NOT LISTED FOR SALE

500 W Riggin St Monterey Park, CA 91754

Estimated Value: $1,055,000 - $1,330,000

5 Beds
3 Baths
2,548 Sq Ft
$467/Sq Ft Est. Value

Last Sold December 18, 2018

Last sale price $850,000 $334 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $7,533/month

11 Days on Market

About This Home

As of December 2018

The building is located in a peaceful and quiet neighborhood, with fast access to the 5, 10, 60, 710 freeways, convenient access to bus stop and within a walking distance to Atlantic Shopping Square, East Los Angeles College, and local restaurants.
The apartment (Unit C) is located on the ground floor and has 2 private entries. The apartment consists of 1 bedroom, 1 bath, dining area and living room.
The apartment has newly installed vinyl floors throughout. The kitchen is equipped with washer, dryer, stove, hood, and refrigerator. The bedroom and the living room are equipped with newly installed ceiling fan with lights. The Living Room and the Dining room each has newly installed dimmable recessed lights. Blinds throughout the apartment.
The unit has an easy access to the front lawn and the back yard.
1 car garage in the gated property included.

Last Agent to Sell the Property

Eric Dilanian

Remax Commercial and Investment Realty License #01951699 Listed on: 11/14/2018

Remax Commercial and Investment Realty

Last Buyer's Agent

Eric Dilanian

Remax Commercial and Investment Realty License #01951699 Listed on: 11/14/2018

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,565

Year Built

  • Built in 1948

Lot Details

  • 7,904 Sq Ft Lot

Interior Spaces

  • 2,548 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 3 Parking Spaces
  • Attached Carport

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5266-011-019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,565

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2548
  • Stories: 2
  • Year Built: 1948
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 351.26

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Carport Attached, Garage - 3 Car
  • Total Parking: 3

Lot Info

  • Assessed Improvement Value: 48350
  • Assessed Land Value: 46658
  • Assessor Parcel Number: 5266-011-019
  • Geocode Override: No
  • Lot Size Area: 7904

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.54
  • Number Of Units: 3
  • Total Annual Expense: 18744
  • Type Of Units: Investment
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2018
Closed on
Dec 14, 2018
Sold by
Lujan Robert A and Lujan Mary Helen
Bought by
Cornell Deirdre L and Lujan Michelle
Seller's Agent
Eric Dilanian
Remax Commercial and Investment Realty
Buyer's Agent
Eric Dilanian
Remax Commercial and Investment Realty
List Price
$895,000
Sold Price
$850,000
Premium/Discount to List
-$45,000
-5.03%
Current Estimated Value
$1,190,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$340,217
Avg. Annual Appreciation
4.63%

Purchase Details

Listed on
Nov 14, 2018
Closed on
Dec 11, 2018
Sold by
Sanchez Eugene
Bought by
Sanchez Danielle
Seller's Agent
Eric Dilanian
Remax Commercial and Investment Realty
Buyer's Agent
Eric Dilanian
Remax Commercial and Investment Realty
List Price
$895,000
Sold Price
$850,000
Premium/Discount to List
-$45,000
-5.03%

Purchase Details

Listed on
Nov 14, 2018
Closed on
Dec 7, 2018
Sold by
Lujan Michelle and Cornell Deirdre L
Bought by
Nametkov Atanas and Chow Nametkov Brenda
Seller's Agent
Eric Dilanian
Remax Commercial and Investment Realty
Buyer's Agent
Eric Dilanian
Remax Commercial and Investment Realty
List Price
$895,000
Sold Price
$850,000
Premium/Discount to List
-$45,000
-5.03%

Purchase Details

Closed on
Apr 26, 2001
Sold by
Lujan Robert A and Lujan Mary Helen
Bought by
Lujan Robert and Lujan Mary
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
Cornell Deirdre L -- Commonwealth Land Title
Sanchez Danielle -- Commonwealth Land Title
Cornell Deirdre L -- Commonwealth Land Title
-- $850,000 Commonwealth Land Title
Lujan Robert -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2024 09/21/24 For Rent $2,400 0.0% --
12/18/2018 12/18/18 Sold $850,000 -5.0% $334 / Sq Ft
11/25/2018 11/25/18 Pending -- -- --
11/14/2018 11/14/18 For Sale $895,000 -- $351 / Sq Ft
Source: The MLS

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 $12,565 $948,186 $725,085 $223,101
2024 $12,565 $929,595 $710,868 $218,727
2023 $12,598 $911,369 $696,930 $214,439
2022 $12,172 $893,500 $683,265 $210,235
2021 $11,760 $875,981 $669,868 $206,113
2019 $11,306 $850,000 $650,000 $200,000
2018 $1,636 $96,908 $47,591 $49,317
2016 $1,602 $93,146 $45,744 $47,402
2015 $1,529 $91,747 $45,057 $46,690
2014 $1,526 $89,951 $44,175 $45,776
Source: Public Records

Agents Affiliated with this Home

  • Eric Dilanian

    Seller's Agent in 2018

    Eric Dilanian

    RE/MAX

    (213) 233-4379

    1 in this area

    41 Total Sales

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Map

Source: The MLS

MLS Number: 18-407812

The MLS

APN: 5266-011-019

California Los Angeles County Monterey Park 91754

500 W Riggin St, Monterey Park, CA

This home is located at 500 W Riggin St, Monterey Park, CA 91754 since 14 November 2018 and is currently estimated at $1,190,217, approximately $467 per square foot. This property was built in 1948. 500 W Riggin St is a home located in Los Angeles County with nearby schools including Bella Vista Elementary School, Macy Intermediate School, and Schurr High School.

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