3 days on Rocket
#WS25169363, CECILIA WONG, Listing office: High Ten Partners, Inc.
#CV25169203·
Listing office: RE/MAX 2000 REALTY·
Listing agent: Kristopher German·
Listing office phone: 909-645-0443
$1,200,000 List price
498 W Riggin St Monterey Park, CA 91754
0.2 acres
Condo
Property details
About 498 W Riggin St
Just listed 3-Unit Triplex plus approved permits to build 4th Unit ADU! The property presents an exceptional opportunity for investors or owner-users seeking strong existing income and value-add potential. The property features an ideal unit mix of one 1-bedroom/1-bath single-story unit and two 2-bedroom/1-bath units, totaling 2,442 rentable square feet on a 6,823 square foot lot. Each unit is separately metered for electricity and gas, and tenants enjoy garage parking and private interior laundry hookups, adding to long-term tenant appeal. What truly sets this offering apart is the rare opportunity to immediately increase value: approved plans and permits are in place for a 689 sq. ft. 1-bedroom ADU, allowing for a 4th income-generating unit. Major capital improvements have already been completed, including a new electrical panel for all units and a new sewer line, ensuring reduced maintenance costs. Located in a strong rental market with proximity to shops, schools, and transportation, this property is ready for expansion—just bring your shovel and start building. Whether you're looking to grow your portfolio or live onsite while generating income, this Monterey Park property offers rare upside with permits already in hand.
Highlights
Home typeCondominium
StatusActive
Lot size0.1566 Acres
Year built1948
ParkingAssigned, Garage Faces Rear
MLS #CV25169203
Garage3 spaces
Summary
- Fireplace: None
- Garage Space: 3 spaces
- Private Pool: No
- Parking: Assigned, Garage Faces Rear
- List Price: $1,200,000
- HOA Amount: $0
- Annual Tax Amount: $12,024
- Tax Year: 2024
- Directions: East of Atlantic Blvd. North of 60 Freeway
- Year Built: 1948
- Stories: 2
- Lot Size: 0.1566 Acres
- MLS Number: CV25169203
- MLS Name: CRMLS
- Office Name: RE/MAX 2000 REALTY
- Office Phone: (909) 645-0443
- Listing Agent: Kristopher German
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/1/2025, 4:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 30, 2022 | Home Sold | $870,000 |
| Jan 03, 2000 | Home Sold | $110,500 |
| Sep 20, 1989 | Home Sold | $330,000 |
| Sep 20, 1989 | Home Sold | $330,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $887,400 | $12,024 |
| 2023 | $870,000 | $12,055 |
| 2022 | $596,855 | $8,386 |
| 2021 | $585,153 | $8,103 |
| 2020 | $579,154 | $7,796 |
| 2019 | $567,799 | $7,904 |
| 2018 | $556,667 | $7,806 |
| 2017 | $545,753 | $7,806 |
History based on county public records data.
Nearby schools
6
Bella Vista Elementary
Public District KG-5
0.1 mi
•2410 Findlay Ave
6
Robert Hill Lane Elementary School
Public District KG-6
0.8 mi
•1500 Avenida Cesar Chavez
3
Arts in Action Community Charter
Public Charter KG-5
1.0 mi
•5115 Via Corona St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $88,362. The most common annual income of people living in Monterey Park, CA is between $100k-200k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
26%
<35k
29%
35k-100k
40%
100k-200k
5%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
36%
Single, No Kids
18%
Single, with Kids
24%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
9%
12-17 yrs old
23%
18-34 yrs old
39%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Hiking/backpacking
Where do the neighbors shop?
IKEA
Banana Republic
Bloomingdales
Where do the neighbors go to eat?
Quiznos
Jack In The Box
Starbucks
What do the neighbors drive?
Lexus
Toyota
Audi
What do the neighbors listen to?
Soft Adult Contemporary
Jazz- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 498 W Riggin St
The listing price of 498 W Riggin St property is $1,200,000.
The property 498 W Riggin St is a condo located in Monterey Park, California, 91754.
Active Listing: 498 W Riggin St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 498 W Riggin St are: Bella Vista Elementary (GreatSchools Rating 6/10), Robert Hill Lane Elementary School (GreatSchools Rating 6/10), Arts in Action Community Charter (GreatSchools Rating 3/10), Macy Intermediate (GreatSchools Rating 7/10), Eastmont Intermediate (GreatSchools Rating 5/10), Brightwood Elementary School (GreatSchools Rating 9/10), Montebello Community Day (GreatSchools Rating 2/10), Schurr High School (GreatSchools Rating 3/10), Monterey Continuation (GreatSchools Rating 2/10).
According to the records, the last property tax for 2024 is $12,024 (source: MLS/based on county public records data).
The last sale was on December 30, 2022 for $870,000 (source: MLS/tax record).
The property at 498 W Riggin St has 0 bathroom.
The year of construction for 498 W Riggin St is 1948.
This home is located at 498 W Riggin St in Monterey Park, CA and zip code 91754 in the The San Gabriel Valley neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 28, 2025 and is currently priced at $1,200,000.
Over 7 listings were sold over their listed price in June 2025 in Monterey Park, CA. In the same period over 13 listings were sold below the listed price and 3 listings were sold for the listed price. In June 2025 in Monterey Park, CA there were 20% more homes for sale than in May. While the average time on the market in June 2025 was 51 days, the median list price was $910,000.
From Rocket Homes Real Estate and based on county public records data.