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132 N 2nd Street, Montebello, California 90640, Montebello, 90640 - 4 bed, 2 bath

132 N 2nd Street, Montebello, California 90640 home-pic-0
ACTIVE UNDER CONTRACT$850,000$1,816/sqft
Est. Value: $865,378
1%
FairlyEstimate
132 N 2nd Street, Montebello, California 90640
4Beds
2Baths
1,816Sqft
6,211Lot

Price Vs. Estimate

The estimated value ($865,377.625) is $15,377.625 (1%) lower than the list price ($850,000). This property may be overpriced.

Key pros and cons

Top Pros:
Immediate Income & Dual Residences: The property features two separate, tenant-occupied residences (2 beds/1 bath each), providing immediate cash flow and strong long-term income potential for investors.
Top Cons:
Advanced Age of Property: Built in 1938, the property is significantly older, which may imply potential for deferred maintenance, outdated systems (e.g., plumbing, electrical), and lower energy efficiency.

Compared to the nearby listings

Price:$850.0K vs avg $850.0K (+$0)50%
Size:1,816 sqft vs avg 1,510 sqft73%
Price/sqft:$468 vs avg $56615%

More Insights

Built in 1938 (88 years old).
Condition: Built in 1938, this property shows its age with significantly outdated kitchen and bathroom features. The kitchen has very dated yellow tiled countertops with blue trim, older white cabinets, and no visible modern appliances, with a washer/dryer in the kitchen itself. The bathroom features an older vanity, basic fixtures, and dated tile. While the living areas have laminate flooring and appear maintained, the overall aesthetic and core systems (like wall heaters and window AC units visible) are functional but clearly outdated, requiring substantial cosmetic and system updates to meet current standards. It is livable but not modern.
Year Built
1938
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$468
HOA
-
Days on market
-
Sold On
-
MLS number
26632465
Home ConditionFair
Features
Patio
View-

About this home

Investor alert! Welcome to 133 N 2nd St a unique multi-unit property featuring two separate residences on one lot. Both the front house and back house offer 2 bedrooms and 1 bathroom each, and are currently tenant-occupied, delivering immediate income with strong long-term potential. Situated in the heart of Montebello, this property benefits from excellent connectivity to major freeways including the I-5, I-605 and SR-60 for easy access throughout the Southland. Enjoy proximity to vibrant neighborhood amenities such as The Shops at Montebello retail center with over 120 stores and dining options, local parks and recreation facilities spanning 80+ acres with courts, fields, pools and family-friendly spaces, plus cultural attractions like the Armenian Genocide Martyrs Monument and community events celebrating the city's rich heritage. Residents and renters alike appreciate Montebello's walkable streets, strong transit options including Montebello Bus Lines and nearby Metrolink service, plus access to quality local schools and everyday conveniences. Whether you're expanding your portfolio or stepping into your first income property, this offering delivers dual residences, location strength, and immediate cash flow. Buyer to verify all information including square footage, lot size, room counts, zoning and any other material facts.

L
Louis Chavez
Listing Agent
Condition Rating
Fair
Built in 1938, this property shows its age with significantly outdated kitchen and bathroom features. The kitchen has very dated yellow tiled countertops with blue trim, older white cabinets, and no visible modern appliances, with a washer/dryer in the kitchen itself. The bathroom features an older vanity, basic fixtures, and dated tile. While the living areas have laminate flooring and appear maintained, the overall aesthetic and core systems (like wall heaters and window AC units visible) are functional but clearly outdated, requiring substantial cosmetic and system updates to meet current standards. It is livable but not modern.
Pros & Cons

Pros

Immediate Income & Dual Residences: The property features two separate, tenant-occupied residences (2 beds/1 bath each), providing immediate cash flow and strong long-term income potential for investors.
Strategic Location & Freeway Access: Situated in the heart of Montebello, offering excellent connectivity to major freeways (I-5, I-605, SR-60) for easy access throughout the Southland.
Abundant Local Amenities: Proximity to vibrant neighborhood amenities including The Shops at Montebello, extensive parks (80+ acres), diverse dining, and cultural attractions, enhancing renter appeal.
Strong Transit & Walkability: Benefits from walkable streets, Montebello Bus Lines, and nearby Metrolink service, providing convenient transportation options for residents.
Ideal for Investors: Explicitly marketed as an 'Investor alert' property, suitable for portfolio expansion or first-time income property buyers due to its dual units and immediate cash flow.

Cons

Advanced Age of Property: Built in 1938, the property is significantly older, which may imply potential for deferred maintenance, outdated systems (e.g., plumbing, electrical), and lower energy efficiency.
Zoning Discrepancy/Verification Required: Listed as a 'Single Family Residence' sub-type but described as a 'multi-unit property,' necessitating thorough buyer verification of zoning and the legality of the second unit.
No Specific View: The property description explicitly states 'view: None,' which might be a minor detractor for some potential buyers seeking scenic surroundings.
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