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    228 W Riggin Street

    Monterey Park, CA 91754
    • $775,000
    • STATUS: Active
    • ON SITE: 78 days
    • ID#: WS21036994
    UPDATED: 67 min ago
    $775,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,617
      SQFT
    • $479
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    Looking for a great starter income producing property that is low maintenances, has an upside, and can allow you to live in one and rent the other? Well, this is it, the ideal rental, something manageable, some updates needed but has great bones, and located in a great neighborhood just on the the outskirts of LA. The current tenants are long term and friendly, they're paying on time and in full! One open unit available for you to move in or start at market rent. This property is not under "city" rent control so you're not conformed to LA Housing rules. 2 units fully rented out and the 3rd one is yours to do what you'd like to it. Monterey Park is such a great community, located in a great part of town near tons of eateries and public transportation, and about 5-10 to downtown LA. Must see to appreciate.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-12T19:37:51.713. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/114431571
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    228 W Riggin Street Monterey Park, CA 91754

    • Price: $775,000
    • Status: Active
    • Updated: 67 min ago
    • ID#: WS21036994
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1,617
    SQFT
    $479
    $/SQFT
    1949
    Built
    Neighborhood:
    641 - Monterey Park
    County:
    Los Angeles
    Area:
    641 - Monterey Park
    Property Description
    Looking for a great starter income producing property that is low maintenances, has an upside, and can allow you to live in one and rent the other? Well, this is it, the ideal rental, something manageable, some updates needed but has great bones, and located in a great neighborhood just on the the outskirts of LA. The current tenants are long term and friendly, they're paying on time and in full! One open unit available for you to move in or start at market rent. This property is not under "city" rent control so you're not conformed to LA Housing rules. 2 units fully rented out and the 3rd one is yours to do what you'd like to it. Monterey Park is such a great community, located in a great part of town near tons of eateries and public transportation, and about 5-10 to downtown LA. Must see to appreciate.
    Exterior Features

    Lot Features Front Yard Number Of Separate Electric Meters 3 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 1 Common Wall

    Property Features

    Additional Parcels YN No Common Interest None Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 46320 Gross Scheduled Income 46320 Insurance Expense 1200 Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanConventionalFhaSubmitVa Loan Net Operating Income 33663 New Construction YN No New Taxes Expense 8438 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 12658 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 1200 Water Sewer Expense 1800 Water Source Public Zoning Mpr2*

    Listing provided courtesy of May Kunka of Compass-Pasadena


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-12T19:37:51.713. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
     
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