932 S Montebello Boulevard, Montebello, California 90640, Montebello, 90640 - bed, bath
ACTIVE$1,499,000
932 S Montebello Boulevard, Montebello, California 90640
0Bed
0Bath
3,102Sqft
15,383Lot
Year Built
1950
Close
-
List price
$1.5M
Original List price
$1.6M
Price/Sqft
$483
HOA
-
Days on market
-
Sold On
-
MLS number
WS25110643
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.50M(92th), sqft - 3102(69th), beds - undefined(50th), baths - undefined(50th).
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
Price History
Date
Event
Price
11/30/25
Price Change
$1,499,000-3.2%
08/10/25
Price Change
$1,549,000
05/19/25
Listing
$1,599,000
01/06/16
Sold
$730,000
04/29/02
Sold
$345,000
Condition Rating
Poor
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 Without interior photos, especially of kitchens and bathrooms, it's highly probable these areas are original or very outdated, requiring substantial repairs and rehabilitation to meet current standards.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.
Pros & Cons
Pros
Strong Income Generation: This triplex is fully occupied and explicitly stated to be generating strong, reliable monthly income, making it an immediate cash-flow asset for investors.
Significant Lot Size & Development Potential: 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.
Prime Montebello Location: Conveniently located in a desirable Montebello neighborhood, providing easy access to schools, shopping centers, and major freeways, enhancing tenant appeal and property value.
Dedicated Tenant Amenities: Each rental unit includes its own garage for parking and storage, a valuable amenity that adds convenience and appeal for tenants.
Long-Term Investment Opportunity: Positioned as an excellent opportunity for investors seeking stable long-term returns, with the added benefit of potential value appreciation through its development capabilities.
Cons
Property Age & Potential for Updates: 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.
Recent Price Reductions: 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.
Ongoing Management & Maintenance: 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.