Duplex with Courtyard
For Sale
$853,000
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
Price / SF$592.36
Days on Market112
Property Features for 1314 W 1st Street
General Information
Standard status
Active
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) 675-6544
Listed By:
Jean Liu · License #01012483
(626) 675-6544
Source:
Exitrealty
Added: May 4
Changed: Aug 23
Last Checked: Jul 24 at 3:58PM
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 = 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
$25,148
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
2.95%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 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
