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216 E GravesMonterey Park, CA 91755

For Sale

$1,880,000

Smart Buyer Rebate $18,800

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.

Listed by YIN ZHEN LI

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License #01992880

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eXp Realty of Southern California, Inc.

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626-375-0340

Last updated May 01, 2026

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Source: CRMLS #WS26082158

Listing Facts

  • TypeMulti-family
  • NeighborhoodSouthwest San Gabriel Valley
  • Days on Prevu2

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

04/30/2026
Listed by eXp Realty of Southern California, Inc.
$1,880,000

Property Details for 216 E Graves

Association

Amenities

  • Community Features: Sidewalks

Exterior

Construction

  • Number Of Units Total: 4
  • Property Attached: Yes
  • Stories Total: 1
  • Year Built: 1954
  • Common Walls: 2+ Common Walls,No One Above,No One Below
  • Entry Level: 1
  • Entry Location: Front doors

Measurements

  • Building Area Total: 3,344
  • Building Area Units: Square Feet
  • Lot Features: Rectangular Lot
  • Lot Size Acres: 0.28
  • Lot Size Area: 12,612
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 12,612
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 5.35
  • Gross Income: $124,500.00
  • Operating Expense: $23,197.00

Taxes

  • Parcel Number: 5260001011

Other

Location

  • Tax Block: 1
  • Tax Lot: 4

Parking

Parking

  • Garage Spaces: 4
  • Garage: Yes
  • Parking Total: 4

Utilities

Equipment

  • Laundry Features: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 216 E Graves.

Does this multi-family home have parking?

Yes, there are 4 parking spaces available for 216 E Graves.

How does 216 E Graves compare to other multi-family homes in Southwest San Gabriel Valley?

This multi-family home is listed 29% below the average price for multi-family homes in Southwest San Gabriel Valley and has been on the market for 63 less days than the typical home in this area.

216 E Graves is a -bedroom multi-family home for sale in Monterey Park CA 91755. Listed on Prevu for 2 days at $1,880,000. This residence is located in Southwest San Gabriel Valley. The median listing price for multi-family homes in this area is $1,069,000. Additional amenities include parking. Browse more multi-family home listings in Los Angeles County.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.