Landscaped Courtyard
For Sale
$845,000
1306 W 1st ST, Monterey Park, CA 91754
Two residential units include private laundry, shared outdoor space, and a detached garage with alley access.
Property Size1,540 SF
Lot Size0.16 Acres
Price / SF$548.70
Days on Market122
Property Features for 1306 W 1st ST
General Information
Standard status
Active
Size
1,540 SF
Total Parking Spaces
2
Lot size
0.16 Acres
Property subtype
MULTI_FAMILY
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
washer and dryer
courtyard garden
Building Details
Building Size
1,540 SF
Year Built
1945
Buildings
1
Listing Agency:
Re/Max Premier Prop SanMarino
(626) 660-1100
Listed By:
Jean Liu · License #01012483
Source:
Milsteinestates
Added: May 2
Changed: Aug 29
Last Checked: Aug 31 at 12:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Re/Max Premier Prop SanMarino
Investment Insights
Based on property information with market context.
Built in 1945, this duplex contains two units totaling approximately 1,540 square feet on a 6,874-square-foot lot. Each residence has 2 bedrooms, 1 bathroom, a living room, and a dining area. Unit #1302 retains original hardwood floors, while Unit #1306 is scheduled for new carpet installation on June 12. Separate washers and dryers serve each unit, and the residences are arranged around a landscaped courtyard garden. A detached two-car garage provides additional utility and is reached from the alley.
The property is near Atlantic Blvd. with access to Downtown Los Angeles and Freeways 5, 60, and 710. Shopping, dining, and East Los Angeles College are also nearby. Long-term tenants are in place, with a reported strong payment history. The property may be sold with adjacent parcel APN 5251-030-007, which contains Units #1310 and #1314; together, the parcels total 13,314 square feet of lot area.
The property is near Atlantic Blvd. with access to Downtown Los Angeles and Freeways 5, 60, and 710. Shopping, dining, and East Los Angeles College are also nearby. Long-term tenants are in place, with a reported strong payment history. The property may be sold with adjacent parcel APN 5251-030-007, which contains Units #1310 and #1314; together, the parcels total 13,314 square feet of lot area.
Key Highlights
- Two‑unit duplex with approximately 1,540 sq. ft. of living space
- 6,874 sq. ft. lot with landscaped courtyard garden
- Each unit includes 2 bedrooms, 1 bathroom, living room, and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,894
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$537,880
$537.9K
Cap Rate 7%
$384,200
$384.2K
Cap Rate 9%
$298,822
$298.8K
Market Conditions
NOI Build-Up for 1,540 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$41.6K $27.00/SF
− Vacancy
−$3.2K −$2.05/SF
EGI
$38.4K $24.95/SF
− OpEx
−$11.5K −$7.48/SF
NOI
$26.9K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$537,880
Cap Rate 7%
$384,200
Cap Rate 9%
$298,822
Alternative Uses
Best Use
Multifamily LT 5
$384.2K
$336.2K – $448.2K
NOI $26,894 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$354.0K
$309.8K – $413.0K
NOI $24,780 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$824.5K
$721.5K – $961.9K
NOI $57,716 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,448
Businesses Nearby
Explore this area
Business Placement
Demographics for 91754, CA
33,300
Population
12,754
Households
2.6
Avg Household Size
44
Median Age
38%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
7,400
Density / Sq Mi
$81,890
Median Household Income
$46,992
Median Earnings
$1,884
Median Rent
$845,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include private laundry, shared outdoor space, and a detached garage with alley access.
Where is this duplex located?
The property is located at 1306 W 1st ST Monterey Park, CA.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Two‑unit duplex with approximately 1,540 sq. ft. of living space; 6,874 sq. ft. lot with landscaped courtyard garden; Each unit includes 2 bedrooms, 1 bathroom, living room, and dining area
