216 E Graves, Monterey Park, CA 91755
Fourplex
Sold June 2026
Listing Agent: YIN ZHEN LI (DRE #01992880) · Listing Office: eXp Realty of Southern California, Inc. · Contact: 626-375-0340 · Bought with: YIN ZHEN LI · eXp Realty of Southern California, Inc. · MLS #WS26082158 · Source: CRMLS
How this sale compares
216 E Graves sold for $1,850,000 in June 2026, 1.6% under its $1,880,000 list price, after 28 days on the market. Across 68 closed sales in 91755 over the last 12 months, the median sold price is $942,500 and the median is $589 per square foot.
| Quarter | Closed sales in 91755 | Median sold price |
|---|---|---|
| Q1 2026 | 5 | $850,000 |
| Q2 2026 | 28 | $950,000 |
| Q3 2026 | 29 | $935,000 |
| Q4 2026 | 6 | $949,444 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Monterey Park · Homes for sale in 91755
Description
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.
Listing description from the June 2026 sale, as reported to CRMLS.
Sale history
Recent sales near 216 E Graves
209 Graves Avenue E: Sold $1,210,000 · 5 bd · 4 ba · 3,512 sqft · Jun 2026 · 0.1 mi
RE/MAX Galaxy | DRE #02193281
Buyer's agent: Pamela Nguyen, FTRE CA Inc. | DRE #02138289325 Mooney: Sold $885,000 · 3 bd · 1 ba · 1,763 sqft · Jul 2026 · 0.1 mi
HUNTINGTON REALTY GROUP CO. | DRE #02088949
Buyer's agent: KAREN CHE, Pinnacle Real Estate Group | DRE #01969351522 Cecil Street: Sold $890,000 · 3 bd · 2 ba · 1,316 sqft · Jul 2026 · 0.1 mi
Compass | DRE #01005527
Buyer's agent: Mia Fukumoto, Keller Williams Realty | DRE #02118721125 E Graves Avenue: Sold $1,000,000 · 3 bd · 3 ba · 2,034 sqft · Jun 2026 · 0.2 mi
MANREALTY.COM | DRE #01870805
Buyer's agent: CHARLES DU, Apex Property & Investment | DRE #01008321351 S Lincoln: Sold $1,120,000 · Aug 2026 · 0.2 mi
RE/MAX Premier Properties | DRE #01338788
Buyer's agent: Chengcheng Liu, Pinnacle Real Estate Group | DRE #02123616325 Russell Avenue: Sold $1,500,000 · Jun 2026 · 0.3 mi
RE/MAX CHAMPIONS WC | DRE #01334118
Buyer's agent: Crystal Zheng, KW Executive | DRE #01773176353 Peach A: Sold $838,000 · 4 bd · 4 ba · 1,822 sqft · Jul 2026 · 0.3 mi
IRN Realty | DRE #01132945
Buyer's agent: Tiffany Zheng, Wetrust Realty | DRE #01801771420 S Alhambra Avenue C: Sold $800,000 · 4 bd · 3 ba · 1,522 sqft · Aug 2026 · 0.3 mi
Coldwell Banker Realty | DRE #01929147
Buyer's agent: James Wang, IRN Realty | DRE #00881020
Closed sales reported in 91755, nearest first, last 12 months. All recent sales in Monterey Park →