498 West Riggin Street Monterey Park, CA 91754
2,442 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 2,442 sqft
Price per Sqft $491
MLS Listing ID CV-25169203
Year Built 1948
Lot Size 6,823 Sqft
Property Sub-Type Apartment
Property Description
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
Zoning MPR2*
Interior
Fireplaces Type None
Laundry Gas Dryer Hookup, In Kitchen, Washer Hookup
Exterior
Parking Features Garage Faces Rear, Assigned
Garage Spaces 3.0
Pool None
Community Features Sidewalks
Utilities Available Sewer Available, Water Available, Electricity Available, Natural Gas Available
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944