
Montebello, California 90640
This Duplex Residential Income Asset represents a Strong Value Opportunity, listed at $929,500—positioned above the $890,351 Fair Market Value. While the property requires capital for modernization due to its Fair Condition Rating, the Detached Dual Units and Separate Utility Metering provide significant operational efficiency. The Old Town Montebello location ensures strong rental demand, while the Patio and flexible layout offer long-term versatility. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy in a high-convenience corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 112 S 2nd Subject | $929,500* List Price | 0 | 0 | 2,157 | $413 | - |
A 416 W Cleveland Avenue Sold | $840,000 | 3 | 3 | 2,263 | $371 | 0.3 mi |
B 416 W Cleveland Avenue Sold | $840,000 | 0 | 0 | 2,263 | $371 | 0.3 mi |
C 312 N Poplar Sold | $910,000 | 0 | 0 | 2,278 | $399 | 0.4 mi |
D 137 N 2nd Active | $789,000 List Price | 0 | 0 | 1,606 | $491 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, this 74-year-old duplex appears well-maintained but dated. While the exterior shows curb appeal and a modern front door, the interior photos and description lack evidence of a full renovation within the last 15 years. The presence of portable fans suggests a lack of modern central HVAC, and the age of the structure indicates that kitchen and bath systems likely require updates to meet modern standards.
The property features two completely detached units on a single lot, providing superior privacy and flexibility for owner-occupants or investors seeking multi-generational living or rental income.
Both units are equipped with individual gas and electric meters, which simplifies property management and reduces utility overhead for the owner.
Situated in the desirable Old Town Montebello area, the property offers high walkability and convenient access to Beverly Boulevard, local dining, shopping, and major freeways.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2157, other record living area = 1581.
Built in 1950, the property may require significant capital expenditure for updates to aging systems, such as plumbing or electrical, to meet modern standards.
With only a one-car garage for the three-bedroom front unit, parking may be insufficient for modern multi-car households, potentially impacting tenant appeal.
This charming duplex in desirable Old Town Montebello offers an excellent opportunity for both homeowners and investors. Two detached units on one lot provide privacy and flexibility. 1581 sf. ft. front unit includes 3 bedrooms, 1.5 baths, and an attached 1 car garage. The rear unit offers 576 sf. ft. 1 bedroom, 1 bath, and dedicated parking. Both units have their own laundry and dryer hookups. Separate gas, electric meters for each unit ideal for owner occupancy, multigenerational living, or rental income. Convenient access to Beverly Boulevard, shopping, dining, schools, parks, and major freeways. Great location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.5 |
| Square foot | 2,157 | 2,059.6 |
| Lot Size | 6,158 | 6,708.2 |
| Price | $929.5K | $982.9K |
| Price per sq ft | $431 | $416 |
| Built year | 1950 | 1941 |
| HOA | $0 | $0 |
| Days on market | 33 | 207 |
Aug 7, 2026
$929,500
Initial Listing
Jan 2, 2025
$875,000
Public Record
Oct 29, 2003
$315,000
Public Record