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661 West Riggin Street

Laura Guerrero Purchases Multifamily Property In Monterey Park From Dave Lapier For $1,267,000
SOLDMultiFamily

Laura Guerrero Purchases Multifamily Property In Monterey Park From Dave Lapier For $1,267,000

661 West Riggin Street

$1,267,000

$478/SF

Building Size

2,650 SF

Asset Type

MultiFamily

Closing

Apr 28, 2026

AI

The property asset involved in the transaction is a multifamily unit located at 661 West Riggin Street in the Monterey Park market. The sale price for this asset was $1,267,000, which encompasses a total of 2,650 square feet. The property consists of 3 units, resulting in a price per unit of $422,333 and a price per square foot of $478.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,267,000
  • Units: 3
  • Square Footage: 2,650
  • Price Per Unit: $422,333
  • Price Per Square Foot: $478
  • Buyer: Laura Guerrero
  • Seller: Dave Lapier
  • Seller's Representative: Jake Glaser - Lyon Stahl Investment Real Estate

In this transaction, Laura Guerrero acted as the buyer while Dave Lapier was the seller. The seller's representative for the deal was Jake Glaser from Lyon Stahl Investment Real Estate, who facilitated the transaction process. NOTE FROM SELLER'S REP: Head to @theglasergroup for the full deal story.

Players

Jake Glaser

Lyon Stahl Investment Real Estate

Broker

$158.2M

vol

68 deals

Broker

Monterey Park MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.52%

Cash-on-Cash

-3.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93