**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.
For sale
Listed by: KELLER WILLIAMS • Silvia Cheung • Contact: 626-315-3119
$1,680,000
1982 S Garfield Ave, Monterey Park, CA 91754
9beds
8baths
4,445sqft
Quadruplex
Built in 1977
-- sqft lot
$1,635,100 Zestimate®
$378/sqft
$-- HOA
What's special
- 30 days
- 389
- 8
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Silvia Cheung DRE #02098781 626-315-3119,
KELLER WILLIAMS
Source: CRMLS,MLS#: CV26168292
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 8
Appliances
- Laundry: Common Area, Inside
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 4,445
- Total interior livable area: 4,445 sqft
Property
Parking
- Total spaces: 12
- Parking features: Assigned, Covered, Driveway, Garage, One Space
- Garage spaces: 5
- Uncovered spaces: 7
Features
- Levels: Two
- Stories: 2
- Entry location: front door
- Pool features: None
Lot
- Size: 10,341 Square Feet
Details
- Parcel number: 5274022013
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Roof: Shingle
Condition
- New construction: No
- Year built: 1977
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Park, Suburban, Sidewalks
Location
- Region: Monterey Park
Financial & listing details
- Price per square foot: $378/sqft
- Tax assessed value: $1,138,616
- Date on market: 8/10/2026
- Cumulative days on market: 30 days
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
- Total actual rent: 8210
- Tenant pays: Electricity, Gas
Estimated market value
$1,635,100
$1.55M - $1.72M
$2,867/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/10/2026 | Listed for sale | $1,680,000+110%$378/sqft |
Source: | ||
| 1/12/2005 | Sold | $800,000$180/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,138,616 +2% |
| 2025 | $15,222 +1.3% | $1,116,315 +2% |
| 2024 | $15,022 -0.3% | $1,094,451 +2% |
| 2023 | $15,060 +3.5% | $1,073,016 +2% |
| 2022 | $14,557 +3.5% | $1,052,001 +2% |
| 2021 | $14,060 +0.8% | $1,031,398 +1% |
| 2020 | $13,954 | $1,020,835 +2% |
| 2019 | $13,954 +1.5% | $1,000,843 +2% |
| 2018 | $13,749 | $981,243 +2.1% |
| 2017 | $13,749 +1.7% | $960,828 +2% |
| 2016 | $13,522 +2.8% | $941,990 +1.5% |
| 2015 | $13,152 +7.9% | $927,841 +2% |
| 2014 | $12,192 | $909,667 +2.5% |
| 2012 | -- | $887,802 +2% |
| 2011 | -- | $870,395 +0.8% |
| 2010 | -- | $863,891 -0.2% |
| 2009 | -- | $865,944 +2% |
| 2008 | -- | $848,966 +2% |
| 2007 | -- | $832,320 +2% |
| 2006 | -- | $816,000 +30.9% |
| 2005 | -- | $623,590 +4% |
| 2004 | -- | $599,377 +17.3% |
| 2003 | -- | $511,000 +27.8% |
| 2002 | -- | $400,000 +5.3% |
| 2000 | -- | $380,000 |
Find assessor info on the county website
Monthly payment
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Neighborhood: 91754
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