123 S 5th, Montebello, California 90640, Montebello, 90640 - 0 bed, 0 bath
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123 S 5th
Montebello, California 90640
ACTIVE
CONDITION: TEAR DOWN
0Beds
0Baths
1,784Sq Ft
5,939Lot Size
Property Price
LIST PRICE$699,999
EST. MARKET VALUE
$661,169
5% AboveMARKET VALUE
SUMMARY
This triplex presents a High-Potential Investment Opportunity with a List Price of $850,000—positioned well above the $694,050 Fair Market Value. While the property requires significant capital expenditure due to a Condition Rating of 6 and fire-damaged, uninhabitable units, the 5,939 sq. ft. lot and Triplex Zoning offer substantial long-term value-add potential. Investors must account for rent control regulations and extensive structural repairs. This asset is best suited for Buy-and-Hold Investors or Experienced Developers capable of navigating complex renovation projects.
Estimated Market Value
$661,169
Based on Realkey algorithm analyzing recent comparable sales in Montebello.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 123 S 5th Subject | $699,999* List Price | 0 | 0 | 1,784 | $371 | - |
A 201 S Bluff Sold | $531,000 | 0 | 0 | 1,310 | $405 | 0.3 mi |
B 416 W Cleveland Avenue Sold | $840,000 | 3 | 3 | 2,263 | $371 | 0.2 mi |
C 416 W Cleveland Avenue Sold | $840,000 | 0 | 0 | 2,263 | $371 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
The property is 78 years old (built 1946) with no evidence of recent renovations. It has significant structural and safety issues due to a prior fire, with the rear unit officially deemed uninhabitable by city authorities, making it a project primarily for land value.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Family Investment Potential
As a triplex featuring three units across two separate buildings, this property offers a significant value-add opportunity for investors to renovate and capitalize on the high demand for rental housing in Montebello.
- Prime Location
The property is ideally situated near essential amenities including shopping, dining, schools, and major transportation routes, ensuring long-term desirability and ease of commuting for future tenants.
- Spacious Lot with Parking
The 5,939 sq. ft. lot provides ample space and includes driveway parking, a highly sought-after feature in high-density residential areas that enhances the property's functionality.
CONSRISKS & DEFICIENCIES
- Severe Structural Damage
A prior fire has left the rear unit uninhabitable, necessitating substantial capital expenditure and extensive repairs to satisfy city and county safety requirements.
- Regulatory and Condition Constraints
The property is subject to local rent control and is being sold in 'As-Is' condition, which may complicate traditional financing and limit immediate rental income growth.
About 123 S 5th
Investor opportunity in the City of Montebello! The property was involved in a prior fire, and the rear unit has been deemed uninhabitable by the applicable city/county authorities. The property is zoned R3. The property is being sold AS-IS, and buyers are encouraged to conduct their own inspections and due diligence regarding the property's condition, occupancy status, permits, zoning, repairs, and any governmental requirements. Conveniently located near shopping, dining, schools, and major transportation routes, this property presents an opportunity for investors or buyers seeking a project with future potential.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1946
- Lot Size
- 5,939 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.5 |
| Square foot | 1,784 | 2,059.6 |
| Lot Size | 5,939 | 6,708.2 |
| Price | $700.0K | $982.9K |
| Price per sq ft | $392 | $416 |
| Built year | 1946 | 1941 |
| HOA | $0 | $0 |
| Days on market | 42 | 207 |
Pricing History
Listed for Sale
Sep 2, 2026
$699,999
$775,000
-10% Price Drop
Initial Listing
Price Change
Aug 11, 2026
$775,000
$850,000
-9% Price Drop
Initial Listing
Price Change
Jul 29, 2026
$850,000
Initial Listing