701 W Madison Avenue, Montebello, CA 90640
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
701 W Madison Avenue,Montebello, CA 90640
$2,300,000
- 9 Beds
- 8 Baths
- 5,693 sq. ft.
- Multi-family
- Active
Listed by: shant sherbetdjian
Office: remax commercial and investment realty
MLS#:25591067
Source:CRMLS
Price summary
- Price:$2,300,000
- Price per sq. ft.:$404
About this home
We are pleased to present this rare North Montebello investment opportunity. Ideally located between Beverly Boulevard and Whittier Boulevard, the property offers residents convenient access to shopping, dining, and community amenities. Owned and meticulously maintained by the same family since 1987, this asset is being offered for sale for the first time in 38 years. The property features eight oversized units within two side-by-side fourplexes, providing spacious living accommodations and true pride-of-ownership appeal. Positioned on two separate parcels, each unit includes private garage parking with potential for additional value through ADU development. All units are separately metered for gas and electricity and include individual water heaters, ensuring efficient utility management and reduced operating expenses. The electrical panels have been fully upgraded, eliminating costly concerns for future ownership. Situated on a prominent corner lot, the property boasts excellent curb appeal and an 80 Walk Score, underscoring its pedestrian-friendly location. Governed solely by the statewide AB1482 Rent Ordinance, it is not subject to any additional local rent control restrictions, offering investors greater flexibility in operations. This is a truly exceptional opportunity to acquire a long-held, well-maintained asset in one of Montebello's most desirable neighborhoods. Please note, this sale includes 2 separate fourplexes situated side by side, all information provided is at the combined size, income and financial characteristics.
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Home facts
- Year built:1951
- Listing ID #:25591067
- Added:60 day(s) ago
- Updated:November 11, 2025 at 11:27 AM
Rooms and interior
- Bedrooms:9
- Total bathrooms:8
- Living area:5,693 sq. ft.
Structure and exterior
- Year built:1951
- Building area:5,693 sq. ft.
- Lot area:0.33 Acres
Finances and disclosures
- Price:$2,300,000
- Price per sq. ft.:$404
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