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2432 & 2434 W Repetto Avenue, Montebello, California 90640, Montebello, 90640 - bed, bath

2432 home-pic-0
ACTIVE$829,999
2432 & 2434 W Repetto Avenue, Montebello, California 90640
0Bed
0Bath
1,372Sqft
5,042Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Investment Opportunity: This well-maintained duplex in a sought-after Montebello location presents a strong rental income potential, making it ideal for both experienced and new investors.
Top Cons:
Absence of Central Air Conditioning: The units are equipped with gas wall heaters but lack central air conditioning, which could be a significant comfort drawback for tenants during warmer periods in Southern California.

Compared to the nearby listings

Price:$830.0K vs avg $900.0K ($-70,001)38%
Size:1,372 sqft vs avg 2,398 sqft8%
Price/sqft:$605 vs avg $39692%

More Insights

Built in 1950 (75 years old).
Condition: The property, built in 1950, has received some significant updates such as a new roof in 2018 and new dual-pane windows, which are positive. The kitchens feature modern cabinets and countertops, indicating a recent partial renovation. However, the kitchen appliances (ranges, refrigerators) appear older and outdated, and the flooring in both kitchens and living areas consists of older linoleum/tile or carpet. The property relies on gas wall heaters, lacking central air conditioning, which is a significant drawback. While well-maintained, the updates are not comprehensive, and several key components like appliances, flooring, and HVAC systems show signs of being outdated or require further modernization. This places it in the 'Fair' category, as it is functional and maintained but requires minor updates to meet current quality standards and buyer expectations.
Year Built
1950
Close
-
List price
$830K
Original List price
$859K
Price/Sqft
$605
HOA
-
Days on market
-
Sold On
-
MLS number
CV25107171
Home ConditionFair
Features
Patio
View-

About this home

Exceptional Investment Opportunity!! Presenting a rare chance to acquire a well-maintained duplex in Montebello. This property provides a unique investment opportunity in a sought-after location. Each unit is separately metered for electricity and gas, offering tenants control over their utilities. Both units include their own detached single-car garage, providing secure parking and additional storage. The roof was replaced in May 2018, ensuring durability and minimizing future maintenance concerns. Units feature laundry hookups, gas wall heaters in the living rooms, and recently updated kitchens with modern cabinets and countertops and new dual pane windows. Located just 1.3 miles from the Montebello/Commerce Metrolink Station, offering convenient public transportation options. Easy access to major freeways including the 60, 5, and 710, facilitating efficient commuting and travel. This property offers strong rental income potential with its desirable location and well-maintained units. Detached garage can be converted into an ADU for additional income. Whether you're an experienced investor or looking to enter the rental market, 2432 & 2434 W Repetto Ave presents a compelling opportunity.

Price History

Date
Event
Price
04/11/24
Sold
$735,000
Condition Rating
Fair
The property, built in 1950, has received some significant updates such as a new roof in 2018 and new dual-pane windows, which are positive. The kitchens feature modern cabinets and countertops, indicating a recent partial renovation. However, the kitchen appliances (ranges, refrigerators) appear older and outdated, and the flooring in both kitchens and living areas consists of older linoleum/tile or carpet. The property relies on gas wall heaters, lacking central air conditioning, which is a significant drawback. While well-maintained, the updates are not comprehensive, and several key components like appliances, flooring, and HVAC systems show signs of being outdated or require further modernization. This places it in the 'Fair' category, as it is functional and maintained but requires minor updates to meet current quality standards and buyer expectations.
Pros & Cons

Pros

Exceptional Investment Opportunity: This well-maintained duplex in a sought-after Montebello location presents a strong rental income potential, making it ideal for both experienced and new investors.
Significant Value-Add Potential: The detached garages offer a clear opportunity for conversion into Accessory Dwelling Units (ADUs), which could substantially increase the property's income and overall value.
Recent Major Updates: Key capital improvements such as a roof replacement in 2018, recently updated kitchens with modern finishes, and new dual-pane windows reduce immediate maintenance concerns for a new owner.
Tenant-Friendly Features & Efficiency: Each unit benefits from separate metering for electricity and gas, individual laundry hookups, and a detached single-car garage, enhancing tenant appeal and simplifying landlord utility management.
Strategic Commuter Location: The property boasts excellent accessibility, being just 1.3 miles from the Montebello/Commerce Metrolink Station and offering easy access to major freeways (60, 5, and 710).

Cons

Absence of Central Air Conditioning: The units are equipped with gas wall heaters but lack central air conditioning, which could be a significant comfort drawback for tenants during warmer periods in Southern California.
Age of Property: Built in 1950, despite recent cosmetic and roof updates, the property's underlying infrastructure (e.g., plumbing, electrical beyond mentioned updates) may be older and could require future maintenance or upgrades.
Compact Unit Sizes: With a total of 1372 sqft for two units, the individual living spaces are relatively small, which might limit the tenant pool or potential rental rates compared to larger duplex units.

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