132 N 2nd Street, Montebello, California 90640, Montebello, 90640 - 4 bed, 2 bath
132 N 2nd Street
Montebello, California 90640
Property Price
SUMMARY
Analysis of 132 N 2nd Street, Montebello, California 90640 reveals a Fairly Priced Property with a current list price of $850,000 aligned with the estimated $852,169 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Montebello Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 132 N 2nd Street Subject | $850,000* List Price | 4 | 2 | 1,816 | $469 | - |
A 522 S 5th St Sold | $800,000 | 5 | 2 | 1,662 | $481 | 0.7 mi |
B 844 W Carmelita Avenue Sold | $760,000 | 2 | 3 | 1,486 | $511 | 0.9 mi |
C 217 Dochan Circle Pending | $780,000 List Price | 3 | 2 | 1,852 | $421 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1938, this property shows its age with significantly outdated kitchen and bathroom features.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the overall aesthetic and core systems (like wall heaters and window AC units visible) are functional but clearly outdated, requiring substantial cosmetic and system updates to meet current standards.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.
PROSSTRENGTHS & OPPORTUNITIES
- 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.
CONSRISKS & DEFICIENCIES
- 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.
About 132 N 2nd Street
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1938
- Lot Size
- 6,211 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 67% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,816 | 1,489.5 | 72% |
| Lot Size | 6,211 | 6,196 | 50% |
| Price | $850.0K | $844.9K | 50% |
| Price per sq ft | $468 | $579 | 19% |
| Built year | 1938 | 1952 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 63 | 160 | 5% |
Pricing History
Listed for Sale
Jan 2, 2026
$850,000
Initial Listing