291 Simmons Avenue, Montebello, California 90640, Montebello, 90640 - 5 bed, 4 bath
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Montebello, California 90640
This property presents a High-Potential Investment Opportunity with a List Price of $1,100,000—positioned above the $959,763 Fair Market Value. While the property requires capital for modernization, its Fair Condition Rating is offset by significant Dual-Income Potential from the two separate units. The ADU Conversion Opportunity in the detached garage provides a clear path to forced appreciation. With long-term tenants in place, this asset is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to maximize density in a high-demand East LA corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 291 Simmons Avenue Subject | $1,100,000* List Price | 5 | 4 | 2,835 | $339 | - |
A 829 Keenan Street Active | $999,900 List Price | 6 | 4 | 2,493 | $401 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property consists of a 1949 front house and a 1984 rear unit. While the listing shows pride of ownership and clean maintenance, the interiors are dated with popcorn ceilings, older oak cabinetry, and window AC units suggesting a lack of modern central HVAC. With the last major unit addition being 40 years ago and the front house being 75 years old, the property is functional but requires cosmetic and system updates.
Featuring two separate homes on a single lot (3BD/2BA and 2BD/1.5BA), this property offers immediate rental income or a flexible multi-generational living arrangement.
The detached 2-car garage provides significant value-add potential for an Accessory Dwelling Unit (ADU) conversion, allowing for increased density and additional revenue.
Situated on the Montebello/East LA border near the 60 Freeway and East LA College, the property is ideally positioned for high rental demand and commuter convenience.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The property is delivered with long-term tenants, which may limit immediate owner-occupancy options or the ability to quickly adjust rents to current market rates.
With the primary residence dating back to 1949, the property may require more frequent maintenance or updates to its older systems compared to modern builds.
First time on the market in 50+ years! Well-maintained duplex featuring two separate homes on one lot. Front house offers 3BD/2BA with living, dining and family rooms. Rear two-story home offers 2BD/1.5BA. Gated 3-car gated carport, detached 2-car garage with ADU potential (buyer to verify), shared courtyard, and tenants pay all utilities. Excellent East LA location bordering. Montebello near the 60 Freeway, Beverly Blvd and Monterey Park & East LA College. Pride of ownership throughout. Delivered with long-term tenants. Original house built in 1949, rear unit 1984. Rear unit is separate address, 293 Simmons (per Seller with permits)
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,835 | 1,382 |
| Lot Size | 5,874 | 5,703 |
| Price | $1.10M | $828.7K |
| Price per sq ft | $388 | $578 |
| Built year | 1949 | 1953 |
| HOA | $0 | $725 |
| Days on market | 16 | 55 |
Jul 6, 2026
$1,100,000
Initial Listing