Prime Investment Opportunity with ADU potential in the City of Montebello! This tenant-occupied duplex in the heart of Montebello is a great opportunity for investors seeking immediate and stable rental income. With a total of 1,556 sq ft, the property features two units: a front unit with 2 bedrooms and 1 bathroom, currently occupied by a reliable Section 8 tenant providing consistent, government-backed payments, and a rear unit with 1 bedroom and 1 bathroom, also tenant-occupied. The property is being sold with tenants in place, offering turnkey cash flow from day one and eliminating the hassle of vacancy or lease-up. Both units are separately metered except for water, and offer solid layouts with potential for value-add improvements. In addition, the detached 2-car garage offers excellent potential for conversion into an ADU (Accessory Dwelling Unit), providing an opportunity to increase rental income and maximize property value. Located near shopping, dining, schools, and major freeways, this Montebello duplex sits in a strong rental market and is a smart addition to any investor’s portfolio.
Property Details
Price:
$950,000
MLS #:
PW25106389
Status:
Active
Baths:
0
Address:
140 N Greenwood Avenue
Type:
Residential Income
Subtype:
Duplex
Neighborhood:
674montebello
City:
Montebello
Listed Date:
May 14, 2025
State:
CA
ZIP:
90640
Lot Size:
6,350 sqft / 0.15 acres (approx)
Year Built:
1939
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Schools
Interior
Cooling
Central Air
Heating
Central, Fireplace(s)
Exterior
Community Features
Suburban
Garage Spaces
2.00
Lot Features
2-5 Units/ Acre
Parking Spots
2.00
Pool Features
None
Roof
Shingle
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address140 N Greenwood Avenue Montebello CA
- Area674 – Montebello
- CityMontebello
- CountyLos Angeles
- Zip Code90640
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140 N Greenwood Avenue
Montebello, CA
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