498 W Riggin Street, Monterey Park, CA, 91754

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$1,200,000
31 Days On Site

498 W Riggin Street
Monterey Park, CA 91754

For Sale|Apartment|Active
0
Beds
0
Total Baths
2,442
SqFt
$491
/SqFt
1948
Built
County:
Los Angeles
Listed by Kristopher German of RE/MAX 2000 REALTY [email protected]
498 W Riggin Street498 W Riggin Street498 W Riggin Street498 W Riggin Street
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Monthly Payment (Est.)

$5,475
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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 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.

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Listing Snapshot
Price 
$1,200,000
Days On Site 
31 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,442 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1566 Acres
Year Built 
1948
MLS® Number 
CV25169203
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 days agoStatus changed to Active
4 days agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.1566
Garage 
Yes
Garage Spaces 
3
Number Of Stories 
2
Parking 
AssignedGarage Faces Rear
Parking Spaces 
3
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
2442
Stories 
Two
Utilities 
Electricity AvailableNatural Gas AvailableSewer AvailableWater Available
Water Source 
Public
Zoning 
MPR2*
Interior Features
Fireplace Features 
None
Laundry Features 
Washer HookupGas Dryer HookupIn Kitchen
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Exterior Features
Fencing 
BlockWood
Other Structures 
Second Garage
Pool Features 
None
Roof 
Shingle
Spa Features 
None
View 
None
Waterview 
None
Community Features
Building Access 
1 and 2
Community Features 
Sidewalks
MLS Area 
641 - Monterey Park
Roads 
Paved


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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