NOT LISTED FOR SALE

324 W Riggin St Monterey Park, CA 91754

Estimated Value: $930,000 - $1,100,000

4 Beds
2 Baths
1,794 Sq Ft
$566/Sq Ft Est. Value

Last Sold March 16, 2020

Last sale price $765,000 $426 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $6,226/month

74 Days on Market

Highlights

  • Private Yard
  • Landscaped
  • Level Lot
  • Laundry Room

About This Home

As of March 2020

Excellent location of Monterey Park!! Upside Rent Potential! Nice DUPLEX with each unit consisting of 2 bed and 1 bath. Detached 2-car garage with plenty of parking in back. Great investment property or Live in one and rent out the other unit for additional income! Each unit has its own yard. Separate meters for Electric and Gas. Walking distance to Atlantic shopping center. Convenient location to post office, shopping center, East LA College, Downtown LA, schools, bus stops, restaurants, and parks. Easy access to Pomona Freeway 60, Freeway 10 and the 710 Long Beach Freeway. Come check out this gem!

Last Agent to Sell the Property

David Dong

eXp Realty of California Inc License #01320484 Listed on: 11/15/2019

eXp Realty of California Inc

Last Buyer's Agent

Vincent Munoz

Coldwell Banker Top Team License #01808650

Coldwell Banker Top Team

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,941

Year Built

  • Built in 1949

Lot Details

  • 6,033 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Level Lot
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • 2 Car Garage

Home Design

  • 1,794 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry in Kitchen

Listing and Financial Details

  • Tax Lot 277
  • Tax Tract Number 15673
  • Assessor Parcel Number 5273015007

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,941

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: MPR2*
  • Property Type: Residential Income
  • Parcel Number: 5273015007
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 426.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage, In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Level with Street, Yard
  • Lot Size Sq Ft: 6033.00
  • Lot Size Acres: 0.1385

Multi Family

  • Lot Size Area: 6033.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 4827.01
  • Tax Lot: 277
  • Tax Tract Number: 15673

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2019
Closed on
Feb 24, 2020
Sold by
Rodriguez Loriann C
Bought by
Rodriguez Steven
Seller's Agent
David Dong
eXp Realty of California Inc
Buyer's Agent
Vincent Munoz
Coldwell Banker Top Team
List Price
$775,000
Sold Price
$765,000
Premium/Discount to List
-$10,000
-1.29%
Current Estimated Value
$1,015,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,361
Avg. Annual Appreciation
5.17%
Original Mortgage
$650,250
Outstanding Balance
$574,649
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$440,712

Purchase Details

Listed on
Nov 15, 2019
Closed on
Feb 5, 2020
Sold by
Nguyen Nga Tan and Tran Nguyen Lien
Bought by
Rodriguez Steven
Seller's Agent
David Dong
eXp Realty of California Inc
Buyer's Agent
Vincent Munoz
Coldwell Banker Top Team
List Price
$775,000
Sold Price
$765,000
Premium/Discount to List
-$10,000
-1.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,250
Outstanding Balance
$574,649
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$440,712

Purchase Details

Closed on
Sep 25, 2018
Sold by
Nguyen Nga T and Tran Nguyen Lien
Bought by
Nguyen Nga T and Tran Nguyen Lien Thi

Purchase Details

Closed on
Aug 1, 2011
Sold by
Salas Bertha and Salas Berta
Bought by
Nguyen Nga T and Tran Nguyen Lien

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
4.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2011
Sold by
Salas Berta and Salas Ercarnacion R
Bought by
Salas Berta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
4.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2007
Sold by
Salas Berta and Salas Encarnacion R
Bought by
Salas Encarnacion R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2005
Sold by
Li Hanhsing and Chiou Sonia Ming Jiu
Bought by
Salas Encarnacion R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 18, 2005
Sold by
Chiou Sonia Ming Jiu
Bought by
Li Hanhsing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 11, 2005
Sold by
Li Hanhsing
Bought by
Chiou Sonia Ming Jiu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 2005
Sold by
Mondaca Edna C and The Mondaca Trust
Bought by
Chiou Sonia Ming Jiu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rodriguez Steven -- Fidelity National Title
Rodriguez Steven $765,000 Fidelity National Title
Nguyen Nga T -- None Available
Nguyen Nga T $340,000 Pacific Coast Title
Salas Berta -- None Available
Salas Encarnacion R -- First American Title Co
Salas Encarnacion R $625,000 Equity Title Company
Li Hanhsing -- --
Chiou Sonia Ming Jiu -- Equity Title Company
Chiou Sonia Ming Jiu $485,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Steven $650,250
Previous Owner Nguyen Nga T $255,000
Previous Owner Salas Encarnacion R $480,000
Previous Owner Salas Encarnacion R $425,000
Previous Owner Chiou Sonia Ming Jiu $388,000
Closed Chiou Sonia Ming Jiu $48,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2020 03/16/20 Sold $765,000 0.0% $426 / Sq Ft
03/14/2020 03/14/20 Off Market $765,000 -- --
03/14/2020 03/14/20 For Sale $775,000 +1.3% $432 / Sq Ft
03/10/2020 03/10/20 Off Market $765,000 -- --
11/15/2019 11/15/19 For Sale $775,000 -- $432 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,941 $836,635 $601,503 $235,132
2024 $10,941 $820,231 $589,709 $230,522
2023 $10,971 $804,149 $578,147 $226,002
2022 $10,597 $788,382 $566,811 $221,571
2021 $10,238 $772,925 $555,698 $217,227
2020 $7,023 $515,671 $344,548 $171,123
2019 $6,805 $505,561 $337,793 $167,768
2018 $6,904 $495,649 $331,170 $164,479
2016 $6,621 $476,404 $318,311 $158,093
2015 $6,217 $469,249 $313,530 $155,719
2014 $6,136 $460,058 $307,389 $152,669
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS19263135

California Regional Multiple Listing Service (CRMLS)

APN: 5273-015-007