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2223 W Olympic Boulevard, Montebello, California 90640, Montebello, 90640 - 3 bed, 1 bath

2223 W Olympic Boulevard, Montebello, California 90640 home-pic-0
ACTIVE$599,000
2223 W Olympic Boulevard, Montebello, California 90640
3Beds
1Bath
1,102Sqft
2,500Lot

Price Vs. Estimate

The estimated value ($533,287.98) is $65,712.02 (10%) lower than the list price ($599,000). This property may be overpriced.

Key pros and cons

Top Pros:
ADU Potential: The property offers significant potential to build an Accessory Dwelling Unit (ADU), providing opportunities for rental income or multi-generational living.
Top Cons:
Limited Bathroom Count: The property has only one bathroom for three bedrooms, which may be a significant drawback for families or multiple occupants.

Compared to the nearby listings

Price:$599.0K vs avg $840.0K ($-241,000)7%
Size:1,102 sqft vs avg 1,524 sqft17%
Price/sqft:$544 vs avg $54450%

More Insights

Built in 1949 (76 years old).
Condition: The property, built in 1949, is in 'Poor' condition. While it benefits from recent cosmetic updates like new interior paint and sleek vinyl flooring, the kitchen features very dated tiled countertops and older cabinets, requiring substantial rehabilitation. The bathroom also appears significantly outdated, and the presence of a window AC unit indicates a lack of modern central cooling. These major components require significant investment to meet current quality standards.
Year Built
1949
Close
-
List price
$599K
Original List price
$619K
Price/Sqft
$544
HOA
-
Days on market
-
Sold On
-
MLS number
DW25068241
Home ConditionPoor
Features
Patio
View-

About this home

Charming Starter Home in Montebello – Great Potential! This centrally located 3-bedroom, 1-bath home offers a comfortable 1,102 sq ft of living space, perfect for those looking for a cozy and convenient place to call home. Situated in the highly desirable Montebello School District, this property features new interior paint, sleek vinyl flooring, and a low-maintenance yard, making it an excellent choice for first-time homebuyers or anyone looking to add their personal touch. The home offers a fantastic opportunity to create your dream space with a little TLC. Enjoy easy access to freeways, shopping, and public transportation, making commuting and daily errands a breeze. Plus, there’s potential to build an Accessory Dwelling Unit (ADU) on the property, giving you even more possibilities for growth or rental income. Don't miss out on this fantastic opportunity in a prime Montebello location. Make it yours today!

Condition Rating
Poor
The property, built in 1949, is in 'Poor' condition. While it benefits from recent cosmetic updates like new interior paint and sleek vinyl flooring, the kitchen features very dated tiled countertops and older cabinets, requiring substantial rehabilitation. The bathroom also appears significantly outdated, and the presence of a window AC unit indicates a lack of modern central cooling. These major components require significant investment to meet current quality standards.
Pros & Cons

Pros

ADU Potential: The property offers significant potential to build an Accessory Dwelling Unit (ADU), providing opportunities for rental income or multi-generational living.
Prime Location & Accessibility: Centrally located in Montebello with easy access to freeways, shopping, and public transportation, enhancing convenience for residents.
Desirable School District: Situated within the highly desirable Montebello School District, a strong selling point for families with school-aged children.
Recent Cosmetic Updates: Features new interior paint and sleek vinyl flooring, offering a fresh, updated, and low-maintenance interior for immediate occupancy.
First-Time Homebuyer Appeal: Marketed as a charming starter home, making it an attractive and accessible option for first-time homebuyers.

Cons

Limited Bathroom Count: The property has only one bathroom for three bedrooms, which may be a significant drawback for families or multiple occupants.
Age and Required TLC: Built in 1949, the home may require additional investment for system updates or more extensive renovations beyond the recent cosmetic improvements.
Modest Living Space & Lot Size: With 1,102 sq ft of living space and a 2,500 sq ft lot, the property offers limited interior and exterior space compared to larger homes.

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