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$1,680,000

$1,699,000 1.1%

Est. payment - /mo

0.75 Acres Lot

Sold on 05/29/2025

717 S Greenwood AVE Montebello, CA 90640

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Jin Ro

Broker Associate | License ID: 01826936

+1(949) 365-6457

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Key Details

Sold Price $1,680,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID MB25037199

Sold Date 05/29/25

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1931

Lot Size 0.752 Acres

Property Sub-Type Quadruplex

Property Description

One-of-a-Kind Investor-Developer Opportunity in Montebello. Presenting a rare and exceptional investment opportunity in the heart of Montebello! This expansive, multi-use property offers immense potential for development, with a large Spanish-style residence, a vacant portion of the lot, and an income-producing triplex, all on one parcel. The main residence features a charming 3-bedroom, 2-bath layout with classic Spanish architectural details. It boasts a huge backyard with ample space for outdoor living, plus plenty of parking for vehicles or RVs—an ideal space for those seeking a private retreat or looking to expand the property. The property also includes a vast, vacant portion of the lot, offering prime space for future development. Whether you're considering building additional dwellings, adding accessory dwelling units (ADUs), or exploring other development opportunities, the potential here is boundless. On the opposite side of the lot, includes a triplex generating steady rental income, providing immediate returns. Each unit has its own private outdoor patio, with a convenient 3-car garage and additional driveway space for parking. A shared laundry facility adds to the appeal for tenants and ensures low-maintenance operation. With its combination of residential charm, development-ready land, and income-producing units, this property represents a unique opportunity for visionary investors and developers. Whether you're looking to expand the existing structures or embark on a larger-scale development project, the possibilities are endless. Don't miss out on this rare opportunity in a prime Montebello location. Contact us today!

Location

State CA

County Los Angeles

Area 674 - Montebello

Zoning MNR1YY

Interior

Heating Floor Furnace, Wall Furnace

Cooling None

Fireplaces Type Living Room

Fireplace Yes

Laundry Outside

Exterior

Parking Features Driveway, Garage

Garage Spaces 3.0

Garage Description 3.0

Fence Block, Chain Link

Pool None

Community Features Street Lights

View Y/N No

View None

Roof Type Composition

Total Parking Spaces 3

Private Pool No

Building

Lot Description Back Yard, Front Yard, Near Public Transit

Faces East

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 6353008025

Acceptable Financing Cash, Conventional, 1031 Exchange, Owner May Carry

Listing Terms Cash, Conventional, 1031 Exchange, Owner May Carry

Financing Conventional

Special Listing Condition Standard

Lease Land No

Listed by RAY DURAN, JR. • WEDGEWOOD HOMES REALTY • 323-974-5868
Bought with Diana Hernandez • The Oppenheim Group

GET MORE INFORMATION

Jin Ro

Broker Associate | License ID: 01826936

+1(949) 365-6457

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717 S Greenwood AVE Montebello, CA 90640

Key Details

Location

Interior

Exterior

Building

Others

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717 S Greenwood AVE