CA > Montebello
Montebello, CA 90640,717 South Greenwood Avenue
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Montebello, CA 90640,717 South Greenwood Avenue
Montebello, CA 90640,717 South Greenwood Avenue
Montebello, CA 90640,717 South Greenwood Avenue
Montebello, CA 90640,717 South Greenwood Avenue
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Nicole Van Parys & Gary Nesen

Nicole Van Parys & Gary Nesen

Engel & Völkers Americas

+1(805) 795-1880
Listed by RAY DURAN, JR. • WEDGEWOOD HOMES REALTY
$ 1,699,000
Est. payment /mo
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Active Under Contract

717 South Greenwood Avenue Montebello, CA 90640

3,021 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,021 sqft

Price per Sqft $562

MLS Listing ID MB-25037199

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

agent

Nicole Van Parys & Gary Nesen

License Partners, Private Office Advisors | License ID: 01108944

+1(805) 795-1880

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717 South Greenwood Avenue