Excellent investment opportunity located in highly desirable Monterey Park rental market. The property has been well maintained and features large units comprised of (1)-3BD/2BA, (2)-2BD/2BA Townhouse style, and (1)-2BD/1.5BA flat unit. Great return plus upside in rental income. Pride of ownership location in excellent school district and located between the 10 and 60 freeways allowing easy access to Downtown LA, Pasadena, San Gabriel Valley, all of Greater Los Angeles Area. Gated parking in the rear of the building with alley access. DO NOT walk on the property or disturb tenants, drive by only. Subject to inspection with accepted offer only. Must contact listing agent only for more information. Tenants are not aware property is for sale. Anyone that does not follow these directions and bother the tenants they will be disqualified.
Sold for $1,700,000 on 08/18/23
Listing Provided by:
James Torres DRE #01790791 562-577-1138,
Keller Williams SELA
Bought with: HANDFORE REALTY CORP.
$1,700,000
2016 S Garfield Ave, Monterey Park, CA 91754
9beds
8baths
4,549sqft
Quadruplex
Built in 1977
-- sqft lot
$1,777,900 Zestimate®
$374/sqft
$2,575 Estimated rent
Home value
$1,777,900
$1.58M - $1.99M
$2,575/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 21, 2023 at 11:21am
Listing Provided by:
James Torres DRE #01790791 562-577-1138,
Keller Williams SELA
Bought with:
ASHLEY TANG, DRE #01937309
HANDFORE REALTY CORP.
Source: CRMLS,MLS#: DW23086301
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 8
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 4,549
- Total interior livable area: 4,549 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage
- Garage spaces: 6
Features
- Entry location: Front
- Pool features: None
Lot
- Size: 10,576 sqft
- Features: 0-1 Unit/Acre
Details
- Parcel number: 5274012031
- Zoning: MPR3*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1977
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Suburban
Location
- Region: Monterey Park
HOA & financial
Other financial information
- Total actual rent: 8820
Other
Other facts
- Listing terms: Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2023 | Sold | $1,700,000-10%$374/sqft |
Source:  CRMLS #DW23086301 | ||
| 8/15/2023 | Pending sale | $1,888,000$415/sqft |
Source: CRMLS #DW23086301 | ||
| 8/4/2023 | Contingent | $1,888,000$415/sqft |
Source: CRMLS #DW23086301 | ||
| 5/26/2023 | Listed for sale | $1,888,000+65%$415/sqft |
Source: CRMLS #DW23086301 | ||
| 4/29/2016 | Sold | $1,144,000-10.6%$251/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $22,961 +1.3% | $1,734,000 +2% |
| 2024 | $22,669 +25.9% | $1,700,000 +30.6% |
| 2023 | $18,007 +3.5% | $1,301,331 +2% |
Find assessor info on the county website
Neighborhood: 91754
Nearby schools
GreatSchools rating
- 5/10Bella Vista Elementary SchoolGrades: K-5Distance: 0.6 mi
- 7/10Macy Intermediate SchoolGrades: 6-8Distance: 0.2 mi
- 6/10Schurr High SchoolGrades: 9-12Distance: 0.9 mi
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Estimated market value
$1,777,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,777,900