Skip main navigation
Sold for $1,850,000
  • Listed by: eXp Realty of Southern California, Inc. • YIN ZHEN LI • Contact: 626-375-0340
    Bought with: eXp Realty of Southern California, Inc.
    $1,850,000

    216 E Graves Ave, Monterey Park, CA 91755

    8beds
    4baths
    3,344sqft
    Quadruplex
    Built in 1954
    -- sqft lot
    $1,844,700 Zestimate®
    $553/sqft
    $2,148 Estimated rent

    Home value

    $1,844,700

    $1.68M - $2.03M

    $2,148/mo

    Zestimate® history
    Loading
    Loading...

    Owner options

    List your home for rent

    $2,148/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $2,148/mo

    Rent Zestimate®

    Refinance and save

    $11,834/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $11,834/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    What's special

    Updated units
    Introducing a rare, turnkey investment opportunity in the heart of Monterey Park, one of the most sought after rental markets in the San Gabriel Valley known for strong tenant demand, central location, and long term appreciation. This well maintained 4-unit income property features updated units, allowing investors to step into immediate, stabilized cash flow without the typical renovation risk or capital expenditure. Offering a 5.35% cap rate, this asset is ideal for buyers seeking both reliable income today and long term upside in a high demand submarket. Positioned centrally, the property benefits from proximity to major employment hubs, retail corridors, and convenient freeway access, consistently driving strong rental demand and minimizing vacancy. Monterey Park continues to outperform as a rental market due to its accessibility to Downtown LA and surrounding job centers. Each unit has been thoughtfully updated, appealing to quality tenants and supporting premium rental positioning. For investors, this means reduced maintenance, stronger tenant retention, and operational efficiency from day one. At the same time, there remains additional upside potential through future rent adjustments as the market continues to appreciate.

    Zillow last checked:

    Listing updated:

    Listed by:

    YIN ZHEN LI DRE #01992880 626-375-0340,

    eXp Realty of Southern California, Inc.

    Bought with:

    YIN ZHEN LI, DRE #01992880

    eXp Realty of Southern California, Inc.

    Source: CRMLS,MLS#: WS26082158MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Appliances
    • Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
    Features
    • Common walls with other units/homes: 2+ Common Walls,No One Above,No One Below
    Interior area
    • Total structure area: 3,344
    • Total interior livable area: 3,344 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage
    • Garage spaces: 4
    Features
    • Entry location: Front doors
    • Pool features: None
    Lot
    • Size: 0.29 Acres
    • Features: Rectangular Lot
    Details
    • Parcel number: 5260001011
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1954

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Sidewalks
    Location
    • Region: Monterey Park

    Financial & listing details

    • Price per square foot: $553/sqft
    • Tax assessed value: $1,556,145
    • Date on market: 4/30/2026
    • Cumulative days on market: 28 days
    • Listing terms: Cash,Cash to New Loan
    • Tenant pays: Electricity, Gas

    Price history

    DateEventPrice
    6/5/2026Sold$1,850,000-1.6%$553/sqft
    Source: CRMLS #WS26082158 Report a problem
    5/28/2026Pending sale$1,880,000$562/sqft
    Source: CRMLS #WS26082158 Report a problem
    4/30/2026Listed for sale$1,880,000+34.8%$562/sqft
    Source: CRMLS #WS26082158 Report a problem
    12/24/2019Sold$1,395,000$417/sqft
    Source: CRMLS #SB19247025 Report a problem
    10/24/2019Pending sale$1,395,000$417/sqft
    Source: Keller Williams Beach Cities #SB19247025 Report a problem
    10/19/2019Listed for sale$1,395,000$417/sqft
    Source: Keller Williams Beach Cities #SB19247025 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $1,556,145 +2%
    2025$20,715 +2.9%$1,525,633 +2%
    2024$20,122 +2%$1,495,719 +2%
    2023$19,723 +4.9%$1,466,392 +2%
    2022$18,799 +1.2%$1,437,640 +2%
    2021$18,581 +0.6%$1,409,452 +1%
    2020$18,476 $1,395,000 +1177.7%
    2019$18,476 +725.3%$109,180 +2%
    2018$2,239 $107,040 +2%
    2017$2,239 -2%$104,942 +2%
    2016$2,284 +6.9%$102,886 +1.5%
    2015$2,138 +1.4%$101,341 +2%
    2014$2,109 $99,357 +2.5%
    2012-- $96,970 +2%
    2011-- $95,070 +0.8%
    2010-- $94,361 -0.2%
    2009-- $94,587 +2%
    2008-- $92,733 +2%
    2007-- $90,915 +2%
    2006-- $89,133
    2005-- $89,133 +4%
    2004-- $85,674 +1.9%
    2003-- $84,105 +2%
    2002-- $82,457 +4%
    2000-- $79,257
    Find assessor info on the county website

    Neighborhood: 91755

    Nearby schools

    GreatSchools rating
    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
    $1,844,700
    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
    $1,844,700