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2645 W Via Corona, Montebello, California 90640, Montebello, 90640 - bed, bath

2645 W Via Corona, Montebello, California 90640 home-pic-0
ACTIVE$1,400,000
2645 W Via Corona, Montebello, California 90640
0Bed
0Bath
2,900Sqft
5,776Lot
Year Built
1950
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$483
HOA
-
Days on market
-
Sold On
-
MLS number
PW25187642
Home ConditionExcellent
Features
Good View:
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.40M(85th), sqft - 2900(50th), beds - undefined(50th), baths - undefined(50th).

Amazing investment opportunity in Montebello! A long-term Corporate Tenant dedicated to a 3-year lease, 7% Cap Rate, and managed by a professional real estate company. This newly remodeled property boasts a main house featuring 5 bedrooms and 4 baths, fully remodeled with modern finishes. Three of the bedrooms are master suites, providing ample privacy and comfort, with one suite featuring its own private entrance. Additionally, the brand-new accessory dwelling unit (ADU) on the second floor offers 3 bedrooms and 2 baths, perfect for guests or extended family. The entire property includes a dedicated laundry room for added convenience. Situated in a tranquil neighborhood, this home is just a short distance from schools and parks, making it ideal for multi-generational families or a rental income investment.

Price History

Date
Event
Price
09/03/25
Listing
$1,400,000
11/02/20
Sold
$530,000
03/17/09
Sold
$294,000
08/06/03
Sold
$346,000
Condition Rating
Excellent
Despite being built in 1950, the property has been 'newly remodeled' and features a 'brand-new ADU' as stated in the description. The images confirm extensive, modern renovations throughout, including new light-colored LVP flooring, recessed LED lighting, and fresh paint. The kitchen boasts modern gray shaker cabinets, black countertops, and a new sink/faucet, though the white range appears basic. Bathrooms are fully updated with modern black and white tiling, new vanities, fixtures, and glass shower enclosures. Mini-split AC units indicate modern cooling/heating. All visible components appear new or virtually new, meeting current quality standards.
Pros & Cons

Pros

Exceptional Investment Opportunity: The property is explicitly marketed as an 'Amazing investment opportunity' with a strong '7% Cap Rate' and a 'long-term Corporate Tenant dedicated to a 3-year lease', ensuring stable and attractive returns.
Dual Income Streams & Brand-New ADU: Features a main house and a 'brand-new accessory dwelling unit (ADU)' with 3 bedrooms and 2 baths, significantly enhancing rental income potential and offering flexibility for multi-generational living.
Extensive Remodeling & Modern Finishes: The entire property is 'newly remodeled' with the main house 'fully remodeled with modern finishes', suggesting minimal immediate maintenance and high appeal to tenants or residents.
Professional Management & Income Stability: The property is 'managed by a professional real estate company' and has a 'long-term Corporate Tenant', providing a hands-off investment experience and reliable income flow.
Versatile Layout with Master Suites: The main house boasts 5 bedrooms and 4 baths, including 'Three of the bedrooms are master suites' with one featuring a 'private entrance', offering privacy and adaptability for various living arrangements.

Cons

Age of Original Structure: Despite being 'newly remodeled', the property's original build year of 1950 indicates that underlying infrastructure (e.g., foundation, original plumbing/electrical not replaced) may be older and could require future attention.
Potentially Limited Outdoor Space: With a 5776 sqft lot accommodating a large main house (5 bed) and a separate 3-bed ADU, the usable outdoor space for recreation or privacy for multiple tenants/families might be constrained.
Reliance on Specific Tenant Type: While the 'long-term Corporate Tenant' is a current strength, the property's high Cap Rate is heavily tied to this specific arrangement. Future tenant acquisition or market changes after the 3-year lease could impact the current investment metrics.

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