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!
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
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#: MB25037199
Originating 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