About 216 E Graves
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.
Features of 216 E Graves
| MLS® # | WS26082158 |
|---|---|
| Price | $1,880,000 |
| Sold Price | $1,850,000 |
| Bedrooms | 8 |
| Bathrooms | 4.00 |
| Lot Sqft | 12,612 |
| Acres | 0.29 |
| Year Built | 1954 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Closed |
| # Of Units | 4 |
Community Information
| Address | 216 E Graves |
|---|---|
| Area | 641 - Monterey Park |
| City | Monterey Park |
| County | Los Angeles |
| Zip Code | 91755 |
Amenities
| Parking Spaces | 4 |
|---|---|
| # of Garages | 4 |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Lot Description | Rectangular Lot |
|---|
Additional Information
| Date Listed | April 15th, 2026 |
|---|---|
| Date Sold | June 5th, 2026 |
| Days on Market | 28 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Yin Zhen Li |
|---|---|
| Office | eXp Realty of Southern California, Inc. |