717 S Greenwood AVE new Save Request In-Person Tour Request Virtual Tour
Montebello,CA 90640
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID MB25037199
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
Listing Terms Cash,Conventional,1031 Exchange
Special Listing Condition Standard