Montebello, CA 90640,717 S Greenwood Avenue
Montebello, CA 90640,717 S Greenwood Avenue
Montebello, CA 90640,717 S Greenwood Avenue
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$1,699,000
Est. payment /mo
7 Beds
5 Baths
0.75 Acres Lot
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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Contingent

Purchase Type For Sale

MLS Listing ID MB25037199

Bedrooms 7

HOA Y/N No

Lot Size 0.752 Acres

Property Sub-Type Res Income 2-4 Units

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 RVsan 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 youre 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 youre looking to expand the existing structures or embark on a larger-scale development project, the possibilities are endless. Dont miss out on this rare oppo
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 RVsan 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 youre 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 youre looking to expand the existing structures or embark on a larger-scale development project, the possibilities are endless. Dont miss out on this rare opportunity in a prime Montebello location. Contact us today!

Location

State CA

County Los Angeles

Area Montebello (90640)

Zoning Assessor

Interior

Appliance Floor Furnace

Exterior

Roof Type Composition

Building

Story 1

Level or Stories 1 Story

Others

Acceptable Financing Cash, Conventional, Exchange, Seller May Carry

Space Rent $2,550

Listing Terms Cash, Conventional, Exchange, Seller May Carry


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San Diego Regional MLS (SDMLS)
Listed by RAY DURAN, JR. • WEDGEWOOD HOMES REALTY
agent

Jason Cassity

Agent | License ID: 01928236

+1(619) 800-6178

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717 S Greenwood Avenue