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661 W Riggin St
Monterey Park, CA 91754 East Los Angeles

$1,250,000 USD

Apartments For Sale  •  2,650 SF

Property Details

  • Property Type Apartments
  • Total Building Size 2,650 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1948
  • Cap Rate 3.62 %
  • Zoning MPR2
60 Transit Score
60 Walk Score

Highlights

Beautiful Monterey Park Triplex originally built in 1948. Unit mix comprised of (3) 2-bedroom / 1 bathroom units.
Property has 1 vacancy, ideal for an owner-user buyer. (3) garage spaces with alley access. Separately metered for gas and electricity.
Tent fumigation & subterranean termite remediation completed in January 2026. No local rent control. Rent can be increased 5% + CPI.
Vacant garage spot and 3 empty storage sheds provide ideal opportunity to build ADUs. Each unit has an in-unit washer and dryer.
Copper repipe for all 3 units and main water line replacement in October 2009 (per city permit records).
Both tenant occupied units (units 663 & 663 ½) got new water heaters installed (2025). New exterior paint within past few years.
Cap Rate: 3.62 %

Public Transportation

Commuter RailDriveWalkDistance
Montebello/Commerce (Riverside Line - Southern California Regional Rail Authority (Metrolink)) 6 min - 2.9 mi
Transit/SubwayDriveWalkDistance
Atlantic (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 14 min 0.7 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 29 min - 19.1 mi
Los Angeles International 32 min - 21.2 mi
Bob Hope 30 min - 22.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 3
Type: OneCarGarage
Included in Rent: Yes
Jake Glaser 310-494-6368 Lyon Stahl Investment Real Estate
Jake Glaser 310-494-6368 Lyon Stahl Investment Real Estate