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USACAMontebello701 W Madison Ave
701 W Madison Ave, Home with 9 bedrooms, 8 bathrooms and 8 parking in Montebello CA | Image 1
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$2,300,000

701 W Madison Ave, Montebello, CA

Real Estate

For Sale

$--,---,---
988
  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 5693 sqft
Garage Yes
Maintenance Fees 
Taxes 
Days Active 2
Approx. Age 1951
Avg. Price Per Sqft $404
MLS® Number 25591067

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description
MLS® Number25591067
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelLaundry Room
Exposure
Exterior
GarageYes
Approx. Age1951
Stories2
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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