701 W Madison Avenue, Montebello, CA 90640
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
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.
Contact an agent
Home facts
- Year built:1951
- Listing ID #:25591067
- Added:4 day(s) ago
- Updated:September 16, 2025 at 01:37 PM
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
New listings near 701 W Madison Avenue
- New$458,000Active2 beds 2 baths929 sq. ft.
1765 Neil Armstrong Street #202, Montebello, CA 90640
MLS# AR25216525Listed by: RE/MAX ELITE REALTY - New$458,000Active2 beds 2 baths929 sq. ft.
1765 Neil Armstrong Street #202, Montebello, CA 90640
MLS# AR25216525Listed by: RE/MAX ELITE REALTY - New$1,596,000Active-- beds -- baths6,142 sq. ft.
1032 S Greenwood, Montebello, CA 90640
MLS# SB25216468Listed by: REDFIN CORPORATION - New$2,300,000Active9 beds 8 baths5,693 sq. ft.
701 W Madison Avenue, Montebello, CA 90640
MLS# 25591067Listed by: REMAX COMMERCIAL AND INVESTMENT REALTY - $749,000Pending3 beds 2 baths1,200 sq. ft.
204 N Poplar Avenue, Montebello, CA 90640
MLS# PW25206446Listed by: CENTURY 21 CORNERSTONE - New$808,888Active3 beds 3 baths1,589 sq. ft.
929 W Ashiya Road, Montebello, CA 90640
MLS# MB25201035Listed by: CENTURY 21 MASTERS - New$999,990Active4 beds 4 baths2,142 sq. ft.
1055 Walnut Terrace, Montebello, CA 90640
MLS# OC25200229Listed by: KELLER WILLIAMS REALTY - $229,990Active0 Acres
0 Montebello Blvd, Montebello, CA 90640
MLS# DW25195801Listed by: KELLER WILLIAMS WORLD MEDIA CENTER - New$999,990Active4 beds 4 baths2,142 sq. ft.
1055 Walnut Terrace, Montebello, CA 90640
MLS# OC25200229Listed by: KELLER WILLIAMS REALTY