Monterey Park Four-Unit
2012 South Garfield Avenue, Monterey Park, CA 91754
For Sale
$1,738,000
Four-unit property near freeways, parks, and shopping.
Property Size4,044 SF
Price / SF$429.77
Days on Market244
Property Features for 2012 South Garfield Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Net Operating Income
Building Details
Year Built
Buildings
Units
Listing Agency:
SAN GABRIEL VALLEY REALTY
Listed By:
CHARLIE LAC · License CA #01777052
(626) 566-8399
Source:
Compass
Added: Mar 12
Changed: Nov 10
Last Checked: Jul 16 at 6:53AM
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 SAN GABRIEL VALLEY REALTY
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Investment Insights
Based on property information with market context.
This four-unit property is located near the 10, 710, and 60 freeways and is within walking distance of Barnes and Edison Park. Costco, 99 Ranch, Ralphs, Downtown Los Angeles (DTLA), and Pasadena are a short drive away. The property has been upgraded and maintained, featuring a roof approximately six years old and two-year-old tankless efficient gas-powered water heaters. A coin-operated laundry room serves three units, while the master unit has its own private washer and dryer room. Each unit includes a yard or balcony, and all units have central air and heat. There are eight parking spaces, including six gated carports and two parking stalls for larger vehicles.
Key Highlights
- Prime location: Easy access to Downtown Los Angeles (DTLA), Pasadena via the 10, 710, and 60 freeways.
- Income potential: Features a coin‑operated laundry room for three units, offering additional income.
- Upgraded and well‑maintained: Relatively new roof (approximately six years old) and two‑year‑old tankless water heaters.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,623
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,412,460
$1.4M
Cap Rate 7%
$1,008,900
$1.0M
Cap Rate 9%
$784,700
$784.7K
Market Conditions
NOI Build-Up for 4,044 SF
Gross rent
$109.2K $27.00/SF
− Vacancy
−$8.3K −$2.05/SF
EGI
$100.9K $24.95/SF
− OpEx
−$30.3K −$7.48/SF
NOI
$70.6K $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%
$1,412,460
Cap Rate 7%
$1,008,900
Cap Rate 9%
$784,700
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$882.8K – $1.18M
NOI $70,623 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$929.6K
$813.4K – $1.08M
NOI $65,071 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$2.17M
$1.89M – $2.53M
NOI $151,560 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
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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
$845,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Los Angeles County, CA
Properties on Market for Quadplexes in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property near freeways, parks, and shopping.
Where is this quadplex located?
The property is located at 2012 South Garfield Avenue Monterey Park, CA.
What is the asking price?
The asking price for this property is $1,738,000.
What are key features of this property?
This property features: Prime location: Easy access to Downtown Los Angeles (DTLA), Pasadena via the 10, 710, and 60 freeways.; Income potential: Features a coin‑operated laundry room for three units, offering additional income.; Upgraded and well‑maintained: Relatively new roof (approximately six years old) and two‑year‑old tankless water heaters.
