932 S Montebello Boulevard, Montebello, California 90640, Montebello, 90640 - 0 bed, 0 bath
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Montebello, California 90640
This Residential Income Triplex is listed at $1,499,000, compared to a $1,236,525 Fair Market Value. While the property currently holds a Poor Condition Rating due to its 1950s construction and need for modernization, the value is anchored by a massive 15,383 Sqft Lot and Three Occupied Units providing reliable income. Recent price reductions reflect the market's adjustment to the property's age and deferred maintenance. This Value-Add asset offers rare expansion or redevelopment potential in a prime Montebello location for Buy-and-Hold Investors or Developers seeking long-term land-use optimization.
Property is extensive renovation needed.
Built in 1950, this property is over 70 years old with no indication of major renovations. The exterior images show dated structures and minimal upkeep. The AI-generated analysis explicitly notes 'Property Age & Potential for Updates' and the need for 'significant capital expenditures for system upgrades, deferred maintenance, or modernization.' Without interior photos, especially of kitchens and bathrooms, it's highly probable these areas are original or very outdated, requiring substantial repairs and rehabilitation to meet current standards. While occupied and generating income, the property's age and lack of evident updates suggest major components are likely at or past their expected lifespan, aligning with a 'poor' condition.
This triplex is fully occupied and explicitly stated to be generating strong, reliable monthly income, making it an immediate cash-flow asset for investors.
The property sits on a massive lot of over 15,383 square feet, offering substantial potential for future expansion, additional units, or redevelopment in a desirable area.
Conveniently located in a desirable Montebello neighborhood, providing easy access to schools, shopping centers, and major freeways, enhancing tenant appeal and property value.
Built in 1950, the property is over 70 years old, which may imply the need for significant capital expenditures for system upgrades, deferred maintenance, or modernization of units to maximize rental income and tenant satisfaction.
The property has undergone multiple price reductions from its initial listing price, which could indicate overpricing or challenges in attracting buyers at previous price points.
As a multi-unit income property, it requires ongoing active management, including tenant relations, routine maintenance, and potential turnover costs, which can be a significant commitment for an owner.
This triplex offers a total of 3,102 square feet of living space, each with its own address, situated on a massive lot of over 15,383 square feet. The property consists of multiple rental units generating strong monthly income, great for investors seeking long-term returns or to develop. Each unit has a garage for parking and storage. All units are occupied with reliable income. Situated in a desirable Montebello neighborhood, this property is conveniently located near schools, shopping centers, and major freeways, ensuring easy access to all that the area has to offer
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,102 | 2,974 | 58% |
| Lot Size | 15,383 | 6,643 | 92% |
| Price | $1.50M | $1.07M | 83% |
| Price per sq ft | $483 | $405 | 67% |
| Built year | 1950 | 1956 | 42% |
| HOA | $0 | $0 | 50% |
| Days on market | 338 | 187 | 83% |
Nov 30, 2025
$1,499,000
$1,549,000
-3% Price Drop
Initial Listing
Aug 10, 2025
$1,549,000
Initial Listing
May 19, 2025
$1,599,000
Initial Listing
Jan 6, 2016
$730,000
Public Record
Apr 29, 2002
$345,000
Public Record