140 N Greenwood AVE new Save Request In-Person Tour Request Virtual Tour
Montebello,CA 90640
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25106389
HOA Y/N No
Year Built 1939
Lot Size 6,351 Sqft
Property Sub-Type Duplex
Property Description
Prime Investment Opportunity with ADU potential in the City of Montebello! This tenant-occupied duplex in the heart of Montebello is a great opportunity for investors seeking immediate and stable rental income. With a total of 1,556 sq ft, the property features two units: a front unit with 2 bedrooms and 1 bathroom, currently occupied by a reliable Section 8 tenant providing consistent, government-backed payments, and a rear unit with 1 bedroom and 1 bathroom, also tenant-occupied. The property is being sold with tenants in place, offering turnkey cash flow from day one and eliminating the hassle of vacancy or lease-up. Both units are separately metered except for water, and offer solid layouts with potential for value-add improvements. In addition, the detached 2-car garage offers excellent potential for conversion into an ADU (Accessory Dwelling Unit), providing an opportunity to increase rental income and maximize property value. Located near shopping, dining, schools, and major freeways, this Montebello duplex sits in a strong rental market and is a smart addition to any investor's portfolio.
Location
State CA
County Los Angeles
Area 674 - Montebello
Zoning MNR3YY
Interior
Heating Central,Fireplace(s)
Cooling Central Air
Fireplace No
Laundry Washer Hookup,Gas Dryer Hookup
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Suburban
View Y/N No
View None
Roof Type Shingle
Total Parking Spaces 2
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6345022006
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard