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518 S Garfield Ave, Monterey Park, CA 91754
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518 S Garfield Ave Monterey Park, CA 91754

$768,000
  • 2 Beds
  • 1.5 Baths
  • 1,726 Sq.Ft.
For Sale
$768,000 Get Pre-Qualified
Map preview of 518 S Garfield Ave, Monterey Park, CA 91754

Property Overview: 518 S Garfield Ave Monterey Park, CA has 2 bedrooms, 1.5 bathrooms, 1,726 living square feet and 5,817 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 518 and 520 S. Garfield is the Commercial / Residential mix-use 2 units, located at central area of Monterey Park, major street of Garfield Ave., South of Garvey Ave, close to shopping center, market, school, park, library and civil center. #520 facing Garfield Ave., approx. 500 Sf. current use for residential and used to be a gift shop/ beauty salon; Rear unit #518, profile shows 2 bedrooms 1 bath, has formal dinning room, also permitted 452 Sf .enclosed patio use as a family room. Parking at Front, can be parked 4 cars. House has done some renovated couple years ago, such installed new windows, new sliding door and laminated flooring. Property to be sold in "AS-IS, WHERE-IS" current condition. Buyer to verify the zoning, square footage, condition and satisfy themselves.

Listed by KINNY LIN | BRE #01244019 | TREELANE REALTY GRP, INC.
Last checked: 4 minutes ago | Last updated: April 5th, 2024 | Source CRMLS | DOM: 27
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Home details

Lot Sq. Ft
5,817
HOA Dues
$0/mo
Year built
1940
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
WS24054673
City
Monterey Park
County
Los Angeles
Time on Site
35 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: --
  • # of Baths: 1
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: --
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Open Houses for 518 S Garfield Ave

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Property Details for 518 S Garfield Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Family Room, Kitchen, Laundry, Living Room, See Remarks
Kitchen Information
  • Has Appliances
  • Hot Water Circulator
Interior Features
  • Living Room Balcony
Exterior Features
Exterior Information
  • Roof: Asphalt
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: On Site, Parking Space
Lot Information
  • Lot Features: Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights, Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5257017009
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Facing Garfield Ave; South of Garvey Ave.
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Monterey Park Agent

Sale History for 518 S Garfield Ave

Last sold for $490,000 on March 23rd, 2007

  • March, 2024

  • Mar 22, 2024

    Date

    Active

    CRMLS: WS24054673

    $768,000

    Price

  • June, 2021

  • Jun 9, 2021

    Date

    Expired

    CRMLS: WS20247726

    $820,000

    Price

  • Dec 8, 2020

    Date

    Active

    CRMLS: WS20247726

    $820,000

    Price

  • Listing provided courtesy of CRMLS

    Mixed use building currently used as residential property. Tax info indicated 2 bedroom, 1 bath. However, lower level which is approx. 500 sq ft has 1 bedroom, 1 bath and CAN BE CONVERTED BACK TO GARAGE OR CAN BE RENTED OUT FOR ADDITONAL INCOME. Upper level has 2 bedrooms, 1bath, living room. Good location and close to all conveniences. Upper level is 518 S Garfield Ave and is a MPR3 zoning and lower level is 520 S Garfield Ave is NS (Neighborhood Shopping) zoning. Buyers to satisfy themselves as to property condition and to verify with City as to its legality, usage, permits and square footage.

  • March, 2007

  • Mar 23, 2007

    Date

    Sold (Public Records)

    Public Records

    $490,000

    Price

  • October, 2004

  • Oct 26, 2004

    Date

    Sold (Public Records)

    Public Records

    $320,000

    Price

Show More

Tax History for 518 S Garfield Ave

Assessed Value (2020): $600,273
Year Land Value Improved Value Assessed Value
2020 $503,498 $96,775 $600,273

Home Value Compared to the Market

This property vs the competition

518 S Garfield Ave is listed 3.76% lower than the median list price for the city of Monterey Park which has a median list price of $798,000. The median price per/sqft for Monterey Park is $617 and this home is listed at $444.96 per/sqft which puts the price per square foot 27.88% lower than the median price per square foot for the city of Monterey Park.

About 518 S Garfield Ave

Detailed summary of property

518 S Garfield Ave is a mixed use located in Monterey Park, CA 91754 and is currently for sale. This mixed use property offers 2 bedrooms, 1.5 bathrooms, roughly 1,726 living square feet, and sits on an approximately 5,817 square foot lot. 518 S Garfield Ave was first listed on ArdentRealEstateGroup.com on March 20, 2024. The homeowner is currently asking $768,000. The median priced home in Monterey Park is $798,000 with a median price per square foot of $617. Based on Ardent Real Estate Group's Monterey Park Market Data, this home is listed 3.76% lower than the median priced home. Local competing homes currently for sale include 849 S Broadway #802, 1100 S Hope St #510 and 820 Columbia Ave. While the average home in Monterey Park, CA is selling in 64 days, 518 S Garfield Ave has a days on market of 27 days. There are currently 60 homes for sale in the Monterey Park real estate market and 29 of them are single family homes while 24 of them are condos and 7 are townhomes. For more information on this home for sale at 518 S Garfield Ave Monterey Park, CA 91754 contact Ardent Real Estate Group and we will put you in touch with one of our Monterey Park agents.

Public Facts for 518 S Garfield Ave

Public county record property details
Beds
--
Baths
--
Year built
1940
Sq. Ft.
1,226
Lot Size
5,815
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
13
APN
5257-017-009

The source for these homes facts are from public records.

91754 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$763,000
Median List Price/Sq.Ft.
$640
Median Sold Price
$770,000
Median Sold Price/Sq.Ft.
$639
Total Inventory
44
Median Sale to List Price %
98.72%
Avg Days on Market
28
Loan Type
Conventional (50%), FHA (5.56%), VA (0%), Cash (33.33%), Other (11.11%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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, 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.

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