301 E Riggin Street
Monterey Park, CA, 91755
$890,000
MLS: CV26011986
Beds
4
Baths
3
Sq Ft
1,296
Lot
0.16 ac
Year Built
1948
MLS #
CV26011986
Days on Market
91
Listed
Jan 16, 2026
Description
Call all Investors! A true cash flow rental investment property! Current rent is $4800 per month. Very good tenants, long term. Start collecting rent right away after close escrow. Beautifully fully renovated 4 bedrooms and 3 bathrooms home located in a highly desirable and convenient area of Monterey Park. New plumbing, piping, new electrical. Permitted conversion to 4 bedrooms and 3 baths, make it more functional for comfortable living. 1 bedroom and 1 bath has separate entrance. Tesla Charger and laundry are in the garage. 14 panel solar, energy efficient. Prime Location – Easy Access to 10, 60, 710 freeways. 6 mins to Costco, 11 mins to 99 ranch and Hawaii supermarkets. Easy and fast commute to downtown LA. Supermarkets, restaurants, shopping centers, banks, parks, and schools are just minutes away, providing true convenience and a vibrant community atmosphere.
Location
Monterey Park, Los Angeles County, CA 91755
Open on Google Maps ↗Listed by: WeiHua Wang · PACIFIC STERLING REALTY
Payment estimate
$6,482
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $89,000 · Loan: $801,000
- Principal & Interest
- $4,921
- Property tax (1.25%)
- $927
- Homeowners insurance
- $300
- Mortgage insurance
- $334
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Monterey Park home with as little as 3.5% down using an FHA loan — roughly $31,150 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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