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605 N Forbes Avenue, Montebello, California 90640, Montebello, 90640 - 5 bed, 3 bath

605 N Forbes Avenue, Montebello, California 90640 home-pic-0
ACTIVE UNDER CONTRACT$888,000
605 N Forbes Avenue, Montebello, California 90640
5Beds
3Baths
1,603Sqft
5,119Lot

Price Vs. Estimate

The estimated value ($501,748.72) is $386,251.28 (43%) lower than the list price ($888,000). This property may be overpriced.

Key pros and cons

Top Pros:
Detached ADU: The property features a detached Accessory Dwelling Unit (ADU) with its own entrance, kitchenette, and bathroom, providing significant value and versatility.
Top Cons:
Age of Main Structure: Built in 1947, the primary residence may have aging systems (e.g., plumbing, electrical, roof) that could require significant updates or maintenance in the near future.

Compared to the nearby listings

Price:$888.0K vs avg $850.0K (+$38,000)59%
Size:1,603 sqft vs avg 1,531 sqft58%
Price/sqft:$554 vs avg $54851%

More Insights

Built in 1947 (78 years old).
Condition: The property, built in 1947, is well-maintained and move-in ready, but the main house's kitchen and bathrooms feature dated styles, suggesting renovations from 15-25 years ago (e.g., mosaic backsplash, older cabinet styles, basic fixtures). While there are newer elements like wood-look laminate flooring, fresh paint, and a mini-split AC unit, the core aesthetic of the key areas is not modern. The detached ADU is a significant value-add, but the overall condition of the primary residence's interior places it in the 'fair' category, indicating it's functional but would benefit from cosmetic updates to meet current standards.
Year Built
1947
Close
-
List price
$888K
Original List price
$888K
Price/Sqft
$554
HOA
-
Days on market
-
Sold On
-
MLS number
PW25069196
Home ConditionFair
Features
Patio
View-

About this home

Discover this inviting 4-bedroom, 2-bathroom home in the beautiful North Montebello. This home offers a functional layout with comfortable living spaces, making it a great opportunity for families or investors. The living and dining areas provide a warm and welcoming atmosphere, with natural light enhancing the space. Each of the four bedrooms offers a cozy retreat, and the two bathrooms provide essential convenience. A standout feature of this property is the detached ADU (Accessory Dwelling Unit)—perfect for extended family, rental income, or a private workspace. The ADU has its own entrance, kitchenette, and bathroom, offering flexibility and potential. Outside, the low-maintenance backyard provides space for relaxation or small gatherings. A long driveway offers ample parking, adding extra convenience. Located close to schools, shopping, dining, and major freeways, this home offers accessibility and potential. Don’t miss this chance to own in Montebello—schedule a showing today!

Price History

Date
Event
Price
04/28/17
Sold
$490,000
10/13/04
Sold
$335,000
Condition Rating
Fair
The property, built in 1947, is well-maintained and move-in ready, but the main house's kitchen and bathrooms feature dated styles, suggesting renovations from 15-25 years ago (e.g., mosaic backsplash, older cabinet styles, basic fixtures). While there are newer elements like wood-look laminate flooring, fresh paint, and a mini-split AC unit, the core aesthetic of the key areas is not modern. The detached ADU is a significant value-add, but the overall condition of the primary residence's interior places it in the 'fair' category, indicating it's functional but would benefit from cosmetic updates to meet current standards.
Pros & Cons

Pros

Detached ADU: The property features a detached Accessory Dwelling Unit (ADU) with its own entrance, kitchenette, and bathroom, providing significant value and versatility.
Income & Flexibility Potential: The detached ADU offers excellent potential for rental income, accommodating extended family, or serving as a private home office/workspace.
Ample Parking: A long driveway provides ample off-street parking, a valuable convenience in urban and suburban areas.
Convenient Location: Located in North Montebello, the home offers great accessibility to schools, shopping, dining, and major freeways.
Generous Room Count: With a total of 5 bedrooms and 3 bathrooms (including the ADU), the property provides substantial living space suitable for larger families or multiple occupants.

Cons

Age of Main Structure: Built in 1947, the primary residence may have aging systems (e.g., plumbing, electrical, roof) that could require significant updates or maintenance in the near future.
Lack of Central Air Conditioning (Inferred): The property description does not mention central air conditioning, which could be a significant drawback for comfort during warmer months in Southern California.
Potential for Outdated Interiors (Main House): While the ADU is highlighted, the main home's interior finishes and fixtures, given its age, may be dated and could require modernization to appeal to contemporary tastes.

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