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Sold for $1,680,000 on 05/29/25
  • Listing Provided by: 

    RAY DURAN, JR. DRE #00997237 323-974-5868,

    WEDGEWOOD HOMES REALTY

    $1,680,000

    717 S Greenwood Ave, Montebello, CA 90640

    7beds
    5baths
    3,021sqft
    Quadruplex
    Built in 1931
    -- sqft lot
    $1,667,500 Zestimate®
    $556/sqft
    $3,661 Estimated rent

    What's special

    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!

    Zillow last checked: 7 hours ago

    Listing updated: May 29, 2025 at 01:27pm

    Listing Provided by:

    RAY DURAN, JR. DRE #00997237 323-974-5868,

    WEDGEWOOD HOMES REALTY

    Bought with:

    Diana Hernandez, DRE #01814655

    The Oppenheim Group

    Source: CRMLS,MLS#: MB25037199MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 5
    Heating
    • Floor Furnace, Wall Furnace
    Cooling
    • None
    Appliances
    • Laundry: Outside
    Features
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 3,021
    • Total interior livable area: 3,021 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Driveway, Garage
    • Garage spaces: 3
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Front
    • Pool features: None
    • Spa features: None
    • Fencing: Block,Chain Link
    • Has view: Yes
    • View description: None
    Lot
    • Size: 0.75 Acres
    • Features: Back Yard, Front Yard, Near Public Transit
    Details
    • Parcel number: 6353008025
    • Zoning: MNR1YY
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Materials
    • Roof: Composition
    Condition
    • Repairs Cosmetic
    • New construction: No
    • Year built: 1931

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Street Lights
    Location
    • Region: Montebello

    Other

    Other facts
    • Listing terms: Cash,Conventional,1031 Exchange,Owner May Carry
    • Road surface type: Paved
    Services availability
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    Estimated market value

    $1,667,500