1982 S Garfield Monterey Park, CA $ 1,680,000
1982 S Garfield
$ 1,680,000
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1982 S Garfield

Monterey Park, CA, 91754
$ 1,680,000
Baths2.0 Sq 4,445

Monthly Estimate*

$ 10,608

Listed by KELLER WILLIAMS
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Studio

Multi-Family Home for sale in Monterey Park, CA

for $1,680,000 with 2 full baths. This 4,445 square foot home was built in 1977 on a lot size of 0.2374.

**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.

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Multi-Family Active

Price

$ 1,680,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.2374

Year Built

1977

Town/City

Monterey Park

County/Region

Los Angeles

MLS | Web ID

CV26168292

Days on Market

11

Features
General
Sewer Public Sewer
Possession Close Of Escrow
Roof Shingle
HOA Fee 0
Garage Spaces 5
Pool Features None
Year Built 1977
Tenant Pays Electricity Gas
Stories Count 2
Levels Two
Property Subtype Quadruplex
Gross Income 98520
Community Features Park Suburban Sidewalks
County Los Angeles
Net Operating Income 91282
Operating Expense 7238
Insurance Expense 2063
New Construction false
Property Type Residential Income
HOA false
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions on Garfield and E. Elmgate
City Monterey Park
Entry Location front door
Senior Community Y/N false
Open Parking Spaces 7
Number Of Units Total 4
MLS Area 641 - Monterey Park
Lot Size Units Square Feet
Lot Size Square Feet 10341
Number of Units Leased 4
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 132
Current Financing Conventional
Trash Expense 1588
Water Sewer Expense 3146
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 13
Total Actual Rent 8210
Property Sub Type Additional Quadruplex
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Interior
Total Stories 2
Common Walls 1 Common Wall
Laundry Features Common Area Inside
Entry Level 1
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Exterior
Parking Features Assigned Covered Driveway Garage One Space
Water Source Public
Total Parking 12
Lot Size Area 10341
Number of Buildings 1
Building Area Total 4445
Lot Size Acres 0.2374
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded Features
List By
Keller Williams

Broker

silviacheung88@gmail.com

Email

Affordability Calculator

$10,608
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Monthly Principal & Interest
$10,608
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Default based on a 30-year fixed rate of 6.49% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/10/2026$1,680,000 Listed Price

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1982 S Garfield, Monterey Park, CA, 91754 is a Multi-Family Home for sale at $1,680,000 with 4,445 sqft and a lot size of 0.2374. 1982 S Garfield is a studio with 2.0 baths and was built in 1977. The property's zip code is 91754 which is in Monterey Park, CA