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Off market
  • $1,198,200

    500 W Riggin St, Monterey Park, CA 91754

    5beds
    3baths
    2,548sqft
    MultiFamily
    Built in 1948
    -- sqft lot
    $1,198,200 Zestimate®
    $470/sqft
    $2,983 Estimated rent

    Home value

    $1,198,200

    $1.10M - $1.31M

    $2,983/mo

    Zestimate® history
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    Owner options

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    $2,983/mo

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    $2,983/mo

    Rent Zestimate®

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    $7,476/mo

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    $7,476/mo

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    What's special

    We are pleased to present for sale this excellent investment opportunity in the heart of Monterey Park. The opportunity boasts an excellent unit mix of (2) 2+1 units and (1) 1+1 unit. One of the 2 bedroom units will be delivered vacant a year after the close of escrow, while the 1 bedroom unitwill be delivered vacant 3 months after the close of escrow. The property appeals to an investor looking to expand their portfolio in Monterey Park or owner-user looking to occupy one unit and obtain significant rental income in the remaining two units. The property is centrally located in the highly desirable area of Monterey Park. Monterey Park is part of a cluster of cities (Alhambra, Arcadia, Temple City, Rosemead, San Marino, and San Gabriel Valley). Monterey Park has consistently ranked as one of the country's best places to live, due to its good schools, growing economy,and central location. Monterey Park is home to the Garvey Ranch Observatory, located in Garvey Ranch Park.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    Cooling
    • Other
    Features
    • Furnished: Yes
    Interior area
    • Total interior livable area: 2,548 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Carport, Garage - Attached
    Lot
    • Size: 7,906 sqft
    Details
    • Parcel number: 5266011019

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1948

    Community & neighborhood

    Location
    • Region: Monterey Park

    Other

    Other facts
    • County: Los Angeles
    • PropertyType: Residential Income
    • SourceLotSizeArea: Assessor
    • UnitTypeType: 1, 2, 3
    • Equipment: Other
    • SourceLivingArea: Assessor
    • Heating: Other
    • ParkingGarage: Garage - 3 Car
    • ListingStatus: Pending
    • ListingArea: Monterey Park

    Price history

    DateEventPrice
    12/18/2018Sold$850,000-5%$334/sqft
    Source: CLAW #18407812 Report a problem
    11/27/2018Pending sale$895,000$351/sqft
    Source: Remax Commercial and Investment Realty #18407812 Report a problem
    11/15/2018Listed for sale$895,000$351/sqft
    Source: Remax Commercial and Investment Realty #18407812 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$12,719 +1.2%$948,186 +2%
    2024$12,565 -0.3%$929,595 +2%
    2023$12,598 +3.5%$911,369 +2%

    Find assessor info on the county website

    Neighborhood: 91754

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,198,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,198,200