Monterey Park, CA 91754,601 W Riggin Street
Monterey Park, CA 91754,601 W Riggin Street
Monterey Park, CA 91754,601 W Riggin Street
Monterey Park, CA 91754,601 W Riggin Street
Monterey Park, CA 91754,601 W Riggin Street
Monterey Park, CA 91754,601 W Riggin Street
See all 16 photos

$1,150,000

$1,196,000

3.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

5 Beds

3 Baths

8,001 Sqft Lot


SOLD DATE : 07/24/2023

Key Details

Sold Price $1,150,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID TR23074258

Sold Date 07/24/23

Bedrooms 5

HOA Y/N No

Lot Size 8,001 Sqft

Property Description

Welcome to an exceptional investment opportunity in the highly desirable area of Monterey Park. This impressive triplex features three separate units, with two units offering 2 bedrooms and 1 bathroom each, and the third unit with 1 bedroom and 1 bathroom. The units have unique layouts, and they all come with long-term tenants, ensuring a steady stream of income. The total living space of nearly 2,500 square feet and the over 8,000 square feet lot size provide plenty of space for comfortable living. The detached garage with 3 parking spaces and extra storage space offers convenience and security for tenants. The property generates a rental income of $ per month, with potential to increase further to market rent. Additional income can be generated from leasing out the extra parking space and storage shed. These features make this an ideal investment opportunity for investors looking to earn stable passive income. The location of this triplex offers easy access to major freeways such as the 60 and 10, as well as local amenities, including shopping centers, restaurants, schools, and college. Tenants can enjoy a comfortable living experience in well-maintained living spaces with plenty of natural light and ample closet space. The backyard is a good size, providing ample space for outdoor activities such as barbecues. This triplex sits on a large lot, allowing for potential expansion or development, making it an excellent investment opportunity. With a desirable location and the potential for increased rental income, this investment property is not to be missed. Don't miss your
Welcome to an exceptional investment opportunity in the highly desirable area of Monterey Park. This impressive triplex features three separate units, with two units offering 2 bedrooms and 1 bathroom each, and the third unit with 1 bedroom and 1 bathroom. The units have unique layouts, and they all come with long-term tenants, ensuring a steady stream of income. The total living space of nearly 2,500 square feet and the over 8,000 square feet lot size provide plenty of space for comfortable living. The detached garage with 3 parking spaces and extra storage space offers convenience and security for tenants. The property generates a rental income of $ per month, with potential to increase further to market rent. Additional income can be generated from leasing out the extra parking space and storage shed. These features make this an ideal investment opportunity for investors looking to earn stable passive income. The location of this triplex offers easy access to major freeways such as the 60 and 10, as well as local amenities, including shopping centers, restaurants, schools, and college. Tenants can enjoy a comfortable living experience in well-maintained living spaces with plenty of natural light and ample closet space. The backyard is a good size, providing ample space for outdoor activities such as barbecues. This triplex sits on a large lot, allowing for potential expansion or development, making it an excellent investment opportunity. With a desirable location and the potential for increased rental income, this investment property is not to be missed. Don't miss your chance to own this fantastic investment property and take advantage of the rental market's increasing demand in the City of Monterey Park.

Location

State CA

County Los Angeles

Area Monterey Park (91754)

Zoning Appraiser

Exterior

Garage Unit1:Assigned

Building

Lot Description Curbs

Story 2

Lot Size Range 7500-10889 SF

Level or Stories 2 Story

Others

Acceptable Financing Cash, Conventional, Exchange

Space Rent $1,920

Listing Terms Cash, Conventional, Exchange

Financing Conventional

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


San Diego Regional MLS (SDMLS)
Listed by Milan Lai • Keller Williams Signature Realty
Bought with Herbert Rivas • Century 21 Peak
agent-avatar

+1(858) 414-1153

robyn@robynflint.com

Scripps Ranch, 92131, United States

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.