Monterey Park, CA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Monterey Park short-term rental market based on reliable data.

Listings

149 / 493

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$41,810

Middle-Earners Revenue

Occupancy

70%

Middle-Earners Occupancy

Home Value

$932,302

Median Home Sale Price

Top Earners

$80,169

Top-Earners Revenue

Monterey Park

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Monterey Park.

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B

Generally Investor friendly

Monterey Park Regulations

Monterey Park clearly permits STRs citywide with a defined permitting process, standard TOT (12%), and no explicit caps, which keeps things investor‑friendly. Requirements are moderate and manageable—owner application, notarized nuisance response plan, $1,500 bond, insurance, and a 30‑day, 200‑ft neighbor notification—creating a predictable, but not minimal, compliance burden.

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About Monterey Park

Monterey Park is a city in the western San Gabriel Valley, in Los Angeles County, California, with a population of roughly 60,000 residents. Often described as one of the first suburban Chinatowns in the United States, the city has a strong Asian American character, particularly Chinese and Taiwanese, and is widely recognized for its dense concentration of Asian restaurants, bakeries, tea houses, supermarkets, and specialty shops. Its compact, walkable downtown corridor along Garvey Avenue and Atlantic Boulevard is a regional draw for dim sum, Taiwanese hot pot, and boba. The city sits roughly eight to ten miles east of downtown Los Angeles, making it a practical inland base for visitors who want cultural and culinary variety alongside easy access to the broader metropolitan area.

Just a few miles north in neighboring San Marino, the Huntington Library, Art Museum, and Botanical Gardens offers more than 200 acres of themed gardens, a renowned art collection that includes European and American masterpieces, and a celebrated research library. About a ten-minute drive from Monterey Park, it is one of Southern California's most visited cultural institutions and pairs naturally with a short stay in the area.

A short drive to the northwest brings guests to Griffith Observatory and the surrounding Griffith Park, the largest municipal park in the United States. The observatory, perched on the southern slope of Mount Hollywood, offers public telescopes, planetarium shows, and panoramic views of the Los Angeles basin, the Pacific Ocean, and the Hollywood Sign. From Monterey Park, the drive is typically 20 to 30 minutes depending on traffic.

A bit further afield, the San Gabriel Mountains rise directly north of the city, providing a striking backdrop and easy access to hiking, picnicking, and scenic drives in the Angeles National Forest. The mountain observatory at Mount Wilson and the winding Angeles Crest Highway are within roughly an hour's drive, offering cooler temperatures and panoramic views. Closer in, Old Town Pasadena, about eight miles to the north, is a popular destination for shopping, dining, and the historic Rose Bowl Stadium, known for college football's annual Rose Bowl Game and an ongoing calendar of concerts and the flea market.

Monterey Park is a compelling base for short-term rentals because it sits at a cultural crossroads: its own dining and shopping scene draws visitors on its own, while its central San Gabriel Valley location places downtown Los Angeles, Pasadena, Hollywood, the Pacific coast, and the San Gabriel Mountains all within a short drive. Travelers who value authentic cultural neighborhoods, varied cuisine, and convenient access across the region tend to find the city especially appealing as a quieter, more affordable alternative to staying in central Los Angeles itself.

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