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$1,850,000
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Property Description
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.
Full Property Details
Full Property Details for 216 E Graves
General
- Sold For: $1,850,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: WS26082158
- Added to Site: 87 day(s) ago
Rooms
Other Rooms
- Laundry: Gas & Electric Dryer Hookup, Washer Hookup
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 4
Location
- Area: 641 - Monterey Park
- County: Los Angeles
- Development Name: 641 - Monterey Park
- Driving Directions: On Graves Ave.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Entry Location: Front doors
- Square Feet: 3,344
- Year Built: 1954
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.2895
- Lot Size Source: Assessor
- Lot Description: Rectangular Lot
Financial Considerations
- Price Per Sq. Ft.: $553.23
- Price Per Unit: 470000
Listed and Sold by eXp Realty of Southern California, Inc., YIN ZHEN LI
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Schools
Schools serving 216 E Graves
School District:Alhambra Unified School District
| Name | Grades | Distance |
|---|---|---|
Repetto Elementary School 650 Grandridge Avenue, Monterey Park, CA 91754 | K-8 | 0.4 mi |
Mark Keppel High School 501 East Hellman Avenue, Alhambra, CA 91801 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 216 E Graves
Date
Details
Price
Change
Source
6/05/2026
Sold
$1,850,000
-1.6%
MLS
4/30/2026
Listed
$1,880,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
216 E Graves, Monterey Park, CA 91755 (MLS# WS26082158) is a Multi-Family property that was sold at $1,850,000 on June 05, 2026. Want to learn more about 216 E Graves? Do you have questions about finding other Multi-Family real estate for sale in Monterey Park? You can browse all Monterey Park real estate or contact a Coldwell Banker agent to request more information.

