CA > Monterey Park
Monterey Park, CA 91754,498 W Riggin ST
Monterey Park, CA 91754,498 W Riggin ST
Monterey Park, CA 91754,498 W Riggin ST
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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660
Listed by Kristopher German • RE/MAX 2000 REALTY
$1,175,000
Est. payment /mo
6,823 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRCV25169203

Year Built 1948

Lot Size 6,823 Sqft

Property Sub-Type Triplex

Source California Regional MLS

Property Description

NEW PRICE! 3-Unit Triplex with 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 expansion-just 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

Area 641 - Monterey Park

Rooms

Kitchen None

Interior

Laundry Gas Hookup, In Kitchen, 30

Exterior

Parking Features Assigned Spaces, Garage

Garage Spaces 3.0

Pool 31, None

View None

Roof Type Shingle

Building

Water District - Public

Others

Tax ID 5266020020

Special Listing Condition Not Applicable

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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660

Agent | DRE01254724 / 01254725

Agent DRE01254724 / 01254725

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