717 S Greenwood Avenue

Montebello, CA 90640

$1,699,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1931

calendar_month Built

Property Description

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!

Listing Information

List Price $1,699,000
Status Active
MLS MB25037199
Type Residential Income
Subtype Quadruplex
Year Built 1931
Lot Size 32,775
Structure Size N/A
Courtesy Of WEDGEWOOD HOMES REALTY
Listing Agent RAY DURAN, JR. DRE#00997237

Interior Features

Laundry Information
Location(s) Outside
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Fireplace Information
Features Living Room
Cooling Type
Cooling Type None
Heating Type
Heating Type Floor Furnace, Wall Furnace

Exterior Information

Other Structures
Views None

Maps

home_work Nearby Properties

Listing information courtesy of: RAY DURAN, JR., WEDGEWOOD HOMES REALTY 323-974-5868. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 22nd, 2025 at 3:32 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.