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413 W Riggin Street

Monterey Park, CA 91754
  • $700,000
  • STATUS: ACTIVE
  • ON SITE: 9 Days
  • ID#: PW24219325
UPDATED: 29 min ago
$700,000
  • 4
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

413 W. Riggin is a fully-occupied duplex with rents averaging approximately $800/month per unit - and will be delivered fully-occupied with the existing tenants. It is a prime Value-Add Duplex Ripe for Repositioning. This property prospective investor an opportunity to implement a value-add strategy in order to significantly reposition the property. The Property has Accessory Dwelling Unit Potential in the rear of the property (Buyer to Verify). Excellent Unit Mix of all 2BR Units: Both units at the property are two-bedroom units averaging almost 900 SF per unit. 413 W. Riggin is a fully-occupied duplex with rents averaging approximately $800/month per unit - and will be delivered fully-occupied with the existing tenants. It is a prime Value-Add Duplex Ripe for Repositioning. This property prospective investor an opportunity to implement a value-add strategy in order to significantly reposition the property. The Property has Accessory Dwelling Unit Potential in the rear of the property (Buyer to Verify). Excellent Unit Mix of all 2BR Units: Both units at the property are two-bedroom units averaging almost 900 SF per unit.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/157058102
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413 W Riggin Street Monterey Park, CA 91754

  • Price: $700,000
  • Status: ACTIVE
  • On Site: 9 Days
  • Updated: 29 min ago
  • ID#: PW24219325
4
Beds
0
Baths
0
½ Baths
0.14
Acres
Neighborhood:
Monterey Park
County:
Los Angeles
Area:
Monterey Park (91754)
Property Description
413 W. Riggin is a fully-occupied duplex with rents averaging approximately $800/month per unit - and will be delivered fully-occupied with the existing tenants. It is a prime Value-Add Duplex Ripe for Repositioning. This property prospective investor an opportunity to implement a value-add strategy in order to significantly reposition the property. The Property has Accessory Dwelling Unit Potential in the rear of the property (Buyer to Verify). Excellent Unit Mix of all 2BR Units: Both units at the property are two-bedroom units averaging almost 900 SF per unit. 413 W. Riggin is a fully-occupied duplex with rents averaging approximately $800/month per unit - and will be delivered fully-occupied with the existing tenants. It is a prime Value-Add Duplex Ripe for Repositioning. This property prospective investor an opportunity to implement a value-add strategy in order to significantly reposition the property. The Property has Accessory Dwelling Unit Potential in the rear of the property (Buyer to Verify). Excellent Unit Mix of all 2BR Units: Both units at the property are two-bedroom units averaging almost 900 SF per unit.
Exterior Features

Pool N/K

Interior Features

Total Baths Unit1 1 Total Baths Unit2 1

Property Features

Annual Expense Actual 14250 Buildings 1 Cfd Mello Roos Fee 600.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 19452 Monthly Total Fees 50 Terms Conventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 740.0 Unit2 Rent Actual 881.0 Zoning Public Rec

San Diego MLS logo Listing provided courtesy of Everett Wong of Greysteel California, Inc.: 310-382-6705. Listing information © 2024 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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