498 W Riggin Street, Monterey Park, CA 91754

Local realty services provided by:ERA North Orange County Real Estate
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498 W Riggin Street,Monterey Park, CA 91754
$1,200,000
  • - Beds
  • - Baths
  • 2,442 sq. ft.
  • Multi-family
  • Pending
Listed by:kristopher german
Office:re/max 2000 realty
MLS#:CV25169203
Source:CRMLS

Price summary

  • Price:$1,200,000
  • Price per sq. ft.:$491.4

About this home

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,

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Home facts

  • Year built:1948
  • Listing Id #:CV25169203
  • Added:19 day(s) ago
  • Updated:August 17, 2025 at 07:24 AM

Rooms and interior

  • Living area:2,442 sq. ft.

Structure and exterior

  • Roof:Shingle
  • Year built:1948
  • Building area:2,442 sq. ft.
  • Lot area:0.16 Acres

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$1,200,000
  • Price per sq. ft.:$491.4
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