Property Details
About this Property
We are pleased to exclusively offer for sale this 3 Unit multi-family property for sale in the prime rental location of Monterey Park. Strategically positioned within walking distance to Atlantic Square, residents enjoy easy access to a variety of restaurants and shopping outlets, along with proximity to the metro station, ensuring convenient transportation options. The subject property features a desirable unit mix of two 2-Bedroom/1-Bathroom units and one single-story 1-Bedroom/1-Bathroom unit. The property encompasses 2,442 rental square feet on a 6,941 square foot lot. Tenants are afforded an array of attractive amenities including garage parking, interior laundry hookups, and a shared picnic area, enhancing the quality of life and rental appeal. Each unit is responsible for their electricity and gas, optimizing cost efficiency for the owner. The property has been updated to copper plumbing as well. With a significant potential for a 20+% increase in rental income, this property stands out as an exceptional investment with promising upside in a dynamic rental market. Perfect for investors seeking a property in a high-demand area with strong growth potential and tenant amenities that drive competitive rental rates.
MLS Listing Information
MLS #
CRCV24158193
MLS Source
California Regional MLS
Interior Features
Appliances
Other
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 3 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 3 | 3 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
640 W Riggin St is a Triplex in Monterey Park, CA 91754. This – square foot property sits on a 6,941 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,135,000 and was built in 1948. This address can also be written as 640 W Riggin St, Monterey Park, CA 91754.
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This listing information is up-to-date as of September 12, 2024. For the most current information, please contact Kristopher German, (626) 427-0786
