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2,654 sqft

$1,275,000

529 S Garfield Avenue, Monterey Park CA, 91754

Price per sqft$480.41
Built in1955
Property size2,654 sqft
Property typeMulti-family
Listed by Armen Avedian CA DRE# 00945343 with Coldwell Banker Hallmark 818-399-6531

Overview

Active

Listed Oct 7, 2026

Updated 10h ago

Turnkey 4-Unit Multifamily Investment Opportunity in Prime Monterey Park! A rare chance to own a very well-maintained fourplex with strong income potential. The property features a functional layout and has benefited from major capital improvements, including updated electrical panels and copper plumbing, helping provide peace of mind and minimize deferred maintenance. Each unit offers two-car tandem parking and a 5' x 7' private storage shed, plus additional storage areas designated for the owner’s use. All units are equipped with wall air conditioning & some units feature granite countertops. There is also a common laundry room for the residents’ convenience. This property offers a unique opportunity for an investor or owner-user to lease at current market rents, or occupy one of the units while benefiting from rental income. With its desirable location near schools and a beautiful park, substantial upgrades, ample parking, and additional storage, this property offers a compelling combination of functionality, flexibility, and income upside. A great opportunity to acquire a turnkey 4-unit asset with immediate value-add potential in desirable Monterey Park.

$8,483/mo

Est. mortgage payment based on a $1,275,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
GD26218067

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.11 Acres

Other Property Details

Maintenance Expense
$3,000
55+/Senior Community
No
MLS provider logo

Listed by Armen Avedian CA DRE# 00945343 with Coldwell Banker Hallmark 818-399-6531

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/7/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/7/2026 at 7:49 AM UTC Last Checked: 7:49 AM UTC

 

 

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