512 West Graves Avenue
Monterey Park, CA, 91754
$868,000
MLS: CV26188072
Beds
2
Baths
1
Sq Ft
822
Lot
0.14 ac
Year Built
1949
MLS #
CV26188072
Days on Market
19
Listed
Sep 7, 2026
Description
ADU-READY MONTEREY PARK OPPORTUNITY Beautifully renovated Monterey Park home offering 2 bedrooms, 1 bathroom, and 822 sq. ft. of move-in-ready living space on a generous 5,976 sq. ft. lot. Recent improvements include fresh interior and exterior paint, new flooring throughout, a new split-system unit in the living room, recessed lighting, ceiling fans with lights and remote controls, a fully remodeled kitchen, and an updated bathroom. The spacious backyard provides outstanding expansion potential, with city-approved plans and permits in place for a 1,200 sq. ft. ADU featuring 3 bedrooms and 3 bathrooms. An existing private courtyard between the main residence and the future ADU offers an ideal outdoor space for relaxing, entertaining, dining, or creating a peaceful retreat. This is an excellent opportunity for multigenerational living, potential rental income, or increased property value. Conveniently located near parks, shopping, dining, schools, and major freeways, this turnkey property combines modern upgrades, valuable outdoor space, and exceptional future potential in the heart of Monterey Park.
Location
Monterey Park, Los Angeles County, CA 91754
Open on Google Maps ↗Listed by: Matthew Lieu · eXp Realty of Greater Los Angeles
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$6,743
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $86,800 · Loan: $781,200
Average 30-yr fixed rate 7.03% as of Sep 24, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $5,213
- Property tax (1.25%)
- $904
- Homeowners insurance
- $300
- Mortgage insurance
- $326
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Sep 24, 2026
- 30-year fixed
- 7.03%
- 15-year fixed
- 6.42%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Monterey Park home with as little as 3.5% down using an FHA loan — roughly $30,380 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Local Market Stats
See Monterey Park, CA 91754 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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