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529 S Garfield Avenue — photo 1
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Units

4

Building Size

2,654 sf

Lot Size

4,775 sf

Status

Active

Listing Agent: Armen Avedian, Coldwell Banker Hallmark

Monterey Park

529 S Garfield Avenue

About This Property

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.

Unit Mix

  • 4 units · 2bd / 1ba

Neighborhood

This property is located in Monterey Park. Want to learn more about the area?

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Asking Price

$1,275,000

Est. Monthly Payment

$8,147/mo

20% down · 6.5% rate · 30yr

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Listing Agent

Armen Avedian

Coldwell Banker Hallmark