1982 S Garfield , Monterey Park, CA 91754
$1,680,000
Est. Payment: $8,898.38/mo
9 Bed
8 Bath
4445 Sqft
Status: Active | Days on site: 1
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51400 - CV43308
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House Description

**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.

Highlights

Listed by Silvia Cheung , 626-315-3119 KELLER WILLIAMS , 562-902-5100. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.24

Year Built

1977

County

Los Angeles

Area

641 - Monterey Park

Listing ID

CV26168292

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:9
  • Bathrooms:8
  • Full Bathrooms:
Water:Public

Exterior Features

Lot:No Land Lease
Garage Capacity:12
Roof:Shingle
Others:
  • Additional:2+ Total Units
Sewer:Public Sewer
Parking Features:Assigned,Covered,Driveway,Garage,One Space
Principal Interest
$8,898
Taxes
$1,071

Home Price

$1,680,000

Loan Details

30 yrs
6.952%

Down Payment

20%
$336,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,898.38

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,898.38 $1,071.00 $0.00 $9,969.38
Yearly $106,780.58 $12,852.00 $0.00 $119,632.58
Total $3,203,417.35 $385,560.00 $0.00 $3,588,977.35

Today's Rates

30 Year

6.95%

20 Year

6.73%

15 Year

6.35%

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Market insight data is pulled from the same city as the listing being viewed (Monterey Park, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T13:02:28.000Z

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