Duplex with Courtyard
For Sale
$853,000
Pending
1314 W 1st Street, Monterey Park, CA 91754
Two well-maintained single-story units surround a landscaped courtyard, with a detached three-car garage accessible by alley.
Property Size1,440 SF
Lot Size0.31 Acres
Days on Market163
Property Features for 1314 W 1st Street
General Information
Standard status
Pending
Size
1,440 SF
Total Parking Spaces
3
Lot size
0.31 Acres
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
washer/dryer hookups
courtyard garden
Building Details
Year Built
1945
Stories
1
Tenancy
Multi
Listing Agency:
Re/Max Premier Prop SanMarino
(626) 660-1100
Listed By:
Jean Liu · License #01012483
(626) 675-6544
Source:
Exitrealty
Added: May 3
Changed: Sep 2
Last Checked: Sep 15 at 6:14AM
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.
APN 5251-030-007 includes two well-maintained, single-story units (#1310 and #1314), each offering two bedrooms and one bathroom with washer and dryer hookups. The units are arranged around a landscaped courtyard garden, creating a shared outdoor space for residents.
A detached three-car garage sits on the property with easy alley access. Long-term tenants are currently in place, with a strong payment history.
This offering also includes a rare opportunity to acquire two adjacent parcels sold together in one transaction (APNs 5251-030-008 and 5251-030-007). The combined lot is 13,314 square feet. The property is ideally located near Atlantic Blvd., with quick access to the 5, 60, and 710 freeways, and is just minutes from shopping, dining, and East Los Angeles College.
A detached three-car garage sits on the property with easy alley access. Long-term tenants are currently in place, with a strong payment history.
This offering also includes a rare opportunity to acquire two adjacent parcels sold together in one transaction (APNs 5251-030-008 and 5251-030-007). The combined lot is 13,314 square feet. The property is ideally located near Atlantic Blvd., with quick access to the 5, 60, and 710 freeways, and is just minutes from shopping, dining, and East Los Angeles College.
Key Highlights
- Two adjacent single‑story units (#1310 and #1314), each with 2 bed / 1 bath and approx. 720 SF
- Landscaped courtyard garden setting with the units arranged around the courtyard
- Washer and dryer hookups included for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,148
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,960
$503.0K
Cap Rate 7%
$359,257
$359.3K
Cap Rate 9%
$279,422
$279.4K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$38.9K $27.00/SF
− Vacancy
−$3.0K −$2.05/SF
EGI
$35.9K $24.95/SF
− OpEx
−$10.8K −$7.48/SF
NOI
$25.1K $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 Rate 5%
$502,960
Cap Rate 7%
$359,257
Cap Rate 9%
$279,422
Alternative Uses
Best Use
Multifamily LT 5
$359.3K
$314.4K – $419.1K
NOI $25,148 @ 7.0% cap · market cap 2.95%
Second Best
Apartment 5plus
$331.0K
$289.6K – $386.2K
NOI $23,171 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$771.0K
$674.6K – $899.5K
NOI $53,968 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two well-maintained single-story units surround a landscaped courtyard, with a detached three-car garage accessible by alley.
Where is this duplex located?
The property is located at 1314 W 1st Street Monterey Park, CA.
What is the asking price?
The asking price for this property is $853,000.
What are key features of this property?
This property features: Two adjacent single‑story units (#1310 and #1314), each with 2 bed / 1 bath and approx. 720 SF; Landscaped courtyard garden setting with the units arranged around the courtyard; Washer and dryer hookups included for each unit
