224 S Greenwood Avenue, Montebello, California 90640, Montebello, 90640 - bed, bath

224 S Greenwood Avenue, Montebello, California 90640 home-pic-0
ACTIVE$1,100,000
224 S Greenwood Avenue, Montebello, California 90640
0Bed
0Bath
2,266Sqft
6,741Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income-Generating Triplex: The property offers three independent living spaces (duplex + new ADU) with two units already rented, providing immediate cash flow and strong investment potential.
Top Cons:
Age of Original Structure: Built in 1929, the original duplex units, despite remodels, may still have underlying older infrastructure (e.g., plumbing, electrical) that could require future maintenance or upgrades.

Compared to the nearby listings

Price:$1.10M vs avg $950.0K (+$150,000)85%
Size:2,266 sqft vs avg 2,398 sqft46%
Price/sqft:$485 vs avg $39662%

More Insights

Built in 1929 (96 years old).
Condition: Despite the 1929 build year, the property has been extensively and recently renovated, including fully remodeled duplex units and a brand-new detached ADU. The images showcase modern kitchens with shaker cabinets, new countertops, and stainless steel sinks, along with updated bathrooms featuring new vanities, toilets, and contemporary tiling (including a walk-in shower in the ADU). New laminate flooring, fresh paint, modern light fixtures, and mini-split AC units indicate a comprehensive upgrade to current quality standards with no visible deferred maintenance.
Year Built
1929
Close
-
List price
$1.1M
Original List price
$1,000K
Price/Sqft
$485
HOA
-
Days on market
-
Sold On
-
MLS number
PW25081322
Home ConditionExcellent
Features
View-

About this home

Price Reduced! – Turnkey Triplex in the Heart of Montebello! Welcome to 224 S Greenwood Ave, a beautifully upgraded and thoughtfully reimagined property offering three fully independent living spaces on one lot. Recently converted from a single-family residence into a modern duplex plus a brand-new detached ADU, this is a rare investment opportunity with built-in income and owner-user potential. The duplex consists of fully remodeled two side-by-side units, each offering 2 bedrooms and 1 bathroom, designed with bright, functional floorplans and tasteful updates. Both units are currently rented out, generating reliable income from day one. Tucked privately at the rear of the property is a spacious, detached brand new ADU featuring 2 bedrooms, 1 bathroom, and approximately 750 square feet of living space. With no shared walls and a separate entrance, it offers true privacy and comfort—ideal for owner-occupants or an additional rental. Even better, the ADU can be delivered vacant at closing, offering flexibility for move-in or leasing. A long driveway provides ample off-street parking, enhancing accessibility and convenience for all occupants. Centrally located in Montebello, you’re just minutes from shopping, dining, schools, and major freeways—positioning this property perfectly for both lifestyle and investment. Whether you're an investor seeking strong cash flow or a homeowner looking to live in one unit and rent the others, 224 S Greenwood Ave is a move-in-ready, income-generating gem.

Price History

Date
Event
Price
02/23/24
Sold
$655,000
Condition Rating
Excellent

Despite the 1929 build year, the property has been extensively and recently renovated, including fully remodeled duplex units and a brand-new detached ADU. The images showcase modern kitchens with shaker cabinets, new countertops, and stainless steel sinks, along with updated bathrooms featuring new vanities, toilets, and contemporary tiling (including a walk-in shower in the ADU). New laminate flooring, fresh paint, modern light fixtures, and mini-split AC units indicate a comprehensive upgrade to current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Income-Generating Triplex: The property offers three independent living spaces (duplex + new ADU) with two units already rented, providing immediate cash flow and strong investment potential.
Brand New Detached ADU: A newly constructed, private 2-bedroom, 1-bathroom ADU significantly enhances property value, offers flexibility for owner-occupancy or additional rental income, and provides modern living space.
Extensive Upgrades & Turnkey Condition: The property has been 'beautifully upgraded and thoughtfully reimagined,' including fully remodeled duplex units, making it move-in or rent-ready with modern aesthetics and functionality.
Owner-User & Investment Versatility: The ADU can be delivered vacant at closing, offering unique flexibility for an owner to live in one unit while collecting rent from the others, or for an investor to maximize rental income from all three units.
Central Montebello Location: Strategically located in Montebello, providing easy access to shopping, dining, schools, and major freeways, which appeals to a broad tenant base and enhances future resale value.

Cons

Age of Original Structure: Built in 1929, the original duplex units, despite remodels, may still have underlying older infrastructure (e.g., plumbing, electrical) that could require future maintenance or upgrades.
Lack of Dedicated Private Outdoor Space: The description does not specify dedicated private outdoor areas for each unit, which can be a desirable amenity for tenants and owner-occupants in a multi-unit property.
No Scenic Views: The property details explicitly state 'View: None,' which might be a minor detractor for buyers prioritizing scenic outlooks or specific vistas.

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