745 S Montebello, Montebello, California 90640, Montebello, 90640 - 3 bed, 1 bath
Loading property details...
Montebello, California 90640
This property presents a High-Potential Investment Opportunity with a List Price of $725,000—positioned well below the $741,429 Fair Market Value by 2%. This valuation gap offers $16,429 in Instant Equity for buyers. With a Condition Rating of 5, the home requires significant renovation, yet the 8,000 sq ft lot provides massive expansion potential. This is a strategic value-add asset ideal for Fix-and-Flip Investors or Contractors seeking a project in a high-demand, walkable Montebello neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 745 S Montebello Subject | $725,000* List Price | 3 | 1 | 1,184 | $626 | - |
A 828 Tola Sold | $650,000 | 3 | 2 | 1,301 | $500 | 0.5 mi |
B 649 S 5th Sold | $625,000 | 2 | 1 | 940 | $665 | 0.2 mi |
C 229 S 10th Sold | $660,000 | 2 | 1 | 911 | $724 | 0.6 mi |
D 2013 W Hereford Drive Sold | $675,000 | 2 | 1 | 881 | $766 | 0.9 mi |
E 824 S 6th Active | $799,000 List Price | 3 | 2 | 1,176 | $679 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1949 and on the market for the first time in 70 years, this home is a clear rehab candidate. While it features some updates like ductless AC and recessed lighting, the kitchen and bathrooms are original and severely dated, with visible wall deterioration in the shower area and aging systems throughout.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7764, living area = 1184.
The nearly 8,000 sq ft lot provides a massive backyard with significant room for expansion, gardening, or the addition of an Accessory Dwelling Unit (ADU).
Situated in a walkable neighborhood near downtown Montebello, the property offers excellent proximity to local eateries and easy access to the 60, 5, and 710 freeways.
Offered for the first time in 70 years as a 'blank canvas,' the property likely requires a substantial capital investment to modernize its systems and finishes.
The 3-bedroom, 1-bathroom configuration may be a drawback for modern families and could limit the property's appraisal value compared to homes with a second bath.
First time on the market in 70 years! A rare investment/renovation opportunity in the heart of Montebello. Situated on a spacious lot just under 8,000 sq ft, this property offers a huge backyard with plenty of room to expand, garden, or entertain. Inside, you'll find comfort features including ductless air conditioning and recessed lighting throughout, adding modern convenience to a home full of solid bones and untapped potential — a true blank canvas for the right buyer. Located just minutes from downtown Montebello, this home sits in a tight-knit, walkable neighborhood known for its strong sense of community, beloved local eateries, and small-town charm just minutes from Los Angeles. Montebello's central location offers easy access to the 60, 5, and 710 freeways, making commutes and city trips a breeze. Bring your vision — opportunities like this don't come around often!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,184 | 1,382 |
| Lot Size | 7,764 | 5,703 |
| Price | $725.0K | $828.7K |
| Price per sq ft | $612 | $578 |
| Built year | 1949 | 1953 |
| HOA | $0 | $725 |
| Days on market | 21 | 55 |
Jul 1, 2026
$725,000
Initial Listing