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MONTEREY PARK, CA, FOR RENT, FOR LEASE
Monterey Park is in the western San Gabriel Valley region located in Los Angeles
County and is a great place to rent multifamily, duplex, triplex, fourplex and larger commercial
apartment properties. Its job industry, conveniences, and attractions make this a great place to
live and there is a good market available to rent multifamily rental properties such as duplexes,
triplexes, and fourplexes. There is also no rent control in Monterey Park.
Monterey Park’s population was 60,937 as of 2012. The estimated median household
income in 2011 was $48,071 (it was $40,724 in 2000). This is lower than the California median
which was $57,287 in 2011.
The Chinese-dominated business district, between Garfield Avenue and Garvey
Avenue, is called "Downtown Monterey Park". In the mid-1980s, Lincoln Plaza Hotel was built to
predominantly service tourists from Taiwan and Hong Kong. Monterey Park has many choices
of Hong Kong fusion cafes and there are several Cantonese seafood restaurants. According
to the City's 2010 Comprehensive Annual Financial Report, the top employers in the city are:
East Los Angeles College (1,969), Garfield Medical Center (970), Los Angeles County Sheriff's
Department (791), Superior Court of Los Angeles County - Edmund D. Edelman Children's
Court (736), and Monterey Park Hospital (362).
The city also enjoys being close to a variety of conveniences. The nearest major airport
is Bob Hope Airport (BUR). This airport has domestic flights from Burbank and is 22 miles from
the center of Monterey Park. Another major airport is Long Beach Airport (LGB), which has
domestic flights from Long Beach and is 24 miles from Monterey Park. There are two hospitals
in Monterey Park: Garfield Medical Center and Monterey Park Hospital. The local college is
East Los Angeles College with 7,738 full time enrolled students, but also only 3 miles away is
the University of Southern California with 30,578 full time enrolled students.
Monterey Park has many attractions, including the Garvey Ranch Observatory, which
has a telescope construction workshop, a historical museum, and a library. The recently opened
commercial developments include Atlantic Times Square, which is anchored by AMC Theatres
and 24 Hour Fitness, in addition to eating establishments and other stores. The development
includes luxury condos directly above on the third through sixth floors. Also, Monterey Park
Village is a 40,000 sq. ft. shopping center on South Atlantic Boulevard commercial corridor with
a Staples, Walgreens and Togo’s eatery.
All of these features make Monterey Park a great place to rent multifamily rental
properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings.
This vibrant, diverse community has great attractions, a healthy work industry, and many
renters. The density of the city and the desire for people to live here, make it an ideal location
for multifamily living and the city does have great duplex, triplex, and fourplex properties.
This information was gathered from www.ci.monterey-park.ca.us, city-data.com, and wikipedia
Thank you for choosing MultiFamilyOwl.com in your search for a duplex, triplex, fourplex or commercial apartment for rent in Monterey Park.