Monterey Park, CA 91754,601 W Riggin Street
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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

$1,150,000

Est. payment /mo

$1,196,000

3.8%
Est.Price: ?

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601 W Riggin Street Monterey Park, CA 91754

5 Beds

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

Bedrooms 5

Property Sub-Type Res Income 2-4 Units

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

Location

State CA

County Los Angeles

Zoning Appraiser

Exterior

View Y/N No

Building

Story 2

Others

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

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MLS Router / San Diego MLS
Listed by Milan Lai Keller Williams Signature Realty
Bought with Herbert Rivas Century 21 Peak
Candi DeMoura

Candi DeMoura

Realtor | License ID: 01930846

+1(858) 900-1333

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