124 S 2nd Street, Montebello, California 90640, Montebello, 90640 - 3 bed, 2 bath
ACTIVE$749,000
124 S 2nd Street, Montebello, California 90640
3Beds
2Baths
1,297Sqft
6,250Lot
Price Vs. Estimate
The estimated value ($749,000) is $0 (0%) lower than the list price ($749,000). This property may be overpriced.
Key pros and cons
Top Pros:
Significant ADU Development Potential: The owner has available plans to build two additional dwelling units (1,000 sqft 3B/3B and 482 sqft 2B/1B), offering substantial income generation or multi-generational living opportunities.
Top Cons:
Limited Main House Bathroom Count: The primary residence features only one bathroom for three bedrooms, which may be inconvenient for larger families or modern living standards.
Compared to the nearby listings
Price:$749.0K vs avg $840.0K ($-91,000)23%
Size:1,297 sqft vs avg 1,524 sqft34%
Price/sqft:$577 vs avg $54859%
More Insights
Built in 1928 (97 years old).
Condition: Built in 1928, this Spanish-style home is nearly a century old. While the exterior appears maintained, suggesting regular upkeep, the lack of interior images, especially of the kitchen and bathrooms, makes a definitive assessment challenging. Given its age and without explicit mention of recent extensive renovations, it's highly probable that the interior components, including kitchen appliances, light fixtures, flooring, and bathroom styles, are outdated and would require minor updates or repairs to meet current standards. The dry front lawn also suggests some deferred maintenance on the landscaping. The property is likely functional but shows signs of age and dated features, fitting the 'Fair' category.
Year Built
1928
Close
-
List price
$749K
Original List price
$749K
Price/Sqft
$577
HOA
-
Days on market
-
Sold On
-
MLS number
DW25216322
Home ConditionFair
Features
View-
About this home
This charming, Spanish-style, 1,297-square-foot, single-family home has 3 bedrooms and 1 bathroom, plus a detached garage that was converted into a studio with its own bathroom. The owner has available plans to build a new 1,000-square-foot ADU (#1) with 3 bedrooms and 3 bathrooms, as well as a new 482-square-foot ADU (#2) with 2 bedrooms and 1 bathroom.
Price History
Date
Event
Price
05/05/10
Sold
$250,000
Condition Rating
Fair
Built in 1928, this Spanish-style home is nearly a century old. While the exterior appears maintained, suggesting regular upkeep, the lack of interior images, especially of the kitchen and bathrooms, makes a definitive assessment challenging. Given its age and without explicit mention of recent extensive renovations, it's highly probable that the interior components, including kitchen appliances, light fixtures, flooring, and bathroom styles, are outdated and would require minor updates or repairs to meet current standards. The dry front lawn also suggests some deferred maintenance on the landscaping. The property is likely functional but shows signs of age and dated features, fitting the 'Fair' category.
Pros & Cons
Pros
Significant ADU Development Potential: The owner has available plans to build two additional dwelling units (1,000 sqft 3B/3B and 482 sqft 2B/1B), offering substantial income generation or multi-generational living opportunities.
Existing Converted Studio: A detached garage already converted into a studio with its own bathroom provides immediate flexible living space or potential rental income.
Charming Spanish-Style Architecture: The distinctive Spanish-style design adds curb appeal and character, appealing to buyers seeking unique aesthetics.
Generous Lot Size: The 6,250 sqft lot provides ample space for the existing home and the planned ADU developments, a valuable asset in urban areas.
Attractive Price Point: Listed slightly below the estimated market value ($749,000 vs. $765,502), presenting a potential value-add opportunity for savvy investors or homeowners.
Cons
Limited Main House Bathroom Count: The primary residence features only one bathroom for three bedrooms, which may be inconvenient for larger families or modern living standards.
Age of Property: Built in 1928, the property may require updates to older systems (plumbing, electrical) and could incur higher maintenance costs compared to newer constructions.
No Desirable Views: The property lacks any notable views, which could be a minor detractor for buyers prioritizing scenic surroundings.