2120 W Victoria Avenue, Montebello, California 90640, Montebello, 90640 - 0 bed, 0 bath
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Montebello, California 90640
This 4-unit High-Potential Investment Opportunity is listed at a List Price of $1,598,000, positioned slightly above the $1,506,343 Fair Market Value. While the property carries a Poor Condition Rating due to its 1961 vintage and deferred maintenance, it offers significant Value-Add Potential through unit modernization and the possible addition of two ADUs. The 3-bedroom, 2-bathroom front house provides a rare chance for an owner-occupant to offset costs. This asset is best suited for Buy-and-Hold Investors or Owner-Occupants capable of executing a comprehensive renovation strategy.
Property is extensive renovation needed.
Built in 1961 (63 years old) with no evidence of recent renovations, this property falls into the 'poor' category. Exterior images show significant deferred maintenance, including peeling paint on siding, rusted wrought iron railings, and cracked concrete with weed growth. The presence of window AC units indicates a lack of modern central HVAC systems, and the 'value-add' marketing suggests that kitchens and bathrooms are likely original or severely dated, requiring a full rehab to reach modern standards.
The 3-bedroom, 2-bathroom front house provides a rare chance for an owner-occupant to live on-site while generating significant rental income from the three rear units.
The property offers substantial upside through the potential addition of up to two ADUs and the ability to adjust rents to market rates due to current month-to-month lease agreements.
With two garages and three covered carports, the property provides five dedicated parking spaces, a highly desirable feature that enhances tenant retention and rental value.
Originally built in 1961, the property may require significant capital expenditures for system upgrades or modernization to maintain its competitive edge in the rental market.
At a list price of $1.598M, the initial capitalization rate may be compressed, requiring the new owner to execute value-add strategies to achieve optimal financial performance.
Rare 4-unit opportunity in Montebello with an ideal setup for both owner-users and investors. The property consists of a front house featuring 3 bedrooms and 2 bathrooms, offering privacy and comfort for an owner-user who wants to live on-site while generating rental income from the rear units. Behind the front house are three additional units, including two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, for a total of approximately 3,913 square feet of living space.This property offers a strong unit mix, functional layout, and excellent parking with two one-car garages plus three covered carport spaces, providing five total parking spaces. Current tenants are in place, paying, and on month-to-month agreements, giving the next owner flexibility with future plans. The property may also provide the opportunity to add up to two ADUs, creating additional long-term upside and value-add potential. Conveniently located in Montebello with access to local shopping, dining, schools, public transportation, and nearby freeways, this is a great chance to own a well-positioned income property with multiple paths for growth.This property offers a strong unit mix, functional layout, and excellent parking with two one-car garages plus three covered carport spaces, providing five total parking spaces. Current tenants are in place, paying, and on month-to-month agreements, giving the next owner flexibility with future plans. The property may also provide the opportunity to add up to two ADUs, creating additional long-term upside and value-add potential. Conveniently located in Montebello with access to local shopping, dining, schools, public transportation, and nearby freeways, this is a great chance to own a well-positioned income property with multiple paths for growth.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,913 | 2,312 | 88% |
| Lot Size | 6,762 | 6,751.5 | 50% |
| Price | $1.60M | $1.10M | 75% |
| Price per sq ft | $408 | $457 | 25% |
| Built year | 1961 | 1943 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 204 | 13% |
May 22, 2026
$1,598,000
Initial Listing
Dec 19, 2019
$1,200,000
Public Record
Apr 27, 1999
$359,000
Public Record