It’s here… Your Multi-unit Investment Opportunity awaits!! We have a 4,100 sq ft quadruplex available on a decent sized 14,160 sq ft lot in desired Monterey Park! Addresses included in sale on this property are: 533, 535, 537 and 539 Elizabeth Avenue. The units consist of (1) 3 bedroom / 1 bath larger 2 story unit and (3) 2 bedroom / 1 bath smaller 1 story units. Each unit has been individually maintained over the years and have their own individual private backyards. Additionally, some of the units have been upgraded with granite counter tops, wood floors, cabinets, pavers, etc… All units are currently rented on month to month leases with rents below average rental prices for the area so this features great upside potential. Each unit has 1 spot inside the 2 double garages (total of 4 spots) plus additional driveway & street parking as well. Whether you’re a seasoned investor looking to diversify your portfolio, or someone new to real estate investment, this property is waiting for you. This property is close to Downtown LA, shopping, restaurants, parks, schools, public transportation and freeways! DRIVE BY ONLY!! DO NOT DISTURB TENANTS!
Sold for $1,580,000
Listed by: SEGUE PROPERTIES, INC. • Barry Carter • Contact: 626-695-0207
Bought with: HomeSmart, Evergreen Realty
Tax assessed value
$1,580,000
533 Elizabeth Ave, Monterey Park, CA 91755
9beds
4baths
4,100sqft
Quadruplex
Built in 1954
-- sqft lot
$1,882,900 Zestimate®
$385/sqft
$2,326 Estimated rent
Home value
$1,882,900
$1.71M - $2.09M
$2,326/mo
Zestimate® history
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$10,028/mo
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Zillow last checked:
Listing updated:
Listed by:
Barry Carter DRE #01295457 626-695-0207,
SEGUE PROPERTIES, INC.
Bought with:
Calvin Wong, DRE #02059212
HomeSmart, Evergreen Realty
Source: CRMLS,MLS#: CV24154695
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
Rooms
- Room types: Family Room, Kitchen, Living Room, Other
Heating
- Space Heater, See Remarks, Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Built-In Range, Free-Standing Range, Gas Cooktop, Disposal
- Laundry: In Kitchen
Features
- Ceiling Fan(s), Storage
- Flooring: Carpet, Laminate, See Remarks, Tile, Wood
- Has fireplace: Yes
- Fireplace features: Family Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 4,100
- Total interior livable area: 4,100 sqft
Property
Parking
- Total spaces: 8
- Parking features: Door-Multi, Driveway, Garage Faces Front, Garage, Paved, Storage
- Garage spaces: 4
- Uncovered spaces: 4
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: Main level
- Pool features: None
- Spa features: None
- Fencing: Block,Chain Link,Wood
- Has view: Yes
- View description: None
Lot
- Size: 0.33 Acres
- Features: 2-5 Units/Acre, Back Yard, Front Yard, Landscaped, Level, Rectangular Lot, Yard
Details
- Additional structures: Shed(s)
- Parcel number: 5258016019
- Zoning: MPR2YY
- Special conditions: Trust
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Quadruplex
Materials
- Stucco
- Foundation: Raised, See Remarks
- Roof: Composition
Condition
- Fixer
- New construction: No
- Year built: 1954
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, See Remarks, Water Connected
Community & HOA
Community
- Features: Curbs, Street Lights, Sidewalks
- Security: Smoke Detector(s)
Location
- Region: Monterey Park
Financial & listing details
- Price per square foot: $385/sqft
- Tax assessed value: $1,580,000
- Annual tax amount: $22,278
- Date on market: 8/1/2024
- Cumulative days on market: 27 days
- Listing terms: Cash,Cash to New Loan
- Total actual rent: 3900
- Tenant pays: All Utilities
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 1/28/2025 | Listing removed | $2,700$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/13/2024 | Listed for rent | $2,700$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/21/2024 | Sold | $1,580,000-12.2%$385/sqft |
Source:  CRMLS #CV24154695 Report a problem | ||
| 9/13/2024 | Pending sale | $1,799,000$439/sqft |
Source: CRMLS #CV24154695 Report a problem | ||
| 8/29/2024 | Contingent | $1,799,000$439/sqft |
Source: CRMLS #CV24154695 Report a problem | ||
| 8/1/2024 | Listed for sale | $1,799,000$439/sqft |
Source: CRMLS #CV24154695 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $22,278 +538.1% | $1,580,000 +799.5% |
| 2024 | $3,491 +2.7% | $175,644 +2% |
| 2023 | $3,399 +3.7% | $172,201 +2% |
| 2022 | $3,278 +1.5% | $168,826 +2% |
| 2021 | $3,231 +0.8% | $165,516 +1% |
| 2020 | $3,205 | $163,820 +2% |
| 2019 | $3,205 +7.3% | $160,609 +2% |
| 2018 | $2,986 | $157,461 +2% |
| 2017 | $2,986 -0.8% | $154,375 +2% |
| 2016 | $3,010 +7.1% | $151,349 +1.5% |
| 2015 | $2,809 +2% | $149,077 +2% |
| 2014 | $2,754 | $146,157 +2.5% |
| 2012 | -- | $142,646 +2.8% |
| 2010 | -- | $138,805 +10.1% |
| 2004 | -- | $126,024 +1.9% |
| 2003 | -- | $123,716 +2% |
| 2002 | -- | $121,292 |
Find assessor info on the county website
Neighborhood: 91755
Nearby homes
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- $--2 bd1 ba700 sqft524 Elizabeth Ave #B, Monterey Park, CA 91755Off Market
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Nearby schools
GreatSchools rating
- 8/10Emerson (Ralph Waldo) Elementary SchoolGrades: K-6Distance: 0.3 mi
- 8/10Garvey (Richard) Intermediate SchoolGrades: 7-8Distance: 0.6 mi
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Estimated market value
$1,882,900
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
$1,882,900
- California
- Los Angeles County
- Monterey Park
- 91755
- 533 Elizabeth Ave
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