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Listed by Robert Zuniga • Re/Max Top Producers
$975,000
Est. payment /mo
1,556 SqFt
Active
140 North Greenwood Avenue Montebello, CA 90640
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,556 sqft
Price per Sqft $626
MLS Listing ID PW-25106389
Year Built 1939
Lot Size 6,350 Sqft
Property Sub-Type Duplex
Property Description
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.
Location
State CA
County Los Angeles
Area 674 - Montebello
Zoning MNR3YY
Interior
Heating Central, Fireplace(s)
Cooling Central Air
Laundry Gas Dryer Hookup, Washer Hookup
Exterior
Parking Features Gated
Garage Spaces 2.0
Pool None
Community Features Suburban
View Y/N No
View None
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer