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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
    : 
    $10,867/mo
    Get pre-qualified
    Quadruplex
    Built in 1977
    -- sqft lot
    $1,635,100 Zestimate®
    $378/sqft
    $-- HOA

    What's special

    **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.
    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#: CV26168292MLS LogoOriginating 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

        DateEventPrice
        8/10/2026Listed for sale$1,680,000+110%$378/sqft
        Source: CRMLS #CV26168292 Report a problem
        1/12/2005Sold$800,000$180/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 91754

        Getting around

        74 / 100
        Very Walkable
        46 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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