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!
Property Details
Price:
$1,699,000
MLS #:
MB25037199
Status:
Active Under Contract
Baths:
0
Address:
717 S Greenwood Avenue
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
674montebello
City:
Montebello
Listed Date:
Feb 19, 2025
State:
CA
ZIP:
90640
Lot Size:
32,775 sqft / 0.75 acres (approx)
Year Built:
1931
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
None
Fireplace Features
Living Room
Heating
Floor Furnace, Wall Furnace
Exterior
Community Features
Street Lights
Fencing
Block, Chain Link
Garage Spaces
3.00
Lot Features
Back Yard, Front Yard, Lot 20000-39999 Sqft, Near Public Transit
Parking Features
Driveway, Garage
Parking Spots
3.00
Pool Features
None
Roof
Composition
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address717 S Greenwood Avenue Montebello CA
- Area674 – Montebello
- CityMontebello
- CountyLos Angeles
- Zip Code90640
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717 S Greenwood Avenue
Montebello, CA
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