CA > Monterey Park
Monterey Park, CA 91754,498 W Riggin Street
Monterey Park, CA 91754,498 W Riggin Street
Monterey Park, CA 91754,498 W Riggin Street
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$1,200,000
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5 Beds
3 Baths
New

498 W Riggin Street Monterey Park, CA 91754

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Patty Doyle

Patty Doyle

+1(619) 886-0321

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25169203

Bedrooms 5

Property Sub-Type Res Income 2-4 Units

Property Description

Just listed 3-Unit Triplex plus approved permits to build 4th Unit ADU! The property presents an exceptional opportunity for investors or owner-users seeking strong existing income and value-add potential. The property features an ideal unit mix of one 1-bedroom/1-bath single-story unit and two 2-bedroom/1-bath units, totaling 2,442 rentable square feet on a 6,823 square foot lot. Each unit is separately metered for electricity and gas, and tenants enjoy garage parking and private interior laundry hookups, adding to long-term tenant appeal. What truly sets this offering apart is the rare opportunity to immediately increase value: approved plans and permits are in place for a 689 sq. ft. 1-bedroom ADU, allowing for a 4th income-generating unit. Major capital improvements have already been completed, including a new electrical panel for all units and a new copper main water line, ensuring reduced maintenance costs. Located in a strong rental market with proximity to shops, schools, and transportation, this property is ready for expansionjust bring your shovel and start building. Whether you're looking to grow your portfolio or live onsite while generating income, this Monterey Park property offers rare upside with permits already in hand.

Location

State CA

County Los Angeles

Zoning Assessor

Direction East of Atlantic Blvd. North of 60 Freeway

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 5266020020

MLS Router / San Diego MLS
Listed by Kristopher German RE/MAX 2000 REALTY

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agent

Patty Doyle

Agent | License ID: 01507441

+1(619) 886-0321

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498 W Riggin Street

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