717 S Greenwood Avenue, Montebello, CA

$1,699,000

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7

Beds

5

Baths

0.75

Acres

About 717 S Greenwood Avenue

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 RVsan 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 youre 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 youre looking to expand the existing structures or embark on a larger-scale development project, the possibilities are endless. Dont miss out on this rare oppo

Features of 717 S Greenwood Avenue

MLS® # MB25037199
Price $1,699,000
Bedrooms 7
Bathrooms 5.00
Acres 0.75
Type Residential Income
Sub-Type Res Income 2-4 Units
Status Closed

Community Information

Address 717 S Greenwood Avenue
City Montebello
County Los Angeles
State CA
Zip Code 90640

Amenities

Is Waterfront No
Has Pool No
Pool N/K

Interior

Heating Floor Furnace
Cooling N/K
Fireplace Yes
Stories 1 Story

Exterior

Roof Composition

Additional Information

Date Listed February 19th, 2025
Days on Market 99
Zoning Assessor
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeWEDGEWOOD HOMES REALTY

Listing Map

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