turnkey investment with reduced maintenance needs.
The property features updated units and is well-maintained, allowing for immediate stabilized cash flow without the need for initial renovation or capital expenditure.
Offering a 5.35% cap rate in the competitive Monterey Park market, this asset provides a higher-than-average return for a stabilized residential income property.
The expansive 12,612 square foot lot is exceptionally large for a quadruplex, potentially offering future value-add opportunities or ADU development.
Originally constructed in 1954, the property may have aging core systems such as plumbing or electrical that could require long-term maintenance despite recent cosmetic updates.
With a total living area of 3,344 square feet across four units, the average unit size is relatively small, which may limit appeal to tenants seeking more spacious layouts.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,344 | 2,588 | 71% |
| Lot Size | 12,612 | 12,612 | 50% |
| Price | $1.85M | $1.25M | 71% |
| Price per sq ft | $553 | $553 | 50% |
| Built year | 1954 | 1954 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 134 | 29% |
Apr 30, 2026
$1,880,000
Initial Listing
Dec 24, 2019
$1,395,000
Public Record