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498 W Riggin Street, 
Monterey Park, CA 91754

$1,200,000


5

Beds


3

Baths


-

Sq Ft


Multi-Family

Active

Listed by

Kristopher German

RE/MAX 2000 Realty

Last updated:

August 6, 2025, 02:16 PM

MLS#

CV25169203

Source:

SANDICOR

About This Home

498 W Riggin Street

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 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.

Home Facts

Multi-Family

3 Baths

5 Bedrooms

Price Summary

1,200,000

MLS #:

CV25169203

Last Updated:

August 6, 2025, 02:16 PM

Added:

10 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

3


Finances & Disclosures

Finances

Price:

$1,200,000

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