Property Details
About this Property
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 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.
MLS Listing Information
MLS #
CRCV25169203
MLS Source
California Regional MLS
Days on Site
34
Interior Features
Kitchen
None
Exterior Features
Roof
Shingle
Pool
None
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage, Garage: 3 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 3 | 3 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
498 W Riggin St is a Triplex in Monterey Park, CA 91754. This – square foot property sits on a 6,823 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,200,000 and was built in 1948. This address can also be written as 498 W Riggin St, Monterey Park, CA 91754.
©2025 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of August 25, 2025. For the most current information, please contact Kristopher German, (626) 427-0786
