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717 South Greenwood Avenue Montebello, CA 90640
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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
Square Footage 3,021 sqft
Price per Sqft $556
MLS Listing ID MB-25037199
Sold Date 05/29/25
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 Wall Furnace, Floor Furnace
Cooling None
Fireplaces Type Living Room
Laundry Outside
Exterior
Parking Features Garage, Driveway
Garage Spaces 3.0
Pool None
Community Features Street Lights
View Y/N No
View None
Building
Lot Description Front Yard, Lot 20000-39999 Sqft, Near Public Transit, Back Yard
Sewer Public Sewer
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