RateMyAgentGo to search
Back 498 West Riggin Street
Active

498 West Riggin Street

Monterey Park CA 91754

5
3
6823 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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 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.

Features

5 bedrooms
3 bathrooms
6823 sq. ft. lot size
Multi-Family

Property history for 498 West Riggin Street

2023
Sold
$870,000
02 Jan 2023 by David Weinberger, of Keller Williams Studio City

Happy sellers in Monterey Park

~%

We have insufficient information to provide an overview of customer satisfaction for Monterey Park. Viewing the agent profiles, reviews and sales for Monterey Park can provide insights for this location.

Local market activity for 5 bedroom multi families in Monterey Park

RateMyAgent
Sales:
(619) 566-0008
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsLicensingSitemap