701 S Garfield Avenue Monterey Park, CA ^$ 10,000,000

701 S Garfield Avenue

^$ 10,000,000

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701 S Garfield Avenue

Monterey Park, CA, 91754

^$ 10,000,000

Studio Baths1.0 Sq 23,952

Monthly Estimate*

^$ 62,387

Listed by CAMBRIDGE CONSOLIDATED

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Studio

Multi-Family Home for sale in Monterey Park, CA

for $10,000,000 with 1 full bath. This 23,952 square foot home was built in 1959 on a lot size of 1.2739.

Multi-Family Active

Price

^$ 10,000,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

1.2739

Year Built

1959

Town/City

Monterey Park

County/Region

Los Angeles

MLS | Web ID

WS25208536

Days on Market

104

Features

General

Sewer Public Sewer

Heating None

Cooling Wall/Window Unit(s)

Utilities Electricity Connected Sewer Connected

Roof Flat

Appliances Gas Range

HOA Fee 0

Garage Spaces 0

Pool Features None

Construction Materials Stucco

Year Built 1959

Tenant Pays Cable TV Electricity Gas

View None

Stories Count 1

Levels One

Property Subtype Apartment

Gross Income 926735

Community Features Storm Drain(s) Street Lights Sidewalks

County Los Angeles

Net Operating Income 666228

Operating Expense 279420

Insurance Expense 32044

New Construction 0

Property Type Residential Income

HOA 0

Garage Y/N 0

Special Listing Conditions Standard

Status Active

Directions Garfield Ave South of Grandridge Ave

City Monterey Park

Entry Location 1

Senior Community Y/N 0

Number Of Units Total 40

MLS Area 641 - Monterey Park

Lot Size Units Square Feet

Lot Size Square Feet 55492

Listing Terms Cash Cash to New Loan

Spa Features None

Property Attached Y/N 1

Land Lease Y/N 0

Electric Expense 2500

Fuel Expense 0

Trash Expense 16800

Water Sewer Expense 17149

Additional Parcels Y/N 0

Rent Control Y/N 0

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 27

Property Sub Type Additional Apartment

Cap Rate 6.7

Interior

Flooring Carpet Laminate

Fireplace Features None

Total Stories 1

Common Walls 2+ Common Walls

Air Conditioning Y/N 1

Heating Y/N 0

Fireplace Y/N 0

Laundry Features Common Area

Entry Level 1

Exterior

Fencing Wood

Lot Features Back Yard

Water Source Public

Total Parking 0

Lot Size Area 55492

Number of Buildings 4

Spa 0

Building Area Total 23952

Lot Size Acres 1.2739

Private Pool 0

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 40

Number of Separate Electric Meters 40

* Excluded Features

List By

Cambridge Consolidated

Broker

realestatebykdl@gmail.com

Affordability Calculator

$62,387

Per Month

Monthly Principal & Interest: $62,387
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Monterey Park, CA

Average List Price ^$2,214,133

Percent of Sale Price 78%

About Monterey Park, CA

61,934 Population

3% Since 2002

^$56,710 Median Income

43.9 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$10,000,000		Listed Price

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701 S Garfield Avenue, Monterey Park, CA, 91754 is a Multi-Family Home for sale at $10,000,000 with 23,952 sqft and a lot size of 1.2739. 701 S Garfield Avenue is a studio with 1.0 baths and was built in 1959. The property's zip code is 91754 which is in Monterey Park, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/21/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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701 S Garfield Avenue

Multi-Family Home for sale in Monterey Park, CA

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