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
Listed by: Keller Williams SELA • James Torres • Contact: 562-577-1138
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
$1,792,200 Zestimate®
$374/sqft
$3,029 Estimated rent
Home value
$1,792,200
$1.58M - $2.03M
$3,029/mo
Zestimate® history
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Gated parkingExcellent school district
Zillow last checked:
Listing updated:
Listed 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 Square Feet
- 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 & HOA
Community
- Features: Suburban
Location
- Region: Monterey Park
Financial & listing details
- Price per square foot: $374/sqft
- Tax assessed value: $1,734,000
- Annual tax amount: $22,961
- Date on market: 5/26/2023
- Cumulative days on market: 61 days
- Listing terms: Cash to New Loan
- Total actual rent: 8820
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2023 | Sold | $1,700,000-10%$374/sqft |
Source:  CRMLS #DW23086301 Report a problem | ||
| 8/15/2023 | Pending sale | $1,888,000$415/sqft |
Source: CRMLS #DW23086301 Report a problem | ||
| 8/4/2023 | Contingent | $1,888,000$415/sqft |
Source: CRMLS #DW23086301 Report a problem | ||
| 5/26/2023 | Listed for sale | $1,888,000+65%$415/sqft |
Source: CRMLS #DW23086301 Report a problem | ||
| 4/29/2016 | Sold | $1,144,000-10.6%$251/sqft |
Source: Public Record Report a problem | ||
| 3/29/2016 | Pending sale | $1,280,000$281/sqft |
Source: Re/Max Premier Prop Arcadia #AR15267772 Report a problem | ||
| 12/30/2015 | Listed for sale | $1,280,000$281/sqft |
Source: Re/Max Premier Prop Arcadia #AR15267772 Report a problem | ||
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% |
| 2022 | $17,400 +3.5% | $1,275,815 +2% |
| 2021 | $16,805 +0.8% | $1,250,800 +1% |
| 2020 | $16,678 | $1,237,975 +2% |
| 2019 | $16,678 +1.2% | $1,213,702 +2% |
| 2018 | $16,482 | $1,189,905 +2% |
| 2017 | $16,482 +1.8% | $1,166,574 +142.8% |
| 2016 | $16,193 +126.3% | $480,428 +1.5% |
| 2015 | $7,154 +7.3% | $473,212 +2% |
| 2014 | $6,670 | $463,943 +2.5% |
| 2012 | -- | $452,793 +2% |
| 2011 | -- | $443,916 +0.8% |
| 2010 | -- | $440,600 -0.2% |
| 2009 | -- | $441,647 +2% |
| 2008 | -- | $432,988 +2% |
| 2007 | -- | $424,499 +2% |
| 2006 | -- | $416,177 |
| 2005 | -- | $416,177 +4% |
| 2004 | -- | $400,018 +1.9% |
| 2003 | -- | $392,687 +2% |
| 2002 | -- | $384,989 +4% |
| 2000 | -- | $370,041 |
Find assessor info on the county website
Neighborhood: 91754
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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: 1 mi
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Estimated market value
$1,792,200
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Estimated market value
$1,792,200
- California
- Los Angeles County
- Monterey Park
- 91754
- 2016 S Garfield Ave
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